Truebridge and American Brokerage Consultants Reach Merger Deal

By Edward B. Doong

Feb 19, 2013 05:31 AM EST

Big paper losses on mortgage-related securities are seen in large credit unions in North America (Photo : Reuters)

Finance services marketing firm Truebridge has announced its acquisition of American Brokerage Consultants of St. Petersburg, Florida.

Truebridge chief executive officer Stewart Rose made the announcement highlighting their aim to help credit unions and banks improve their ability when it comes to cross selling.

American Brokerage Consultant has been operated under Dick Ayotte, CEO, since 1987. Ayotte was one of those who originally developed the first securities broker-dealer, Invest Financial Corp., to offer retail investment services through banks in the U.S.

At Truebridge, Ayotte will be responsible for raising awareness about the use of innovating solutions in solving relevant challenges as well as identifying opportunities in the industry.

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