Broker-dealers: Firms that have shuttered since 2010

More than 2,500 reps have been displaced as private placements have wreaked havoc on more than a dozen B-Ds

Jun 1, 2011 @ 3:22 pm

  
Firm Story date (click to read full story) Estimated reps (as of story date)
MCL Financial June 15, 2011 44
WFP Securities June 3, 2011 48
Omni Brokerage Inc. June 1, 2011 50
Securities Network Inc. May 24, 2011 N/A
Ensemble Financial Services Inc.* Feb. 24, 2011 85
QA3 Financial Corp. Feb. 11, 2011 400
Brewer Financial Services Inc. Nov. 1, 2010 87
United Equity Securities LLC Aug. 12, 2010 60
Great American Advisors Inc. July 12, 2010 500
Chicago Investment Group June 28, 2010 90
Jesup & Lamont June 21, 2010 300
Cullum & Burks Securities Inc. June 16, 2010 100
GunnAllen Financial Inc. June 14, 2010 400
Okoboji Financial Services Inc. May 28, 2010 20
MICG Investment Management LLC May 12, 2010 40
AFA Financial Group LLC Apr. 30, 2010 100
Nationwide Securities LLC Apr. 1, 2010 200
Provident Asset Management LLC Mar. 18, 2010 50
  Total 2,574
N/A=not available *Only B-D operations will be shuttered. RIA unit will remain open

Featured video

Events

Ron Carson explains the origins of 'Ronsense'

To take his message to the masses, Ron Carson has launched a "Ronsense," a web series on Twitter that features some of his pearls of wisdom. Learn about how it all started.

Video Spotlight

The Search for Income

Sponsored by PGIM Investments

Recommended Video

Path to growth

Latest news & opinion

T. Rowe Price steps up its game to serve financial advisers

The Baltimore-based mutual fund giant is more aggressively targeting financial advisers with a beefed-up wholesale crew and placement on custodial platforms.

The most important tax changes for 2018

The Internal Revenue Service issued inflation adjustments to more than 50 tax provisions for 2018.

Shift to Roth 401(k)s 'highly likely' part of tax reform: former Treasury official Mark Iwry

Mandated contributions to Roth accounts would likely only be partial, as opposed to having a full repeal of pre-tax accounts.

E*Trade acquiring custodian Trust Company of America

Discount broker buying second-tier custodian for $275 million.

Another thousand Dow points higher, and investors yawn

Market milestones keep falling like dominoes, with 51 records broken so far this year.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print