Lack of scale, an aggressive buyer -- what prompted the most recent big acquisition in the wealth management industry as a major securities firm snaps up a $2 billion RIA?
Indiana, Pa.-based financial holding company First Commonwealth Financial has agreed to sell its RIA firm, First Commonwealth Financial Advisors, to Cantor Fitzgerald Wealth Partners, an affiliate of the major New York-based securities firm Cantor Fitzgerald & Co, the firms announced Thursday.
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