EF Hutton To Be Relaunched By The End Of 2012

Tuesday, April 24, 2012 11:26
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EF Hutton To Be Relaunched By The End Of 2012

Tags: advisor industry people | family offices | financial advisor

Remember the old EF Hutton commercials that said, “When EF Hutton talks, people listen?” By the end of the year, you’ll hear that famous slogan again. Frank Campanale, the former head of the Smith Barney Consulting Group, will be the CEO of the resurrected firm.

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A group of former Hutton employees bought the firm’s name from Citigroup, Inc. when it came up for sale after the 2008 crisis. The group has hopes that the reputation of the old Hutton will attract advisors to the new firm.
 
The new Hutton will face stiff competition within a changed industry landscape. The significant growth in independent RIAs and broker-dealers with their broader array of services will present different challenges than those faced by the original Hutton.

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