Shrinking margins in the independent broker-dealer space have prompted another independent broker-dealer, Seattle-based Pacific West Financial Group, to close its doors.

In an announcement this week, the family-founded firm that went into business in 1972 also said it has signed a recruitment deal for its nearly 300 brokers with Denver, Colo.-based Multi-Financial Securities Corp, a full-service securities brokerage and subsidiary of Cetera Financial Group.

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