New York-based wealth management holding company Atria Wealth Solutions has struck a deal to acquire independent broker-dealer Western International Securities Inc., a Pasadena, Calif., firm serving 400 advisors and overseeing $13 billion in assets under administration.
This is Atria’s fifth acquisition since 2017. Atria’s existing platform of four broker-dealer subsidiaries supports nearly 2,000 financial advisors with more than $65 billion of assets under administration.
Western International, according to the companies’ press release announcing the acquisition, “serves independent financial advisors in a variety of models including affiliation through a turnkey branch solution that offers professional office space, integrated technology and dedicated support staff.”
The California firm was founded in 1995 and lists on its website clearing relationships with National Financial Services (a Fidelity affiliate) and Pershing. “Through these relationships, our representatives have access to a full array of products and services as well as advanced trading capabilities, block trading, fixed-income desks and managed account programs,” Western International says on its website.