Reverence PE bought advisors group in 2019 which is a conglomerate of asset management firms that were bought out one by one. Then, Reverence bought a distribution arm with FAs. It doesn’t make sense to maintain WFAM as a stand alone. They will merge it with advisors group to get the efficiencies.
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Ummm....no. WFAM is a completely different business than advisors. Different products, different clients