RetireOne insurance platform buys EF Legacy Securities

RetireOne insurance platform buys EF Legacy Securities
Edelman Financial Engines sells its Kentucky-based broker-dealer unit.
NOV 14, 2019
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. [More: Guiding clients through the Medicare maze] 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. [Recommended video:​ Ed Slott: Roth IRA opportunity cost or opportunity lost?] 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. Our final Women Adviser Summit of 2019 will be held in New York City.​ Register now.

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