Mergers & Acquisitions
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Baird merging with Pacific Northwest firm that has 85 advisers
Seattle-based McAdams Wright Ragen has more than $10 billion in client assets.
Three big trends top advisers need to focus on now
Three trends creating the greatest potential and impact in the near term center around industry consolidation, human capital and the maturing of the advisory industry.
Schorsch teeing up another possible broker-dealer acquisition
Real estate tycoon's B-D has "exclusivity agreement" to negotiate with one firm, according to SEC filing.
Southwest Securities sold as part of merger
After a dormant couple of months, broker-dealer mergers and acquisitions came to life Tuesday when Hilltop Holdings Inc. and SWS Group Inc., the parent company of Southwest Securities Inc., said they entered into a definitive merger agreement. SWS shareholders will receive cash and Hilltop stock
Newborn Lebenthal RIA triples its assets but expects more to come
Lebenthal Holdings stands to triple the size of its new wealth management unit with the acquisition of the business of two Morgan Stanley brokers. But that's just the beginning, if CEO Frank Campanale has his way.
Bank executives adopting the RIA model as they build wealth units, Fidelity study finds
Fastest-growing units are turning toward fee-based investment and planning advice.
Oregon advisers blaze their own trail
Team from Merrill Lynch that advises on $700M in assets forms RIA partnership.
Cantor Fitzgerald makes big splash in wealth management with First Commonwealth deal
Renowned trading firm strikes a deal to acquire a bank-owned RIA with more than $2 billion in assets. And it's not finished. Here's what Cantor is looking for.
Steward Partners adds consulting unit
A new Raymond James-backed firm launched by wirehouse exiles is building a consulting unit. Steward Partners Holdings acquired the practice of a New York-based recruiter with roots in management at Morgan Stanley, Steward Partners annnounced this week. Steward's equity-partnership model includes an
United Capital holds tight to its purse strings
The firm has not dipped into its $30 million fundraising; early partners continue to hold on.
Wirehouse breakaway market seen thawing
After a mostly frigid 2013 for recruiting from wirehouse brokerages, agents responsible for selling those brokers on the benefits of free agency are cautiously optimistic that a thaw has finally set in.
Independent broker-dealer M&A market is heating up
Competition for deals increases as more buyers are chasing fewer sellers across the independent broker-dealer space.
Southwest Securities could be sold to big shareholder
The parent company of Southwest Securities, SWS Group, received $7-a-share offer from Hilltop Holdings. The offer was a 16% premium to the stock's closing price on Thursday. Bruce Kelly has the story.
Legg Mason hires Wells Fargo exec to head acquisitions
After five years of net acquisitions, Legg Mason hired Thomas Hoops from Wells Fargo & Co. to head business development as the firm seeks to expand its products and make acquisitions.
Wealth Enhancement Group moves into Chicago area
Wealth Enhancement Group, which has $3.7 billion in AUM, has nearly doubled its assets since 2007.
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February 27, 2014