Advanced Equities Sells First Allied to Lovell Minnick
Lovell Minnick Partners is buying First Allied. The seller is Advanced Equities Financial Corp. Financial terms weren't announced. The deal is expected to close in fourth quarter. First Allied is a broker-dealer based in San Diego that has about 1,000 financial advisors. Lovell Minnick is a PE firm that targets financial services.
22 August 2011•4 mins read
