Filed Under:Annuities, Variable

Securities America buys BD assets from Kansas City Life

Sunset Financial acquisition expected to add 268 reps with $2.4 billion in client assets
Sunset Financial acquisition expected to add 268 reps with $2.4 billion in client assets

Securities America announced Monday a definitive agreement to acquire certain assets of Sunset Financial Services Inc., a full-service broker-dealer, from Kansas City Life Insurance Co. (KCLI).

The deal is expected to add 268 registered representatives in 48 states plus the District of Columbia, approximately $18 million in annual gross revenue and $2.4 billion in client assets to Securities America. It is expected to close by year end.

Originally published on ThinkAdvisor. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Nichole Morford

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