Allison Bell writes in ThinkAdvisor that RetireOne has acquired the EF Legacy Securities broker-dealer from Ric Edelman’s company, Edelman Financial Engines. She notes that the Sunnyvale California-based Registered Investment Advisor sold only the broker-dealer, which was formerly based in Henrico, Virginia.
The broker-dealer purchase bolster’s RetireOne’s insurance and annuity back office capabilities, and better positions the company to assist former broker-dealer registered reps who are transitioning from commission-based to fee-based practices.
