RetireOne insurance platform buys EF Legacy Securities

Edelman Financial Engines sells its Kentucky-based broker-dealer unit

Nov 14, 2019 @ 12:49 pm

By InvestmentNews

RetireOne, a San Francisco-based platform for fee-based insurance products owned by Aria Retirement Solutions, has purchased EF Legacy Securities, a broker-dealer, from Edelman Financial Engines.

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The acquisition allows RetireOne to expand its insurance and annuity back-office services for RIA firms, and better assist registered representatives moving their practices to a fee-based model, Aria said in a release.

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The company said that Rainey Gray will stay on as the broker-dealer's chief compliance officer to help support the business. EF Legacy Securities is based in Louisville, Ky.

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