StageAcquired | Acquired
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Latest Walnut Street Securities News
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.
Walnut Street Securities Frequently Asked Questions (FAQ)
Where is Walnut Street Securities's headquarters?
Walnut Street Securities's headquarters is located at 1095 Avenue of the Americas, New York.
What is Walnut Street Securities's latest funding round?
Walnut Street Securities's latest funding round is Acquired.
Who are the investors of Walnut Street Securities?
Investors of Walnut Street Securities include Cetera Financial Group.
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