Thurston Springer acquires Florida financial services firm
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Indianapolis-based Thurston Springer Financial this week announced an agreement to acquire Peak Reps LLC, headquartered in Jupiter, Florida, and its three subsidiaries. Financial terms of the deal are not being disclosed.
Peak Reps is the holding company for independent broker-dealer Peak Brokerage Services, registered investment advisor Blackridge Asset Management, and insurance support organization Top Advisors Group.
“Peak Reps has built a remarkable organization focused on providing their advisors with a high touch service model, a collaborative marketing environment and a diversified platform,” Thurston Springer CEO Rick Parker said. “Our goal is to assist Peak Reps continued growth through enhanced technology, dedicated fixed-income trading, service expansion and scale.”
Peak Reps employs about 120 financial advisors, and Thurston Springer did not indicate that any jobs would be negatively affected by the acquisition.
Peak Reps CEO Regina Rudnick will remain with the firm as co-president and head of advisor experience, Thurston Springer said in a news release.
“We are appreciative that Thurston Springer sees value in who we are, and I am confident our association with them will further our cause,” Rudnick said. “The similarities in our culture, priorities and philosophy make for an impactful partnership going forward.”
Thurston Springer said once the deal is complete, Peak Reps will continue to operate as a separate subsidiary. Peak Brokerage Services, Blackridge Asset Management, and Top Advisors Group will remain individually registered entities.