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.