Atria Wealth Solutions Acquires NEXT Financial Group, Inc.
January 8, 2019
Atria Wealth Solutions agreed to acquire 100% of NEXT Financial Group, Inc. (and its sister companies Next Financial Insurance Services Company and Visionary Asset Management, Inc.), bringing roughly 500 advisors and about $13 billion in AUA into Atria's platform. The deal expands Atria's footprint in the independent advisor channel and will increase Atria's total advisors served to nearly 2,000 and AUA to approximately $65 billion upon closing.
- Buyers
- Atria Wealth Solutions, Inc.
- Targets
- NEXT Financial Group, Inc., Next Financial Insurance Services Company, Visionary Asset Management, Inc.
- Industry
- Financial Services
- Location
- Texas, United States
- Transaction Type
- Buyout
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