September 16, 2016
Cetera to Sell Legend Group to Lincoln Investment
Cetera to Sell Legend Group to Lincoln Investment The deal allows Cetera to exit a business it says is not core to its future growth plans SEPTEMBER 14, 2016 | By …

Read more

Cetera to Sell Legend Group to Lincoln Investment

The deal allows Cetera to exit a business it says is not core to its future growth plans

SEPTEMBER 14, 2016 | By Janet Levaux | ThinkAdvisor

Cetera Financial Group said it has struck a deal to sell Legend Group, a broker-dealer with about 350 advisors and $6 billion in assets, to Lincoln Investment Capital.

Legend focuses on clients with 403(b) plans—retirement plans for teachers and other non-profit employees. It is based in Palm Beach Gardens, Fla. Terms of the deal were not announced.

“As publicly disclosed earlier this year, our exploration of a potential sale of the Legend Group was guided by our plan to exit businesses that were not core to our future growth plans, combined with our commitment to identify a transaction opportunity with a company that understands and supports the Legend Group’s unique strengths in the 403(b) plan space,” said Cetera CEO Robert Moore in an interview.

Article Located Here

Recent

4 Tips To Improve Your Banner Ads

4 Tips To Improve Your Banner Ads

The first step to improving your banner ads is to craft a compelling advertisement. Too often, alternative investment firms simply feature their logo and tagline, expecting viewers to click through.

Most Popular

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…
Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Explore

Blue Vault Logo
Don’t miss alts news
and educational events

Subscribe Now