Subscribe

Osaic boosts cash flow in first half of 2023: Fitch

The improvement demonstrates that the giant broker-dealer network, which many believe will seek to go public in the next few years, is moving its cash flow in the right direction.

The broker-dealer network Osaic Holdings Inc. boosted an all-important profitability measure over the first half of the year by almost one-third, according to a recent analysis of the privately held firm.  

Osaic posted an EBITDA — earnings before interest, taxes, depreciation and amo

Subscribe or log in to read the rest of this content.

Related Topics: ,

Learn more about reprints and licensing for this article.

Recent Articles by Author

Trump Media’s banned accountant had 20 B-D clients

"These firms have to go back, hire a new accounting firm and restate financials," said one senior industry executive.

Valuations for B-Ds and RIAs soar. Can it last?

Deals by LPL underscore surge in price propelled by the ongoing movement to fee-based revenue from one-time commission charges.

Barred Texas broker sold GPB fund without a license: SEC

"The only way to really address recidivism is through bringing criminal cases," one attorney said.

LPL shares hit fresh high after strong earnings

"Recruiting is as strong as ever" at LPL, one analyst noted.

Cetera’s Durbin says IPO clock has yet to tick

"Every private equity deal we have seen in the brokerage industry has lasted five to seven years," one executive said.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print