Linsco/Private Ledger Corp. has agreed to acquire Independent Financial Marketing Group Inc. from Sun Life Financial Inc.
LPL, Boston, is an independent broker-dealer that sells insurance and investment products to the customers of about 800 financial institutions.
IFMG, Purchase, N.Y. sells insurance and financial services to customers of about 38 financial institutions, according to a report published by the Bank Insurance & Securities Association, Wayne, Pa.
The price of the deal was not immediately available.