Broker-dealer

MCAP Inc. Announces Executive Promotions in Relationship Management

Retrieved on: 
Wednesday, February 28, 2024
MCAP, OTC, Algorithmic trading, Broker-dealer, Growth, Customer, Software, Security (finance)

ORLANDO, Fla., Feb. 28, 2024 /PRNewswire/ -- MCAP Inc. (OTC: MCAP), a holding company that owns and invests in innovative financial technology companies, today announced executive promotions as part of its ongoing commitment to enhance its customer focus in the global financial markets.

Key Points: 
  • ORLANDO, Fla., Feb. 28, 2024 /PRNewswire/ -- MCAP Inc. (OTC: MCAP), a holding company that owns and invests in innovative financial technology companies, today announced executive promotions as part of its ongoing commitment to enhance its customer focus in the global financial markets.
  • Dan Seidenstein, Managing Director, has been named Head of Relationship Management at MCAP LLC, the broker-dealer subsidiary of MCAP Inc.
  • In this new role, Mr. Seidenstein will lead the relationship management division for MCAP products, serving a key role in the expansion of cross-asset distribution efforts to its institutional customers.
  • These promotions underscore MCAP's dedication to driving growth and reinforcing its leadership in delivering innovative financial technology solutions and exceptional service to its customers.

The Forest Road Company Continues Aggressive Expansion With the Addition of Former Oaktree and Elliott Executives

Retrieved on: 
Tuesday, February 13, 2024
Banking, Asset Management, Professional Services, Finance, FRAM, Record, Merrill (company), Growth, Oaktree Capital Management, Executive, Elliott Investment Management, Broker-dealer, DNA, Financial services

The Forest Road Company (Forest Road), a next-generation merchant bank, announces two strategic additions to its executive leadership team, marking a significant milestone in the company’s commitment to excellence and growth.

Key Points: 
  • The Forest Road Company (Forest Road), a next-generation merchant bank, announces two strategic additions to its executive leadership team, marking a significant milestone in the company’s commitment to excellence and growth.
  • Oaktree Capital Management veteran Caleb Kramer has joined Forest Road as its President, and Keith L. Horn, former Chief Operating Officer of Elliott Management Corporation, has joined as its Executive Chairman.
  • These individuals will play a pivotal role in advancing Forest Road’s strategic initiatives, particularly its asset management business, Forest Road Asset Management (FRAM).
  • As President of Forest Road, Mr. Kramer will have a key leadership role in the strategy and growth of the business.

Stifel Raises Quarterly Common Stock Cash Dividend By 17% and Declares Preferred Stock Cash Dividend

Retrieved on: 
Wednesday, February 7, 2024
Eaton Partners, SF, Venture round, Broker-dealer, Series, Security (finance)

The Board of Directors also declared a quarterly cash dividend on the outstanding shares of its 6.25% Non-Cumulative Perpetual Preferred Stock, Series B (the “Series B Preferred Stock”), 6.125% Non-Cumulative Perpetual Preferred Stock, Series C (the “Series C Preferred Stock”), and 4.50% Non-Cumulative Perpetual Preferred Stock, Series D (the “Series D Preferred Stock”).

Key Points: 
  • The Board of Directors also declared a quarterly cash dividend on the outstanding shares of its 6.25% Non-Cumulative Perpetual Preferred Stock, Series B (the “Series B Preferred Stock”), 6.125% Non-Cumulative Perpetual Preferred Stock, Series C (the “Series C Preferred Stock”), and 4.50% Non-Cumulative Perpetual Preferred Stock, Series D (the “Series D Preferred Stock”).
  • The declared cash dividend on the Series B Preferred Stock, Series C Preferred Stock, and Series D Preferred Stock is for the period from December 15, 2023, up to, but excluding, March 15, 2024.
  • The declared cash dividend equated to approximately $0.390625 per depositary share, or $390.625 per share of the Series B Preferred Stock outstanding.
  • The declared cash dividend equated to approximately $0.3828125 per depositary share, or $382.8125 per share of the Series C Preferred Stock outstanding.

KBW Grows Fintech Investment Banking Franchise

Retrieved on: 
Tuesday, February 6, 2024
McKinsey & Company, SF, Fintech, Investment banking, Citizenship, Moelis & Company, Keefe, Bruyette & Woods, Eaton Partners, KBW, Broker-dealer, Oppenheimer Holdings, Insurance, Lehman Brothers, Financial services, Barclays, Wells Fargo, Head, Research, Credit Suisse, J. P. Morgan, Executive officer

“We are pleased to welcome Rahul, Shal, Matthew, and Ted to KBW, and excited to have Paul join our team,” said Joseph Berry, Co-Head of Investment Banking and Co-Head of FinTech at KBW.

Key Points: 
  • “We are pleased to welcome Rahul, Shal, Matthew, and Ted to KBW, and excited to have Paul join our team,” said Joseph Berry, Co-Head of Investment Banking and Co-Head of FinTech at KBW.
  • Shal Chowdhury joins KBW from Wells Fargo, where he most recently served as a Managing Director and Head of FinTech Investment Banking.
  • “Our team continues to grow, as the delivery of financial services has transformed through the emergence of FinTech,” added Keith Meyers, Co-Head of FinTech and & Financial Services Investment Banking at KBW.
  • Over the years, KBW has established itself as a leading authority in the banking, insurance, brokerage, asset management, mortgage banking, FinTech and specialty finance sectors.

Stifel Named US Mid-Market Equity House of the Year by International Financing Review

Retrieved on: 
Monday, February 5, 2024
Cava (restaurant), Eaton Partners, SF, Research, International, International Financing Review, News, House, Equity capital markets, Fintech, Initial public offering, IPO, Bookrunner, KBW, Therapy, Broker-dealer, Natural Resources, Insurance, Security (finance)

ST. LOUIS, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced it has been named 2023 US Mid-Market Equity House of the Year by International Financing Review (IFR), recognizing outstanding capital markets achievement.

Key Points: 
  • ST. LOUIS, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced it has been named 2023 US Mid-Market Equity House of the Year by International Financing Review (IFR), recognizing outstanding capital markets achievement.
  • Stifel served as bookrunner on several high-profile transactions across multiple sectors, including the IPOs of Mach Natural Resources, Neumora Therapeutics and Cava Group.
  • “The market is unbelievably competitive for the dollars that are out there,” said Seth Rubin, Head of US Equity Capital Markets at Stifel.
  • Stifel was previously named U.S. Mid-Market Equity House of the Year in 2021.

First National Corporation Reports Annual and Fourth Quarter 2023 Financial Results

Retrieved on: 
Thursday, February 1, 2024
Federal, FDIC, Environment, Marketing, NPAS, Harvard University, First Bank, Broker-dealer, First National, Risk, Sale, Bank, ATM

Net interest income increased by $126 thousand, or 1%, to $10.8 million for the fourth quarter of 2023, compared to the linked third quarter of 2023.

Key Points: 
  • Net interest income increased by $126 thousand, or 1%, to $10.8 million for the fourth quarter of 2023, compared to the linked third quarter of 2023.
  • Noninterest expense decreased $684 thousand, or 7%, in the fourth quarter of 2023, compared to the linked quarter.
  • Net charge-offs totaled $2.7 million in the fourth quarter of 2023, compared to net charge-offs of $83 thousand in the third quarter of 2023, and net charge-offs of $95 thousand in the fourth quarter of 2022.
  • Net charge-offs totaled $2.7 million for the fourth quarter of 2023, compared to net charge-offs of $83 thousand for the linked third quarter of 2023.

Stifel Financial Schedules Fourth Quarter & Full Year 2023 Financial Results Conference Call

Retrieved on: 
Friday, January 19, 2024
Eaton Partners, Broker-dealer, SF

ST. LOUIS, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) will release its fourth quarter & full year 2023 financial results before the market opens on Wednesday, January 24, 2024.

Key Points: 
  • ST. LOUIS, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) will release its fourth quarter & full year 2023 financial results before the market opens on Wednesday, January 24, 2024.
  • The company will host a conference call to review the results at 9:30 a.m. Eastern time that same day.
  • All interested parties are invited to listen to Stifel Chairman and CEO Ronald J. Kruszewski by dialing (866) 409-1555 and referencing participant ID 4717221.
  • Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries.

Wealth Solutions Report Announces Second Annual Wealth Exemplar Award Winners

Retrieved on: 
Monday, January 29, 2024
ERISA, RIA, W-2, Research, Broker-dealer, Practice management software, RIAS, WSR, News, Practice management, Investment, Editorial, Growth, Financial adviser

NEW YORK, Jan. 29, 2024 /PRNewswire/ -- Wealth Solutions Report (WSR) – the fast-growing digital media platform featuring insights, analysis and news for the wealth management space – today named the winners of the second annual invitation-only WSR Wealth Exemplar Awards.  The highly selective award program honors enterprises and executives who have contributed to the wealth management industry on an exemplary basis, while recognizing significant transactions that both reflect and shape industry-wide trends.

Key Points: 
  • Leading Digital Platform For Insights, Analysis And News For Wealth Management Industry Honors Outstanding Firms, Distinguished Leaders And Transformative Deals
    NEW YORK, Jan. 29, 2024 /PRNewswire/ -- Wealth Solutions Report (WSR) – the fast-growing digital media platform featuring insights, analysis and news for the wealth management space – today named the winners of the second annual invitation-only WSR Wealth Exemplar Awards.
  • Wealthtech Firm of the Year – This award goes to the top three firms providing technology solutions for firms that operate within the non-institutional wealth management space.
  • Compliance Solutions Provider of the Year – This award goes to the top three firms providing compliance and regulatory solutions for firms that operate within the non-institutional wealth management space.
  • Julius Buchanan, Editor-in-Chief of Wealth Solutions Report, said, "This second year of the WSR Wealth Exemplar Awards is an even greater demonstration of the direction, strength and excellence of our industry than the first.

Kim Chapman Elected to FINRA's National Adjudicatory Council

Retrieved on: 
Thursday, January 18, 2024
Broker-dealer, CCO, Person, Code, Investment, Insurance, NAC, FINRA, Education, SMR, Financial adviser

CEDAR RAPIDS, Iowa, Jan. 18, 2024 /PRNewswire/ -- Berthel Fisher Companies — a leading wealth management, investment management, and insurance solutions provider — today announced that Kim Chapman, Chief Compliance Officer of Berthel, Fisher & Company Financial Services, Inc., has been elected to serve on FINRA's National Adjudicatory Council (NAC) for the mid-size firm seat.

Key Points: 
  • "I am thrilled to begin collaborating with FINRA on behalf of its members," Chapman said.
  • Chapman was appointed CCO of Berthel, Fisher & Company Financial Services, Inc. in 2020.
  • Chapman has experience in new firm registrations and closing a clearing operation while maintaining the broker-dealer.
  • "Kim Chapman is the ideal elected official to represent our firm at FINRA," said Andrew Christofferson, CEO & President for Berthel Fisher subsidiaries.

Fratarcangeli Wealth Management Named No. 1 in Michigan on the 2024 Forbes Best-In-State Wealth Management Teams List

Retrieved on: 
Thursday, January 18, 2024
SIPC, Research, Insurance, Broker-dealer, Telephone, Financial services

BLOOMFIELD HILLS, Mich. , Jan. 18, 2024 /PRNewswire/ -- Fratarcangeli Wealth Management was ranked No.1 in Michigan on Forbes' 2024 Best-In-State Wealth Management Teams list for the second consecutive year.

Key Points: 
  • BLOOMFIELD HILLS, Mich. , Jan. 18, 2024 /PRNewswire/ -- Fratarcangeli Wealth Management was ranked No.1 in Michigan on Forbes' 2024 Best-In-State Wealth Management Teams list for the second consecutive year.
  • The team at Fratarcangeli Wealth management believes that true wealth extends beyond numbers—it's about fostering enduring relationships, understanding unique financial goals, and navigating the complexities of the market with unwavering dedication.
  • The accolade reaffirms the pledge Fratarcangeli Wealth Management makes to prioritize clients' financial well-being and continue to look for the best solutions to deliver excellence in every aspect of service to their clients.
  • The team is not just managing wealth; they cultivate trust, and that remains their utmost priority.