PrimeVest Financial Services Inc. a broker-dealer with credit union clients, is one of three firms that was acquired by Lightyear Capital LLC, a private equity firm, from ING.
The St. Cloud, Minn.-based PrimeVest serves nearly 600 financial institutions including credit unions. Lightyear has also completed the acquisition of Financial Network Investment Corp. in El Segundo, Calif. and Multi-Financial Securities Corp in Denver.
The broker-dealers will be rebranded with the new corporate name, Cetera Financial Group. Financial Network, Multi-Financial, and PrimeVest are three of the four broker-dealers that
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