Cetera Financial Group, a network of independent broker-dealer firms, has closed the sale of Legend Group Holdings to Lincoln Investment Capital Holdings.

Legend includes an independent broker-dealer and registered investment adviser focused on the delivery of professional guidance by financial advisers to 403(b) plans.

Under the deal, announced in September 2016, Lincoln will acquire the common interests and assets of Legend.

The independent financial advisers supported by Legend will move to Lincoln but continue to use Legend Group brand.

Lincoln Investment president and CEO Ed Forst said: "We're very excited to complete this transaction, which reinforces Lincoln Investment's leadership position in the market for retirement plan advice. 

“We welcome The Legend Group's financial advisors to the Lincoln Investment community, and we look forward to supporting them in growing their businesses by effectively providing the professional advice their mass affluent and high net worth clients need."

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By GlobalData