Two of Royal Alliance's largest OSJs merge

The combined firm manages $2.5 billion assets, according to the broker-dealer's parent company

Mar 8, 2017 @ 11:19 am

By Investment News

Two Super OSJs affiliated with Royal Alliance are merging into one firm with $2.5 billion in assets, according to the broker-dealer's parent Advisor Group.

NWF Advisory Group of Los Angeles and WHJR Associates of Campbell, Calif. merged with the help of Advisor Group's succession planning program, the company said in a release. The combined firm, which will operate under the NWF brand, will be one of Royal Alliance's largest OSJs.

"We were looking for assistance with a complicated succession planning scenario, and the support we received from Advisor Group likely saved me at least $10,000 in professional fees and costs," said Wolfgang Remkes, CEO of WHJR Associates, which is based in the metro San Jose area.

Shehab Mohammad is president and CEO of NWF.


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