IRVING, Tex. - Financial and tax advisory firm H.D. Vest Inc. said Wednesday that its shareholders had approved the company's sale to Wells Fargo & Co.
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The transaction still needs regulatory approval and is expected to be completed in late June or early July. H.D. Vest shareholders approved the offer at a May 22 meeting.
In March, San Francisco-based Wells Fargo announced that it would buy the Irving, Tex., firm for $127.5 million. The deal would give Wells a network of 6,000 independent contractors to offer tax and financial advice under the H.D. Vest name.
