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During the last several years, a wave of consolidation, mergers, and acquisitions swept through the independent broker/dealer business. Some see this as a good, necessary, and inevitable phenomenon of a maturing industry. Others maintain that smaller, "independent" broker/dealers can survi...

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Bibliographic Details
Published in:Journal of Financial Planning 2001-03, p.23
Main Authors: Miles, Gordon, Grant, Art
Format: Article
Language:English
Subjects:
Acquisitions & mergers
Advantages
Advisors
Alliances
Brokers
Disadvantages
Financial services
Industrywide conditions
Internet
Year 2000
Online Access:Get full text
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Summary:During the last several years, a wave of consolidation, mergers, and acquisitions swept through the independent broker/dealer business. Some see this as a good, necessary, and inevitable phenomenon of a maturing industry. Others maintain that smaller, "independent" broker/dealers can survive just fine. Two prominent, long-time broker/dealer executives - Miles Gordon, now CEO of the broker/dealers for ING Advisors Network and formerly chairman of FNIC, and Art Grant, CEO of Cadaret, Grant & Company Inc. - give their views on the paths they chose.
ISSN:1040-3981