Atria Closes Acquisition of Western International Securities

Wealth Management

May 20, 2020

Atria Wealth Solutions has closed on its acquisition of Western International Securities, a Pasadena, Calif.-based independent broker/dealer with over 400 advisors and $11 billion in client assets under administration, announced in November. The deal brings Atria’s total network to nearly 2,500 advisors and $75 billion in assets and adds what it calls a “turnkey branch” model to its platform.

Western International Securities is Atria’s fifth IBD acquisition since it was launched in August 2017 by former Morgan Stanley executive Doug Ketterer. The firm provides a flexible affiliation model, where advisors can join as independents or use its turnkey offering, where they’ll get help finding office space, choosing technology and hiring support staff.