October 31, 2012
--- First Allied Holdings Inc. acquired
The Legend Group. ---
will bring its investment services and retirement planning solutions to First
Allied, and The Legend Group of companies will operate as an independent
business unit under the First Allied umbrella.
companies will seek to explore synergies within the organization, which as a
result will likely expand services and programs offered to advisers and
clients. The combined entities will have nearly 1,400 advisers and $28 billion
in assets under administration. The transaction is expected to close in
the first quarter of 2013.
decades, we have prided ourselves on providing premium services and support,
and we believe this transaction will further enhance our ability to deliver
premier solutions to our advisers and their clients,” said Mark Spinello, Legend’s
CEO. “Joining First Allied aligns us with a partner company that shares our
independent roots and our business goals.”