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Arete Wealth to grow by over $1B with Center Street acquisition
New year brings expansion & opportunity to notable nationwide firms
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CHICAGO, Jan. 15, 2021 /PRNewswire/ Arete Wealth – an independent Broker-Dealer (BD), Registered Investment Advisor (RIA), and Insurance firm headquartered in Chicago – will acquire Center Street Securities in Q1 2021.
Center Street Securities is a Nashville-based securities broker-dealer with $1.04B in assets under management. Founded in 1990 as Elliott Financial Services, current CEO Jack (JR) Thacker purchased the firm in 2007, renamed it Center Street Securities, and grew the firm to 100 financial advisors by 2009.
Heading into 2021 following the formal acquisition, Arete Wealth will have $5.5B of assets under management and 265 registered representatives nationwide, a 75% increase in reps. The deal will grow Arete Wealth s revenue by 40%. ....

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