by Patrick M. Kelly | Oct 14, 2011 | Wall Street
[pullquote]The Company is looking for a buyer who will maintain the same culture that we have had.[/pullquote] Regions Financial Corp announced their intent to sell off their Morgan Keegan brokerage unit last June, and ever since rumors and speculations over who will...
by Patrick M. Kelly | Sep 27, 2011 | Financial Recruiting Industry, Financial Services Industry, Wall Street
So what will the fallout be for UBS with the latest scandal and negative news? Well, although there won’t be any compensation changes for financial advisors as a result of the trading loss of $2.3 billion, in all probability there will be other far reaching losses. No...
by Patrick M. Kelly | Sep 6, 2011 | Financial Advisors, Wall Street
Since last April, Securities America has shed close to 100 financial advisors, and has been bought out by Ladenburg Thalmann Financial Services for $150 million. So, will the remaining advisors remain loyal or jump ship? Well, it appears that Securities America is...
by Patrick M. Kelly | Aug 30, 2011 | Wall Street
[pullquote]Is this a new wave of consolidation within the finance industry?[/pullquote] The recent sale by Ameriprise Financial of its Securities America advisory services has led to a new “buzz” on the street. The big question: Is this a new wave of consolidation...
by Patrick M. Kelly | May 2, 2011 | Brokers, Financial Recruiting Industry, Financial Services Industry, Wall Street
Last week’s surprise announcement by Ameriprise Financial that they would find a buyer for Securities America sent their 1,800 financial advisors and industry recruiters buzzing about where to find new positions at other firms. Since the announcement was just made...
by Patrick M. Kelly | Mar 21, 2011 | Financial Services Industry, Wall Street
In case you missed it, the “buzz” last week was all about the rumor that Wells Fargo & Co was seeking a deal to acquire UBS AG’s U.S. wealth management operations. The report came out of InvestmentNews on Tuesday, the 15th, when they cited “unnamed industry...