Broker-Dealers
Dan Wiener Buys $700 Million In AUM From E*Trade
Adviser Investments, which started as a market newsletter and grew into a $1.3 billion firm, is now buying another $700 million in AUM from E*Trade in the form of Kobren Insight Management.
SWS Rebuffs Sterne Agee Takeover Bid In Extremely Strong Terms
A lesson to acquisition-minded brokers: Don't make an offer that your prospective purchase will find insulting, and whatever you do, don't bug them about it.
Securities America Gets Its Do-Or-Die Settlement Hearing Today
Today Securities America is arguing for what could be its life as it tries to reduce the $400 million it owes former clients who were sold bad private placements to a somewhat more manageable $21 million.
SWS Gets Unsolicited Buyout Bid From Sterne Agee
More talk about M&A, this time skirting the edge of hostile territory: Sterne Agee has offered $200 million to acquire debt-heavy Dallas brokerage firm SWS Group.
Tiburon Advisors Discounts The Prospect Of Another Brokerage Firm Buying Investors Capital
While there is plenty of speculation out there about possible suitors for 570-rep IBD Investors Capital, industry consultants note that so far the process hasn't moved like a normal broker merger.
More Articles ...
- Edward Jones Distanced Itself From Rogue Advisor - But Was It Fast Enough?
- LPL Rolls Its Bank-Sold Business Onto Its Self-Clearing Platform, May Be Bidding For Investors Capital
- Wells Fargo May Want A Big Brokerage Buy Of Its Own...Or Just Insurance
- Morgan Stanley Flirting With Dropping The Smith Barney Name
