The AIG Advisor Group has announced that one of its broker-dealers is picking up a wealth management firm with significant assets. AIG broker Royal Alliance Associates has added Rehmann Financial, which has $2.5 billion in client assets, according to Investment News.

Family Wealth Report was not able to confirm the report at the time of going to press. The financial size of the transaction was not disclosed in the report.

The acquisition marks Rehmann's second go-round with an AIG broker-dealer. The firm was affiliated with FSC Securities Corp. from 1996 through 2003, when it moved to Mutual Service Corp. The firm in 2007 joined Triad Advisors, where it has been affiliated until now.

Rehmann said it is the 40th-largest accounting, wealth management and business consulting firm in the country, with 16 offices and more than 600 associates in various fields. Thirty-eight advisors work with Rehmann, it said.