Capital Is King, Says Acquisition-Hungry Advisor Group CEO

Thursday, June 09, 2011 06:57
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Capital Is King, Says Acquisition-Hungry Advisor Group CEO

Tags: M&A

Advisor Group is in the market for another acquisition and we could see a deal materialize in the next month. CEO Larry Roth says there's no shortage of potential takeover targets out there.

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In fact Roth says that the industry is too undercapitalized to cope with compliance costs, not to mention soaring product liabilities as private placements, untraded REITs, and other once-hot vehicles implode.

 

This will mean more small broker-dealer closures -- and more consolidation among the survivors, Roth says.

 

Good piece over at Registered Rep.

 

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