Tampa-based financial adviser J.W. Cole Financial said Wednesday it has closed on the acquisition of San Diego-based Financial Advisers of America, a deal that unites about 450 independent advisers nationwide.
Terms of the deal were not disclosed. However, together the companies are projected to have about $100 million in revenues this year.
The combined firm, with about $10 billion in client assets under management, will maintain home offices in both Tampa and San Diego. Beyond its adviser network, the firm has 47 employees.