Cetera to acquire Concourse Financial Group Securities from Protective Life.

Cetera, the premier financial advisor Wealth Hub, agreed to acquire Concourse Financial Group Securities, a retail distribution system, dually registered broker-dealer and registered investment advisor, from Protective Life, a financial service holding company in Birmingham, Alabama. Financial terms were not disclosed. "Cetera has a proven track record of acquiring and successfully integrating independent broker-dealers affiliated with insurance organizations, and Concourse Financial Group Securities represents a tremendous opportunity in today's rapidly consolidating market. This transaction will enable us to strategically align the CFGS team within the existing Cetera Wealth Partners community while increasing Cetera's scale and creating new opportunities for growth for CFGS advisors," Mike Durbin, Cetera Holdings CEO.