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Advanced Equities Completes Acquisition of the First Allied Securities Unit of Wells Fargo.


CHICAGO -- Advanced Equities Financial Corp. ("Advanced Equities") announced today that it has completed its previously announced acquisition of FAS Holdings, Inc. and First Allied Securities, Inc. from Wells Fargo Wells Fargo

armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147]

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Wells Fargo

company that handled express service to western states; often robbed. [Am. Hist.
 & Company (NYSE NYSE

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:WFC WFC Wi-Fi Connection (Nintendo gaming service)
WFC Wide-Field Camera
WFC World Financial Center (New York)
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WFC World Food Council
).

First Allied is a leading provider of full-service brokerage and investment services to retail clients through independent-contractor financial consultants and broker/dealers. First Allied is now being operated as a separate broker-dealer within its Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject.
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 Group, which already includes Round Hill Securities, Inc., a California-based independent broker-dealer. Advanced Equities is actively seeking additional acquisition candidates to integrate into its Financial Services Group and expects to conclude other acquisitions during the year.

Advanced Equities Financial Corp. is a progressive full-service broker-dealer and venture capital investment bank. Advanced Equities' Financial Services Group is one of the 20 largest independent brokerage firms in the U.S., with approximately 600 financial advisors providing retail brokerage services from over 200 domestic branch locations and over $14 billion in client assets. Advanced Equities' Capital Markets Group is a leading provider of late stage private equity financing Equity Financing

The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation.
 and other investment banking services to emerging technology companies.
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Publication:Business Wire
Date:Feb 1, 2005
Words:182
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