Atria Wealth Solutions is set to buy SCF Securities in a transaction that should close in the first half of 2021. SCF serves about 150 independent financial professionals from its base in Fresno, California, and includes SCF Securities, SCF Investment Advisors and SCF Marketing.
SCF will become the sixth broker-dealer Atria has acquired since 2017, joining these subsidiaries:
- Western International Securities
- NEXT Financial Group
- Cadaret, Grant & Co.
- CUSO Financial Services
- Sorrento Pacific Financial
Upon the SCF closing, Atria’s subsidiaries will represent a total of over 2,500 financial professionals with some $95 billion in assets under administration.