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This blog is written by Robert H. Rex, Esq. who is a securities attorney and a passionate advocate for investors rights. With over 30 years of legal experience, 25 of which have dealt almost exclusively with the recovery of stockmarket and investment losses for mostly elderly clients, he and his... More
My company:
Rex Securities Law
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Rex Investment Loss Recovery Blog
  • Cetera Continues Expansion With Purchase Of Walnut Street And Tower Square Brokerage Firms 0 comments
    Apr 5, 2013 12:59 PM

    Cetera Financial Group announced April 5, 2013, that they are purchasing two independent broker dealers, Tower Square Securities and Walnut Street Securities, from MetLife Inc. Cetera Financial Group currently includes:

    • Cetera Advisors Network (formerly Financial Network Investment Corp.)
    • Cetera Financial Institutions (formerly PrimeVest Financial Services)
    • Cetera Financial Specialists (formerly Genworth Financial)

    The acquisition of Walnut Street and Tower Square will bring another 800 financial advisors to Cetera , for a total of over 7000, and is a continuation of Cetera's expansion efforts. Cetera Financial Group will have over $130 billion in client assets following the merger of Walnut Street and Tower Square into Cetera Advisors Network.

    Cetera began its independent broker dealer venture in 2010 by purchasing several broker dealers from ING, the Dutch insurer and last year acquired Genworth Financial Investment Services, now called Cetera Financial Specialists.

    MetLife will still be in the independent broker-dealer industry with its two other broker-dealers MetLife Securities, Inc. and New England Securities, Inc.

    Rex Securities Law is a securities fraud , stockbroker negligence law firm that has been helping individual investors recover investment losses for 25 years. If you think you are the victim of securities fraud or if you believe you were sold an unsuitable investment, contact us for a no charge consultation to discuss your legal rights. You may be able to recover some or all of your losses through FINRA arbitration. See this for more information on FINRA arbitration.

    Rex Securities Law

    561 391 1900

    If you prefer, submit your information or question on this form and we will get back to you .

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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