Reverence Capital Acquires Advisor Group

Posted on May 10th, 2019 at 1:18 PM
Reverence Capital Acquires Advisor Group

From the Desk of Jim Eccleston at Eccleston Law LLC:

In the largest M&A deal of this year, Reverence Capital Partners has announced its 75% purchase of Advisor Group from Lightyear Capital, PSP Investments, and other shareholders on May 9th, 2019. The cost of doing business? More than $2 billion was spent to acquire the independent broker dealer.

Advisor Group is one of the nation’s largest networks of financial advisors with nearly 7,000 advisors and $268 billion in client assets. There are four broker-dealers within the Advisor Group network: FSC Securities Corp., Royal Alliance Associates Inc., Sagepoint Financial Inc., and Woodbury Financial.

Reverence Capital, a private investment firm founded in 2013, claims it is not interested in changing the current structure of the successful platform. Reverence Capital claims it will keep Advisor Group independent and privately-owned.

The attorneys at Eccleston Law assist advisors in planning their transition, negotiating their transition and employment agreements, and defending them when their former firms file litigation and arbitration.

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial investors and advisors including Securities FraudCompliance ProtectionBreach of Fiduciary DutyFINRA Matters, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

Tags: james eccleston, eccleston law, eccleston law llc, eccleston, reverence capital, lightyear capital, advisor group, psp investments

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