Sterne Agee Financial Services, a US-based financial services firm, has agreed to acquire WRP Investments.
Following the acquisition, WRP Investments will become a part of the Sterne Agee financial network.
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As part of the deal, Sterne Agee will offer additional resources, research and support for WRP independent advisors to provide better service to their clients.
David Pintaric, CEO of WRP Investments, said: "Combining forces with them allows us to offer state-of-the-art technology and industry-leading services to the people we serve, while allowing WRP to remain WRP."
Jay Carter, CEO of Sterne Agee Financial Services, said: "Not only will this be a great addition to Sterne Agee but also a win for the Pintaric family, the WRP family and, most importantly, the clients we will serve together."
Sterne Agee now manages over US$23 billion in client assets, and employs more than 1,600 financial professionals in 70 offices across 20 states. WRP Investments, founded in 1976, offers advice through more than 350 independent advisors to clients in the mid-west and northeast.
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