Progressive Asset Management of Oakland, Calif., has agreed to buy the brokerage firm GunnAllen of Tampa, Fla., according to published reports.

The price of the deal was not disclosed and calls to the companies were not returned. It was not clear if the deal would include GunnAllen's broker-dealer.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.