Independent broker-dealer J.W. Cole Financial is acquiring San Diego-based Financial Advisers of America, a move that will increase its number of advisors by one-third.

The acquisition will add another 100 advisors to Tampa, Fla.-based J.W. Cole, giving it a national footprint with more than 400 independent advisors across the country, company officials announced Tuesday. Terms of the deal were not disclosed.

J.W. Cole officials said the acquisition gives it a new regional advantage and greater economies of scale for the firm and its advisors. J.W. Cole will maintain ihome offices in Tampa and San Diego to better support their advisors.

"While this transaction will enable J.W. Cole to add scale and resources, the most compelling factor that attracted us to pursue this opportunity was the culture and people that FAA has associated with its firm," J.W. Cole founding principal R.J. Wood said in a statement.

Jodi Johnson, CEO of Financial Advisers of America, said he agreed that both companies share the same corporate values and culture. "The value of our organization could not be realized if we had chosen to partner with a mega-firm or private equity roll-up option, because our rep segment of the marketplace wants to feel relevant, a part of the partnership, and not just a number to be packaged and sold."