Atria Wealth to acquire Western International Securities

Atria Wealth to acquire Western International Securities
Pasadena, Calif.-based indie will be fifth B-D under Atria umbrella
NOV 21, 2019
Atria Wealth Solutions, a New York-based broker-dealer holding company, will acquire Western International Securities, a Pasadena, Calif.-based broker-dealer founded in 1995 that serves more than 400 independent brokers and administers $13 billion in assets. [More:​ Bronfman Rothschild acquisition creates $10 billion RIA] The transaction, the terms of which were not announced, is expected to close in the first quarter of 2020. [Recommended video:​ Change agent in financial advice] Western International will be the fifth broker-dealer acquired by Atria since 2017, joining NEXT Financial Group, CUSO Financial Services, Sorrento Pacific Financial and Cadaret Grant as Atria subsidiaries. The acquisition will give Atria close to 2,500 financial advisers with nearly $80 billion of assets under administration.

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