(Bloomberg) -- John Hancock Financial Network, a U.S. unit of Canada’s Manulife Financial Corp., agreed to buy assets from the Transamerica broker-dealer subsidiary in a deal that will add as many as 1,100 advisors.
The advisors work at about 50 firms and will become affiliated with John Hancock’s Signator Investors, the buyer said in a statement Tuesday that didn’t disclose terms.
The deal is expected to be completed within six months, according to the statement, and about 90 other employees who support the Transamerica operation will also join John Hancock.
Recommended For You
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
