Arete Wealth Acquires Center Street Securities
March 31, 2021
Arete Wealth, a Chicago-based independent broker-dealer, registered investment advisor and insurance firm, completed its stock purchase acquisition of Center Street Securities, a Nashville-based broker-dealer and registered investment advisor founded in 1990. The transaction expands Arete Wealth's product capabilities by adding publicly registered offerings for non-accredited investors and strengthens its alternative-investment and wealth-management scale; combined AUM post-close is $5.7 billion with 265 registered representatives and 100 offices.
- Buyers
- Arete Wealth
- Targets
- Center Street Securities
- Industry
- Financial Services
- Location
- Tennessee, United States
- Transaction Type
- Buyout
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