Rick Peterson

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  Morgan Keegan Bleeds as Sale Drags On, Experts Say

  By Janet Levaux, AdvisorOne  |  September 30, 2011

  As the clock keeps ticking on a possible sale, advisors at Memphis, Tenn.-based Morgan Keegan are likely to continue to leave or at least consider it, recruiters tell AdvisorOne, which drains the value of the broker-dealer to potential acquirers.

• Ladenburg Thalmann to Buy Securities America

  By Janet Levaux, AdvisorOne  |  September 29, 2011

  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...

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  UBS CEO’s Departure Puts Advisors in Hot Seat

  By Janet Levaux, AdvisorOne  |  September 26, 2011

  UBS advisors are facing a tough situation as they await the naming of a permanent CEO to replace Oswald J. Gruebel.

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  UBS Loses ‘Credibility’ Again, Recruiters Say

  By Janet Levaux, AdvisorOne  |  September 20, 2011

  The latest scandal at UBS shouldn’t financially impact its U.S.-based financial advisors, experts say, but it could weaken the wirehouse firm’s recruiting and retention efforts.

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  Securities America Sale: Final Price Could Be $220 Million; Big Retention Bonuses

  By Janet Levaux, AdvisorOne  |  August 19, 2011

  Ladenburg Thalmann files 8-K; retention bonuses of 15% of yearly fees and commissions are being offered by the company, sources say.

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  Securities America Deal: ‘Huge Gamble’ for Advisors and Ladenburg, Experts Say

  By Janet Levaux, AdvisorOne  |  August 17, 2011

  Recruiters are concerned that the deal will be good for Ameriprise but leave advisors in the cold, leaving them with uncertainty and lacking in better services and products.

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  Raymond James Exec Upbeat on FA Growth, Praises Morgan Keegan

  By Janet Levaux, AdvisorOne  |  July 28, 2011

  Raymond James expects its advisor headcount to continue to expand this year, generally through the hiring of individual advisors and teams, but a merger or acquisition is not out of the question.

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  Sale of Securities America: Advisors Should ‘Run,’ Recruiter Says

  By Janet Levaux, AdvisorOne  |  April 27, 2011

  Advisors with the IBD, which Ameriprise is selling, need to look at which options are best for them and their clients.

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  Securities America Isn't Only BD That Sold Provident, Med Cap, List Shows

  By Janet Levaux, AdvisorOne  |  March 23, 2011

  While most advisors may emerge unscathed, the independent broker-dealers that survive may need to rework operations to stay afloat.