The logic must have been compelling: Raymond James has both an independent contractor side and an employee advisor operation. Why not let incoming MorganKeegan reps pick?
The roughly 1,000 Morgan ...
The golden handcuffs are coming out now that Raymond James has taken MorganKeegan off the market. The goal, they say, is to keep every single advisor working for the firm.
Raymond James COO Dennis ...
Now that the future of MorganKeegan as a firm has been decided, new owner Raymond James needs to boost morale among the 1,000 advisors it just bought.
CEO Paul Reilly is geared up to offer up ...
The asking price for MorganKeegan and its roughly 1,000 patient brokers has reached levels that Raymond James executives apparently found irresistible. The question is why they waited so long.
After ...
Word is that Stifel has dropped out of talks to buy MorganKeegan from increasingly desperate owner Regions Financial. This means Raymond James -- who initially didn't want the firm at all -- is the onl ...
Three months after Raymond James denied it was interested in buying MorganKeegan, rumor has it that the brokerage firm is actually at the bargaining table now.
Back in September, Raymond James ...
Another $1 million team has jumped from MorganKeegan as the long wait to find out who -- if anyone -- will step up to buy the firm drags on.
In just the last few weeks, eight of the independent ...
As the process of finding a buyer for independent broker-dealer MorganKeegan drags on, analysts are wondering whether it might make more sense for parent Regions Financial to put itself on the block. ...
Some brokers at MorganKeegan nervously looking for the exits as an expected sale of their firm to private equity investors hits some unexpected complications.
A few weeks ago, the independent ...
Private equity firms are reportedly cooling on their once-insatiable hunger for advisory firms following MF Global's recent implosion. Bids for MorganKeegan hang in the balance.
Insiders say th ...
Regions Bank may be close to a deal to sell independent broker-dealer MorganKeegan, but is reportedly offering $200 million of its own cash to make it happen.
Two private equity groups have emerged ...
Lawyers are celebrating a Houston judge's decision to throw out a previous $9.2 million judgment against MorganKeegan, but the firm at the center of the case is still marked for sale.
FINRA an ...
Attrition from MorganKeegan has been negligible as advisors wait for news that the firm has found a buyer, but recruiters warn that those looking for a big retention bonus may be disappointed.
Morgan ...
Rumors to the contrary, Raymond James appears to have no interest in buying MorganKeegan. It's just too big and to similar to the firm's existing footprint to be an easy fit.
The news, leaked ...
With so many broker-dealers like Securities America and MorganKeegan putting themselves up for sale, analysts are having to dig deep to uncover just who might emerge to buy them.
St. Louis-based ...
While the industry is speculating about at least one potential buyer for Securities America, the dearth of public candidates indicates the fundamental fact that there are too many sellers and not enough ...
Raymond James has agreed to buy back $300 million in auction-rate securities to settle claims that its affiliates sold the instruments as being as good as cash, while a judge gave MorganKeegan a pass. ...
Selling subprime mortgage-backed securities cost MorganKeegan and its corporate parent $210 million to settle with former clients, and now the two firms seem eager to part ways.
Morgan Keegan ...
... that hope is out there.
But for bigger firms like MorganKeegan, the bidders seem painfully thin on the ground after an earlier private equity rescue fell through.
The moral is clear. Ther ...
... ess if it's in such great shape.
Deeply wounded firms like Securities America and MorganKeegan are finding buyers. So why are Pacific West's leaders just walking away?
...
Strike another rumored buyer from the M&A pool. RBC Capital Markets has stopped making "transformational" deals and so will probably not bid for MorganKeegan, Securities America, or anyone else. ...
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