YOUNGSTOWN, Ohio & BIRMINGHAM, Ala.--(BUSINESS WIRE)--Sterne Agee Financial Services, Inc., a subsidiary of one of the oldest and largest privately owned financial services firms in the country, today announced it will acquire WRP Investments, Inc.
WRP Investments, Inc. is a Youngstown, Ohio based financial firm offering independent guidance and advice through over 350 independent advisors to clients primarily in the mid-west and northeast. WRP was founded in 1976 by William Richard Pintaric with the singular focus of serving his clients in a fashion superior to other independent advisory firms. WRP-affiliated independent advisors currently have access to an array of investment products and services, however, this new relationship with Sterne Agee Financial Services, Inc. will provide additional resources, research and support for WRP independent advisors to offer and better serve their clients.
“This is all about the future,” said David Pintaric, CEO of WRP Investments, Inc. “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, Inc. “Sterne Agee has maintained a tradition and culture of excellence for over 100 years, and it was exciting to find another firm that shares our values. This was one of those special opportunities where all parties are better served and better positioned for the future. Not only will this be a great addition to Sterne Agee but also a win for the Pintaric family, the WRP family and, most importantly, the clients we will serve together.”
About Sterne Agee
Founded in 1901, Birmingham, Alabama-based Sterne Agee is one of the oldest and largest privately owned financial services firms in the nation. The firm offers comprehensive financial services to a diverse client base, including corporations, municipalities and individual investors. Through its family of wholly owned subsidiaries, Sterne Agee manages over $23 billion in client assets, and employs more than 1,600 financial professionals in 70 offices across 20 states. Sterne Agee is the trade name used by certain affiliates of Sterne Agee Group, Inc., including Sterne Agee Financial Services, Inc., member of NYSE, FINRA and SIPC. Visit www.sterneagee.com.