Buyers For Securities America, Morgan Keegan May Be Scarce, Recruiter Says
- Created: Friday, 01 July 2011 06:24
According to one influential recruiter, demand for independent brokerage firms from the insurance channel in particular has tapered off.
And unless larger IBDs are willing to grow through bolt-on acquisitions, private equity firms are shaping up as the best option for would-be sellers.
Otherwise, as he notes, it's probably easier -- and less risky -- for firms to simply hire individual reps away, instead of buying the whole store.