On October 8, 2024, Cetera Financial Group announced an agreement to acquire Concourse Financial Group Securities, Inc.
Cetera Financial Group (“Cetera”) announced, on October 8, 2024, that it entered into an agreement to acquire Concourse Financial Group Securities, Inc. (“Concourse”), a subsidiary of Protective Life Corporation (“Protective”). The deal is expected to close in the first quarter of 2025, pending regulatory approval. Further terms of the deal were not disclosed.
Cetera, based in San Diego, California, is a financial advisory firm comprised of a network of independent retail firms. As of June 30, 2024, Cetera had $224 billion in assets under management.
Concourse, based in Birmingham, Alabama, is a registered broker-dealer and registered investment advisor that is Protective’s affiliated retail distribution system. Concourse managed approximately $4 billion in assets under management.
To read the press release: please click here.