Broker Check

Advisor Group Buys Signator Investors

Advisor Group just announced a big purchase.

The network of independent broker-dealers will acquire Signator Investors, which has more than 1,800 financial professionals overseeing about $50 billion in assets, from John Hancock.

Advisor Group will merge Signator into Royal Alliance Associates, one of its four existing independent firms, according to a news release.

Read more on Barrons