The resulting entity is likely to retain the Transamerica Financial Advisors name
Los Angeles-based Transamerica Financial Advisors (TFA) has merged with its St. Petersburg, Florida-based affiliate, InterSecurities (ISI).
The resulting entity is an independent broker/dealer with headquarters in St. Petersburg, Florida, and a West Coast office in Los Angeles, California. It is expected to retain the Transamerica Financial Advisors name.
Seth Miller, president of Transamerica Financial Advisors, said: “We are committed to the independent broker/dealer distribution channel, and by leveraging a combined back-office and the very best attributes of both entities, the consolidated TFA is an even stronger and more competitive financial services firm.”
The registered representatives affiliated with the consolidated broker/dealer will continue to be independent, when it comes to product offerings and continued access to the field technology and support.
Transamerica Financial Advisors is a full-service, broker/dealer member of FINRA, and a federally registered Investment Advisor. It is an AEGON company, the Netherlands-based life insurance, pension and investment organisation.