Transamerica IBD Merges with InterSecurities

Los Angeles-based Transamerica Financial Advisors, Inc. (TFA), completed its merger with its affiliate, St. Petersburg, Florida-based InterSecurities, Inc. (ISI).

The resulting entity is a full-service, independent broker/dealer with headquarters in St. Petersburg and a West Coast office in Los Angeles, according to a press release. It will keep the Transamerica Financial Advisors name.

“We are committed to the independent broker/dealer distribution channel, and by leveraging a combined back-office and the very best attributes of both entities, the consolidated TFA is an even stronger and more competitive financial services firm,” said Seth Miller, president of TFA.

The merged entity has more than 1,700 registered representatives and $16 billion in client accounts, the companies said.