Buyers For Securities America, Morgan Keegan May Be Scarce, Recruiter Says Hot

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.

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