ACA Group Announces Agreement to Acquire UMB Distribution Services, LLC
Summary
“We are thrilled to announce this acquisition, which is a pivotal moment in our journey to continue redefining the landscape of financial services. This strategic action underscores our commitment to innovation and positions us to better serve these clients with a comprehensive suite of compliance and technology solutions,” said Chris Lanza, Partner and Co-head of ACA Foreside. “We are excited about the opportunities this acquisition brings to our strategic growth vision alongside the ability to expand our market presence and deliver exceptional value to our clients and stakeholders,” shared Patrick Olson, Chief Executive Officer at ACA. ACA Foreside will be responsible for legal underwriting services, marketing material review, registered representative licensing and supervision, negotiating and maintaining broker-dealer selling agreements, and more. We are confident our clients will have a smooth and seamless transition for distribution services through both UMB’s and ACA Foreside’s continued focus on delivering best-in-class service.” Financial terms of the transaction were not disclosed.