John Hancock, a unit of Manulife Financial, has completed the acquisition of Symetra Investment Services from Symetra Financial Corporation (SYA).
Symetra Investment Services (SIS), a dual registered broker-dealer/registered investment adviser, is now part of John Hancock Financial Network (JHFN), as a sister broker-dealer to Signator Investors.
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The group, which includes approximately 250 registered representatives at close, will use the name Signator Financial Services.
Brian Heapps, president of JHFN, said, "The acquisition went very smoothly and furthers our growth strategy. With this transaction closing, we are pleased to be adding a significant number of financial professionals to our national network."
JHFN vice president of Field Services Matt Rigatti added, "We are looking forward to providing Signator Financial Services the resources and support our national network offers advisors to help them provide the best service to their clients."
Terms were not disclosed.
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