Broker-Dealers
Private Equity Still On The Acquisition Trail...But It's A Buyer's Market
While big broker-dealers on the block are having trouble keeping bidders at the table and smaller ones in trouble are simply shutting down, private equity funds are still finding a "sweet spot" for acquisitions in between.
Yet Another Debt-Laden Brokerage Firm Fails To Find A Buyer, Shuts Down Instead
Here's an ominous glimpse of just how unprofitable the traditional commission-driven securities business has become: a New York firm with 100 employees and $45 million in annual revenue just shut down.
If Stifel No Longer Wants Morgan Keegan, Where Do The 1,200 Reps Go?
Word is that Stifel has dropped out of talks to buy Morgan Keegan from increasingly desperate owner Regions Financial. This means Raymond James -- who initially didn't want the firm at all -- is the only bidder left at the table.
Eric Schwartz Sees Massive Consolidation Ahead In The Broker-Dealer Space
Eric Schwartz of Cambridge Investment Research is a true pioneer in the financial services industry. After a year of brokerage firms shutting down for various reasons, his forecast of big M&A on the horizon should be taken seriously.
LPL's Prodigal Top Producer Returns As Plans To Start New Brokerage Firm Fizzle
The independent broker-dealer business model is apparently too "broken" for LPL's top producer to make it happen. Ron Carson is coming home with his $2.7 billion in assets.
