Two of Royal Alliance's largest OSJs merge

MAR 08, 2017

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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