Monday, February 19, 2018
Business

J.W. Cole Financial buys San Diego firm

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.

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