Independent Financial Group snaps up small Southern California B-D
The deal for NPB Financial Group in Burbank is the latest in a modest string of broker-dealer acquisitions occurring against the backdrop of the red-hot M&A market for RIAs.
Independent Financial Group of San Diego, which is marketed as IFG, over the summer acquired the assets of another Southern California broker-dealer, NPB Financial Group in Burbank, with 38 reps and financial advisers who control $1.2 billion in assets.
The terms of the deal have not been disclo
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