M and A
John Hancock Completes Acquisition Of Symetra Investment Services

John Hancock
has completed its acquisition of Bellevue, WA-based
Symetra Investment Services from Symetra Financial Corporation.
Symetra Investment Services, a dual registered
broker-dealer and registered investment advisor, is now part of
John Hancock
Financial Network, which has 1,600 registered representatives
through its broker-dealer and investment advisor, Signator
Investors.
Symetra, which had some 250 registered
representatives at close, will use the name Signator Financial
Services.
"Given Symetra's current product lineup, SIS is no longer a
good
strategic fit for us as a distribution channel. John Hancock
Financial
Network will offer many advantages to SIS advisors, allowing them
to
thrive with greater scale and resources for clients as well as
business
development support," Tom Marra, president and chief executive of
Symetra Financial Corporation, previously said.
John Hancock Financial is a division of Manulife Financial,
the Canada-based financial services group which has primary
operations in Asia, Canada and the US.