CUSO, Sorrento Pacific to be purchased by private equity-backed company

Financial Planning

August 3, 2017

CUSO Financial Services and its sister company Sorrento Pacific Financial have agreed to be bought by Atria Wealth Solutions, a newly formed wealth management services holding company backed by a private equity firm.

Atria will buy out the limited partners of the two third-party broker-dealers, changing them from partnerships to subsidiaries of a holding company, according to CUSO’s announcement.

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