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FINANCIAL | Insurance
walnutstreet.com

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Acquired | Acquired

About Walnut Street Securities

Walnut Street Securities is an independent broker dealer affiliate of MetLife.

Walnut Street Securities Headquarter Location

1095 Avenue of the Americas

New York, New York, 10036,

United States

Latest Walnut Street Securities News

Cetera Financial Buys Tower Square and Walnut Street Securities

Apr 5, 2013

The targets are both New York-based broker-dealers By ALLISON COLLINS Tweet Cetera Financial Group is buying Tower Square Securities Inc. and Walnut Street Securities from MetLife Inc. Together, the companies had about $25 billion in assets at the end of 2012. Tower Square and Walnut Street are both broker-dealers based in New York. Terms of the deal were not disclosed. Cetera, also a broker-dealer, provides wealth management and advisory services to financial professionals and institutions. After the deal closes, the company will have more than $130 billion in total client assets. The firms will become part of Cetera Advisor Networks, which provides support to advisers. Sandler O’Neill & Partners LP was MetLife’s financial adviser on the deal. Partners R. Alec Dawson, Sheryl Orr and John Ayanian of Morgan Lewis & Bockius LLP served as MetLife’s legal counsel on the deal. Partners B. Scott Burton and Douglas Leary Sutherland of Asbill & Brennan LLP provided legal advice to Cetera.   

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