How Advisor Group’s deal for Signator could reshape the IBD space
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.”