E*TRADE FINANCIAL Corporation has completed the acquisition of Massachusetts-based registered investment advisor Kobren Insight Management.
The acquisition advances E*TRADE FINANCIAL’s regional advisor strategy, offering personalized wealth management services to its retail customers. “The growth of our wealth management business extends our ability to provide customers with the complete support they are demanding to address their varied financial needs,” said R. Jarrett Lilien, President and Chief Operating Officer, E*TRADE FINANCIAL Corporation. “As the needs of our customer base have expanded, so has our portfolio of financial solutions. Today’s E*TRADE FINANCIAL customer wants the option of being self-directed, at times seeking validation through online tools and information along with the opportunity to be advised by professional wealth managers. We are building our business to provide each level of support to our customers as they need it.”