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John Hancock Completes Acquisition Of Symetra Investment Services

Eliane Chavagnon Deputy Editor - Family Wealth Report 2 October 2013

John Hancock Completes Acquisition Of Symetra Investment Services

John Hancock has completed its acquisition of Bellevue, WA-based Symetra Investment Services from Symetra Financial Corporation.

Symetra Investment Services, a dual registered broker-dealer and registered investment advisor, is now part of John Hancock Financial Network, which has 1,600 registered representatives through its broker-dealer and investment advisor, Signator Investors.

Symetra, which had some 250 registered representatives at close, will use the name Signator Financial Services.

"Given Symetra's current product lineup, SIS is no longer a good strategic fit for us as a distribution channel. John Hancock Financial Network will offer many advantages to SIS advisors, allowing them to thrive with greater scale and resources for clients as well as business development support," Tom Marra, president and chief executive of Symetra Financial Corporation, previously said.   

John Hancock Financial is a division of Manulife Financial, the Canada-based financial services group which has primary operations in Asia, Canada and the US.     

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