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Sterne Agee Financial Acquires WRP Investments
YOUNGSTOWN, Ohio -- WRP Investments Inc. has been acquired by Sterne Agee Financial Services Inc. Terms were not disclosed.
The financial services firm is a subsidiary of Birmingham, Ala.-based Sterne Agee, one of the oldest and largest privately owned financial services firms in the nation. It was founded in 1901.
WRP Investments offers guidance and advice through more than 350 independent advisers to clients primarily in the Midwest and Northeast. WRP was founded in 1976 by William Richard Pintaric and his aim was “to serve his clients in a fashion superior to other independent advisory firms,” the announcement said.
Sterne Agee’s acquisition “will provide additional resources, research and support for WRP independent advisors to offer and better serve their clients,” the announcment said.
“This is all about the future,” said David Pintaric, CEO of WRP, in a prepared statement. “We really felt a connection with the Sterne Agee team from the very beginning. Combining forces with them allows us to offer state-of-the-art technology and industry-leading services to the people we serve while allowing WRP to remain WRP.”
“We quickly recognized the unique culture of WRP and the mutual benefits a partnership could create for both firms,” said Jay Carter, CEO of Sterne Agee Financial Services, in his statement. “This was one of those special opportunities where all parties are better served and better positioned for the future.”
Published by The Business Journal, Youngstown, Ohio.
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