Following the completion of the transaction, the acquired broker-dealer will operate as a wholly owned subsidiary under the name of WJ Bradley Financial Services (WJBFS).
The acquirer said that direct access to capital markets will drive price and product advantages for its origination business in the region.
Commenting on the acquisition, William J Bradley founder and CEO W J Bradley, said, "Through WJBFS, we add new levels of efficiency to our mortgage operation and best position the firm to take advantage of coming opportunities in the market."
Kent Usell has been named as the president of WJBFS, who was most recently working as managing director of Banc of Manhattan Capital and prior to that he served as senior vice president of ARM trading for Countrywide Securities.
Established in 2002 and headquartered in Centennial, Colorado, WJ Bradley Mortgage Capital has centralized fulfillment operations in Salt Lake City, Utah, and the firm originated over $6.4bn in residential home loans in 2012.
