Atria Wealth Solutions (Atria) has completed the takeover of Pasadena, California based independent broker-dealer Western International Securities (WIS).
The deal, whose financial details were not revealed, was announced in November last year.
WIS, the fifth broker-dealer snapped up by Atria since 2017, adds $11bn of AUA to Atria’s books.
The deal also adds more than 400 independent financial advisers to Atria, a New York-based wealth management solutions holding company.
Upon deal completion, Atria has AUA of around $75bn and caters to around 2,500 advisers.