Cetera Financial Group Acquires Concourse Financial Group Securities (CFGS) from Protective Life
February 26, 2025
Cetera Financial Group completed an asset acquisition of Concourse Financial Group Securities, Inc. (CFGS), a subsidiary of Protective Life Corporation. Approximately 350 financial professionals and more than $12 billion in assets under administration ($4 billion AUM) transitioned to Cetera Wealth Partners as part of Protective's divestiture to focus on its core insurance business.
- Buyers
- Cetera Financial Group
- Targets
- Concourse Financial Group Securities, Inc.
- Sellers
- Protective Life Corporation
- Industry
- Financial Services
- Location
- Alabama, United States
- Transaction Type
- Divestiture
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