Wealth management solutions holding company Atria Wealth Solutions has successfully closed the acquisition of Western International Securities, Inc.
With the close of the WIS acquisition, Atria now serves nearly 2,500 advisers with approximately USD75 billion of assets under administration (AUA) across five broker-dealers. The addition of WIS provides independent advisors increased optionality in how they manage their businesses with an expanded set of solutions needed to best serve their clients. WIS, an independent broker-dealer based in Pasadena, CA, brings over 400 independent financial advisors with USD11 billion of AUA to Atria.
“The acquisition of WIS is another step forward for our firm, our clients and the financial industry at large. The intensely rapid and evolving wealth management landscape is forcing firms to rethink their value proposition and offer greater expertise and choice to their clients,” said Doug Ketterer, CEO and founding partner of Atria. “Combining WIS’ unique affiliation models and strategic partnerships with Atria’s resources, technology and content creates more choice and an unparalleled experience for all current and future advisors. We are very excited to welcome all of the advisors and employees of WIS and look forward to our bright future together.”