Cetera to pick up select Foresters Financial broker dealer assets
Cetera said April 9 that it agreed to buy select assets of Foresters Financial's U.S. broker dealer and advisory business. Financial terms weren’t announced. As part of the deal, Cetera will invite Foresters roughly 500 advisors to join them. Cetera also has the option to assume the leases of more than 40 branch office locations throughout the United States, as well as make offers to some employees of the brokerage and advisory business. Cetera is backed by Genstar Capital.
10 April 2019•4 mins read
