M&A Deal Summary

Cetera Acquires Foresters Financial - U.S. Brokerage & Investment Advisory Business

On April 9, 2019, Cetera acquired financial services company Foresters Financial - U.S. Brokerage & Investment Advisory Business from Foresters Financial

Acquisition Highlights
  • This is Cetera’s 2nd transaction in the Financial Services sector.
  • This is Cetera’s 1st transaction in Canada.
  • This is Cetera’s 1st transaction in Ontario.

M&A Deal Summary
Date 2019-04-09
Target Foresters Financial - U.S. Brokerage & Investment Advisory Business
Sector Financial Services
Buyer(s) Cetera
Sellers(s) Foresters Financial
Deal Type Divestiture

Target

Foresters Financial - U.S. Brokerage & Investment Advisory Business

Toronto, Ontario, Canada
Foresters Financial - U.S. Brokerage & Investment Advisory Business offers to a substantial portion of the employees of the brokerage and advisory business, who will be expected to continue to play key roles in the growth of the business and support of its advisors.

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Buyer(S) 1

Buyer

Cetera

El Segundo, California, United States
Category Company
Founded 2010
Sector Financial Services
DESCRIPTION

Cetera is a network of independent firms empowering the delivery of professional financial advice to individuals, families and company retirement plans across the country through trusted financial advisors and financial institutions. Cetera was founded in 2010 and is based in El Segundo, California.

DEAL STATS #
Overall 2 of 7
Sector (Financial Services) 2 of 7
Type (Divestiture) 1 of 2
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-12 Genworth Financial Investment Services

United States

Genworth Financial Investment Services is a tax and accounting financial adviser.

Buy $79M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-13 BAR Financial

Concord, California, United States

BAR Financial LLC is an independently owned and managed financial services firm leveraging extensive and longstanding frontline experience helping financial advisors and institutions achieve their vision of success. BAR Financial was founded in 1988 and is based in Concord, California.

Buy -

Seller(S) 1

SELLER

Foresters Financial

Toronto, Ontario, Canada
Category Company
Founded 1874
Sector Financial Services
DESCRIPTION

Foresters Financial has been providing socially responsible financial services to individuals and families. Foresters Financial includes The Independent Order of Foresters, the oldest non-denominational fraternal benefit society. Foresters is a purpose-driven organization that exists to enrich family and community well-being and offers insurance products to over three million members and clients in Canada, the US and the U.K.

DEAL STATS #
Overall 2 of 3
Sector (Financial Services) 2 of 2
Type (Divestiture) 2 of 3
State (Ontario) 2 of 2
Country (Canada) 2 of 2
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-09 Foresters Financial - Mutual Fund Management Business

Toronto, Ontario, Canada

Foresters Financial - Mutual Fund Management Business is a provider of mutual fund management services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-17 Foresters Life Insurance and Annuity

Edison, New Jersey, United States

Foresters Life Insurance and Annuity Co. (FLIAC) is a provider of life insurance and annuity products with 112,000 policyholders throughout the US and $11.9 billion of life insurance in force and $2.5 billion in assets.

Sell -
Mergr

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