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Legend will bring its investment services and retirement planning solutions to First Allied, and The Legend Group of companies will operate as an independent business unit under the First Allied umbrella. The companies will seek to explore synergies within the organization, which as a result will likely expand services and programs offered to advisers and clients. The combined entities will have nearly 1,400 advisers and $28 billion in assets under administration. The transaction is expected to close in the first quarter of 2013. “For decades, we have prided ourselves on providing premium services and support, and we believe this transaction will further enhance our ability to deliver premier solutions to our advisers and their clients,” Legend’s CEO, Mark Spinello, said. “Joining First Allied aligns us with a partner company that shares our independent roots and our business goals.”
Legend will bring its investment services and retirement planning solutions to First Allied, and The Legend Group of companies will operate as an independent business unit under the First Allied umbrella.
The companies will seek to explore synergies within the organization, which as a result will likely expand services and programs offered to advisers and clients. The combined entities will have nearly 1,400 advisers and $28 billion in assets under administration. The transaction is expected to close in the first quarter of 2013.
“For decades, we have prided ourselves on providing premium services and support, and we believe this transaction will further enhance our ability to deliver premier solutions to our advisers and their clients,” Legend’s CEO, Mark Spinello, said. “Joining First Allied aligns us with a partner company that shares our independent roots and our business goals.”
Kristen Heinzingereditors@plansponsor.com