Royal Alliance Associates (Royal Alliance), one of Advisor Group's four independent wealth management firms today announced that it has closed its acquisition of Signator Investors, Inc. (Signator). Signator was a dual-registered broker-dealer and investment advisor overseeing approximately $50 billion in client assets and was part of John Hancock, a division of Manulife Financial Corporation.
The Signator advisors who joined Royal Alliance will benefit from being part of an organization that is 100% focused on serving the independent model. Signator's advisors also have access to Royal Alliance's industry-leading technology, holistic wealth management solutions, comprehensive marketing services, and broad-based business building support.
"We're pleased to announce the successful close of this acquisition and are excited to welcome our new advisors into the Royal Alliance family," said Dmitry Goldin, president and CEO of Royal Alliance. "We are thrilled that 1,860 advisors, representing 93% of Signator's AUA, decided to join Royal. Our value proposition truly resonated with them, and we look forward to offering them the systems, tools, and resources they need to be successful and grow their businesses."
The closure of this acquisition follows a successful recruiting year for Royal Alliance, which saw the addition of 172 advisors with a collective $3 billion in AUA join the firm. Royal Alliances' parent company, Advisor Group, also achieved double-digit growth last year in both revenue and AUA as it introduced new products and services to help advisors continue to grow their businesses.
"This acquisition continues the momentum we saw in 2017 when we had our best recruiting year ever," said Jamie Price, president and CEO of Advisor Group. "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."
For media inquiries regarding this announcement, contact: advisorgroup@ficommpartners.com.
About Royal Alliance Associates, Inc. Royal Alliance Associates, Inc. is part of one of the nation's largest independent financial advisor networks and a Registered Investment Advisor, member FINRA and SIPC. Royal Alliance is supported by Advisor Group, one of the largest truly independent broker-dealer networks in the industry. The firm has more than 3,600 affiliated independent financial advisors and is headquartered in Jersey City. Royal Alliance was founded in 1969 and employs a client driven approach focused on meeting the unique demands of businesses and individuals. For more information visit http://www.royalalliance.com
About Advisor Group Advisor Group, Inc. is one of the nation's largest networks of independent financial advisors serving over 6,000 advisors and overseeing more than $200 billion in client assets. Headquartered in Phoenix, AZ, the firm is mission-driven to support the heroic role that advisors can play in the lives of their clients, offering securities and investment advisory services through its subsidiaries FSC Securities Corp., Royal Alliance Associates Inc., SagePoint Financial, Inc. and Woodbury Financial Services, Inc., as broker/dealers, registered investment advisors and members of FINRA and SIPC. Cultivating a spirit of entrepreneurship and independence, Advisor Group champions the enduring value of financial advisors and is committed to being in their corner every step of the way. For more information visit http://www.advisorgroup.com.
