COR Securities Holdings, part of a Santa Monica, Calif.-based private equity firm, has bought Legent Clearing, a settlement and clearing firm in Omaha, Neb.
The deal boosts Legent’s equity capitalization by $20 million, initially, the company announced. The firm, which has a network of about 75 broker-dealer correspondents, expects to improve and expand its product and service offerings to those clients, Legent’s CEO Christopher Frankel said in a statement.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access