Royal Alliance has announced the completion of its acquisition of Signator Investors Inc., a dual-registered broker-dealer and investment advisor overseeing approximately $50 billion in client assets that was formerly a part of John Hancock, a division of Manulife Financial Corp.
With the acquisition, Royal Alliance gains 93% of Signator’s assets under administration and 1,860 advisors. It continues a year in which Royal Alliance has already brought in 172 advisors with a collective $3 billion in AUA to the firm.
Signator’s advisors will have access to Royal Alliance’s technology, holistic wealth management solutions, marketing services and business-building support.
Royal Alliance, a registered investment advisor founded in 1969, is part of broker-dealer network Advisor Group. It has more than 3,600 affiliated independent financial advisors and is headquartered in Jersey City.
Advisor Group is headquartered in Phoenix, serves over 6,000 advisors and oversees more than $200 billion in client assets.
“This acquisition continues the momentum we saw in 2017 when we had our best recruiting year ever,” Jamie Price, president and CEO of Advisor Group, says in a statement.
Price adds, “Our goal at Advisor Group has always been to use our scale to provide best-in-class solutions for our advisors. We continue our focus on investing in services and tools that will help our advisors better serve their clients and when the opportunity arises, and we see a good cultural fit, adding quality advisors to our team.”