John Hancock Agrees to Buy Symetra Investment (SYA)
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John Hancock, a unit of Manulife Financial Corporation (MFC), today announced it has agreed to acquire Bellevue, Wash.-based Symetra Investment Services (SIS) from Symetra Financial Corporation (NYSE: SYA). It is anticipated that the transaction will close in three to six months, subject to regulatory approvals. Terms were not disclosed.
Symetra Investment Services, Inc., a dual registered broker-dealer/investment advisor firm with approximately 280 registered representatives, would become affiliated with John Hancock Financial Network (JHFN). JHFN currently has 1,600 registered representatives through its current dual registered broker-dealer/investment advisor, Signator Investors, Inc.
Advisors affiliated with JHFN have access to support for financial planning; an integrated technology platform; defined contribution resources; a dedicated practice management team; a marketing portal providing turn-key programs with compliance-ready, customizable templates; an annual practice advancement conference; a top producer program and an industry-leading equity and succession program. JHFN advisors are able to brand with a unique name or as a member of John Hancock Financial Network but remain backed by the financial strength and stability of John Hancock, a highly rated financial services company.
Symetra Investment Services, Inc., a dual registered broker-dealer/investment advisor firm with approximately 280 registered representatives, would become affiliated with John Hancock Financial Network (JHFN). JHFN currently has 1,600 registered representatives through its current dual registered broker-dealer/investment advisor, Signator Investors, Inc.
Advisors affiliated with JHFN have access to support for financial planning; an integrated technology platform; defined contribution resources; a dedicated practice management team; a marketing portal providing turn-key programs with compliance-ready, customizable templates; an annual practice advancement conference; a top producer program and an industry-leading equity and succession program. JHFN advisors are able to brand with a unique name or as a member of John Hancock Financial Network but remain backed by the financial strength and stability of John Hancock, a highly rated financial services company.
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