Cambridge buys small broker-dealer with $4 billion in assets
The deal comes as mergers and acquisitions in the brokerage industry have slowed to a crawl due to disruptions caused by COVID-19
While registered reps and financial advisers have continued to move to new firms, albeit at a much slower pace during the COVID-19 pandemic, broker-dealer acquisitions have curtailed dramatically since March.
That market may be thawing, with Cambridge Investment Research Inc. on Wednesday saying
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