Analysts Point To Stifel As Likely Morgan Keegan Buyer
- Created: Monday, 11 July 2011 05:44
St. Louis-based Stifel, parent of Stifel Nicolaus and buyer of close to $500 million in assets over the last 12 years, has emerged as the strongest candidate to take over Morgan Keegan, they say.
Stifel has previously made its name as an acquirer of part of Legg Mason and, recently, Thomas Wiesel. Normally the company has swooped in when sale valuations are at their lows, so the timing here could be tricky.
If Morgan Keegan sells at a year's revenue, that would entail roughly a $1 billion price tag.
But as for Securities America, which is also up for sale, the list of buyers on the table is pretty short, with Ladenburg Thalmann at the top.
This Website Is For Financial Professionals Only
- Despite Its Long Rap Sheet, Merrill Lynch Is Coopting The Fiduciary Message; Thundering Herd Will Beat A Glorious Path To Restoring Investor Trust
- Commonwealth Financial Network Announces New Advisor Affiliation Models: You Can Be A Fee-Only RIA And Leverage The BD's Services
- 2012 Report Identifies Top Five Challenges For Broker-Dealers Along With Industry Trends And Best Practices
- Lincoln Financial Advisor Defamation Case Highlights The Limitations Of Brokercheck