Louis Diamond Quoted
By Tobias Salinger
Advisor Group’s second acquisition of the year carries the potential to make it bigger than any other independent broker-dealer network, while pushing its largest subsidiary into the top 10 firms in the space.
Some major questions loom over the success of the deal, though.
“Culturally, it might be a good fit. Signator has a lot of large OSJ groups. They could probably slide in relatively easily to the model,” says Diamond, describing Signator as a respected but stuck-in-the-middle firm. “They were too small to truly compete against Raymond James and LPL and other like firms.”
