Securities America buys BD assets from Kansas City Life
July 28, 2014 by Emily Zulz
Securities America announced Monday a definitive agreement to acquire certain assets of Sunset Financial Services Inc., a full-service broker-dealer, from Kansas City Life Insurance Co. (KCLI).
The deal is expected to add 268 registered representatives in 48 states plus the District of Columbia, approximately $18 million in annual gross revenue and $2.4 billion in client assets to Securities America. It is expected to close by year end.
Originally Posted at LifeHealthPro on July 22, 2014 by Emily Zulz.
Categories: Industry Articles