Berthel Fisher Adds 26 Reps From Defunct Milkie Ferguson
The broker-dealer plans to make more purchases and step up recruiting, CEO Thomas Berthel said.
Ladenburg Thalmann to Buy Securities America
Ladenburg Thalmann said that it planned to pay Ameriprise Financial $150 million in cash for Securities America in late August. In addition, the Miami-based broker-dealer says it will pay up to $70 million in 2012 and 2013 in so-called earn-outs, as the firm explained in an SEC report. Plus, Ameriprise...
Securities America Sale: Final Price Could Be $220 Million; Big Retention Bonuses
Ladenburg Thalmann files 8-K; retention bonuses of 15% of yearly fees and commissions are being offered by the company, sources say.
Securities America Settlement May Speed Up Its Sale
A judge gives final approval of an $80 million class-action settlement; other suits could still emerge, experts say
Beware Private Placements: Lessons From MedCap, Provident and DBSI
Make sure to exercise caution when offering private placements
Securities America, Ameriprise Said to Be Near Settlement With Plaintiffs
The IBD tells its reps it is making “good progress” toward settlement over private placement securities.
Securities America’s Calls With FAs Focus on ‘Progress’
Mood of some Securities America advisors and experts remains cautiously hopeful, while others stay skeptical
Securities America Isn't Only BD That Sold Provident, Med Cap, List Shows
While most advisors may emerge unscathed, the independent broker-dealers that survive may need to rework operations to stay afloat.