Lovell Minnick Acquires First Allied

August 22, 2011

On August 22, 2011 Lovell Minnick Partners announced an agreement to acquire independent financial services firm First Allied from Advanced Equities Financial Corp.  Based in San Diego, California, First Allied includes the broker/dealer, registered investment advisor, wealth management, insurance services and pension services businesses of Advanced Equities Financial Corp.  After the transaction, First Allied will operate independently under the First Allied brand.  Lovell Minnick is a private equity firm specializing in the financial services industry.  The transaction, which is subject to customary regulatory approvals, is expected to close in the fourth quarter of 2011.

To read the press release, please click here.


Investment Manager M&A, Private Equity M&A, Transactions