Independent Broker-Dealers
January 29, 2012
Broker-dealer's parent gets its stock out of hock from a pawn shop
With financing as tight as ever for independent broker-dealers these days, one holding company, which owns an independent firm, took the unusual step of turning to a network of pawn shops to clean up its balance sheet. Capital Financial Holdings Inc. last fall signed a stock...
January 29, 2012
The comeback: Can brokers repeat original success?
A S F. SCOTT FITZGERALD once wrote, there are no second acts in American lives. Well, Mr. Fitzgerald didn't have the securities industry in mind. In fact, brokerage firms are filled with stories of second and third, and even fourth, attempts of brokers and executives striving to...
January 29, 2012
Keegan producers may find retention deals disappointing
Raymond James Financial Inc. won't offer Morgan Keegan & Co. Inc. financial advisers who produce less than $300,000 annually any retention packages to stay on, and the offers for the biggest-producing advisers may be substantially less than they could get from competitors, according to one ...
January 29, 2012
Business model cracked but not broken
For many, 2011 will be remembered as the year the broker-dealer model cracked. Scores of independent firms shut down, unable to keep up with rising legal and compliance expenses.
January 29, 2012
Insurance companies take a step back
IN THE 1990s, global insurance companies snatched up independent broker-dealers in a buying spree that reshaped the industry. American International Group Inc., ING Groep NV and American Express Financial Advisors (now Ameriprise Financial Inc.) were all big buyers, acquiring...
January 15, 2012
Cetera Financial strikes again, snagging B-D with 2,000 advisers
Cetera Financial Group continues to build its broker-dealer network, this time with plans to acquire an independent broker-dealer that focuses on tax and accounting. Cetera Financial said last Monday that it is acquiring Genworth Financial Investment Services Inc., which has nearly ...
January 8, 2012
Private-equity firm takes aim at small players in B-D space
Private-equity funds continue to show interest in small to midsize financial services firms — this time with such a buyer snapping up a small clearing firm and making a bid for a holding company for independent broker-dealers with a penny stock price. COR Securities Holdings ...
January 4, 2012
Private-equity firm's spending spree continues
COR Securities agrees to buy clearing firm, makes offer for holding company of two indie B-Ds
January 3, 2012
Insider: Morgan Keegan still waiting for new dance partner
Another week, another potential suitor of Morgan Keegan & Co. is reportedly out of the picture.
December 18, 2011
Darren Tedesco: Driving Commonwealth's 'intuitive' tech
No matter how you slice the data, Commonwealth Financial Network LLP comes out as one of the top independent broker-dealers in the nation — and a big part of that success has been its technology.
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