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US Broker Expands Wealth Management Network With Acquisition
US electronic broker, E*Trade Financial is buying Retirement Advisors of America, a Dallas Texas-based registered investment advisor managin...
US electronic broker, E*Trade Financial is buying Retirement Advisors of America, a Dallas Texas-based registered investment advisor managing over $1 billion in assets and nearly 1,300 high value client relationships. The acquisition is planned to strengthen E*Trade Financial’s regional advisor strategy, which delivers localised wealth management services and advice to retail and corporate clients with a minimum of $250,000 in assets. RAA will join the E*Trade Financial Wealth Management network of Howard Capital Management (Los Angeles and New York), Kobren Insight Management (Boston) and the investment advisor group of Harrisdirect, which together have nearly $3 billion in assets under management.
