First Allied Securities, one of the industry’s largest independent broker-dealers, is spinning off from its parent, Chicago-based Advanced Equities.

The San Diego-based firm’s senior leadership team will execute a buyout of First Allied and its affiliated companies, in a deal backed by Lovell Minnick Partners, according to industry sources familiar with the situation.

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

Don't have an account? Register for Free Unlimited Access