Jersey City-based Royal Alliance Associates, one of Advisor Group‘s four wealth management firms, announced it has closed on its acquisition of Signator Investors Inc.
Signator is a broker-dealer and investment advisor which oversees about $50 billion in client assets and was part of John Hancock, a division of Manulife Financial Corp.
“We’re pleased to announce the successful close of this acquisition and are excited to welcome our new advisors into the Royal Alliance family,” Dmitry Goldin, CEO and president of Royal Alliance, said. “We are thrilled that 1,860 advisors, representing 93 percent of Signator’s AUA, decided to join Royal. Our value proposition truly resonated with them, and we look forward to offering them the systems, tools, and resources they need to be successful and grow their businesses.”
The acquisition follows Royal Alliances addition of 172 advisors this year.
“This acquisition continues the momentum we saw in 2017 when we had our best recruiting year ever,” Jamie Price, CEO and president of Advisor Group, said. “Our goal at Advisor Group has always been to use our scale to provide best-in-class solutions for our advisors. We continue our focus on investing in services and tools that will help our advisors better serve their clients and when the opportunity arises, and we see a good cultural fit, adding quality advisors to our team.”
