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Advisor Group rolls with another B-D acquisition

Advisor Group acquisition

The deal for American Portfolios Financial Services Inc., a New York independent broker-dealer, brings Advisor Group 850 advisers who oversee close to $40 billion in client assets.

Building on its recent acquisitions, Advisor Group said Wednesday that it had agreed to buy American Portfolios Financial Services Inc., a large independent broker-dealer based in Long Island, New York.

Terms of the deal, which is subject to regulatory approval, were not disclosed. Upon complet

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