In honor of National Veterans and Military Families Month, BNY Mellon assembled eight veteran-owned broker-dealers to participate in an offering of $750 million in senior bank notes.
The eight firms — Academy Securities, AmeriVet Securities, Bancroft Capital, CAVU Securities, Drexel Hamilton, Mischler Financial Group Inc., Multi-Bank Securities Inc., and Roberts & Ryan — underwrote a combined 20% of the notes.
“These eight veteran-owned firms understand mission and execution, making them a natural fit to help serve the diverse marketplace in which we operate,” Sarah McAvoy, group treasurer at BNY Mellon, said in a statement.
In the second quarter of 2022, minority-owned financial institutions were among the joint lead bookrunners on a $1.7 billion offering of senior medium-term notes by Bank of New York Mellon Corp., the company said in the statement.
Mayer Brown, GWG's law firm, agreed to pay $30 million to resolve conflict of interest claims.
Orion adds new model portfolios and SMAs under expanded JPMorgan tie-up, while eMoney boosts its planning software capabilities.
National survey of workers exposes widespread retirement planning challenges for Gen Z, Millennials, Gen X, and Boomers.
While the choice for advisors to "die at their desks" might been wise once upon a time, higher acquisition multiples and innovations in deal structures have created more immediate M&A opportunities.
A father-son pair has joined the firm's independent arm in Utah, while a quartet of planning advisors strengthen its employee channel in Louisiana.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
