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February 5, 2008 | From Times Staff Reports
A Dallas-based securities firm is expected to announce today that it has agreed to acquire Beverly Hills-based investment firm M.L. Stern & Co. from a unit of Pacific Life Insurance Co. Terms of the proposed acquisition by publicly traded SWS Group Inc. weren't disclosed. Stern has 112 financial advisors serving wealthy clients. The firm also is known for advising municipal governments on their financing.
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BUSINESS
February 5, 2008 | From Times Staff Reports
A Dallas-based securities firm is expected to announce today that it has agreed to acquire Beverly Hills-based investment firm M.L. Stern & Co. from a unit of Pacific Life Insurance Co. Terms of the proposed acquisition by publicly traded SWS Group Inc. weren't disclosed. Stern has 112 financial advisors serving wealthy clients. The firm also is known for advising municipal governments on their financing.
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