Brokerage firms

IMA Financial Group Acquires Diversified Insurance Group

Retrieved on: 
Wednesday, August 4, 2021

IMA Financial Group , a North American insurance brokerage firm specializing in risk management, insurance, wholesale brokerage and wealth management, will expand to Salt Lake City through a partnership with Diversified Insurance Group .

Key Points: 
  • IMA Financial Group , a North American insurance brokerage firm specializing in risk management, insurance, wholesale brokerage and wealth management, will expand to Salt Lake City through a partnership with Diversified Insurance Group .
  • Our growth rate has been exceptional and has attracted like-minded partners such as Diversified, said IMA Financial Group Chairman and CEO Rob Cohen.
  • Diversified is one of the nations fastest-growing independent brokers, serves the explosive technology industry in one of the hottest markets in the U.S. and maintains deep client loyalty, said IMA Financial Group President Luke Proctor.
  • IMA Financial Group is a North American insurance brokerage firm specializing in risk management, insurance, employee benefits and wealth management.Employing more than 1,200 associates, with anchor offices in California, Colorado, Kansas, Michigan, Oregon, Pennsylvania and Texas, IMA is among the top independent, employee-owned brokerages in the U.S.

Sharp Accelerates Growth with New Managing Director, Colin Campbell

Retrieved on: 
Tuesday, August 3, 2021

CHICAGO, Aug. 3, 2021 /PRNewswire/ -- Sharp Capital Advisors today announced Colin Campbell has joined the firm as Managing Director.

Key Points: 
  • CHICAGO, Aug. 3, 2021 /PRNewswire/ -- Sharp Capital Advisors today announced Colin Campbell has joined the firm as Managing Director.
  • An established investment banker, Colin will lead the firm's client relationships and new business origination on the west coast.
  • "This is an exciting time for Sharp Capital Advisors as the firm is experiencing explosive growth in its first year of operations.
  • Colin brings a decade of transaction-based experience to Sharp Capital Advisors.

KopenTech appoints Jill Scalisi as Chief Engagement Officer

Retrieved on: 
Tuesday, August 3, 2021

LOS ANGELES, Aug. 3, 2021 /PRNewswire/ -- KopenTech, the online trading and analytics platform for structured products, and its wholly-owned subsidiary KopenTech Capital Markets LLC, a FINRA-registered broker-dealer and SEC-registered ATS, announced today the appointment of Jill Scalisi as Chief Engagement Officer.

Key Points: 
  • LOS ANGELES, Aug. 3, 2021 /PRNewswire/ -- KopenTech, the online trading and analytics platform for structured products, and its wholly-owned subsidiary KopenTech Capital Markets LLC, a FINRA-registered broker-dealer and SEC-registered ATS, announced today the appointment of Jill Scalisi as Chief Engagement Officer.
  • "We are excited to welcome Jill to the team as KopenTech strives to improve the market structure for CLO trading."
  • KopenTech is known for two platforms: KopenTech BWIC, the first electronic trading and analytics platform for CLOs, and KopenTech AMR, which hosts Applicable Margin Reset CLO refinancing auctions.
  • KopenTech is the largest online CLO trading network, and the company is planning several new product releases in 2021 -2022.

LPL Financial Lowers Advisory Account Minimums

Retrieved on: 
Monday, August 2, 2021

As the industry continues to shift from brokerage to advisory, it is important to have advisory opportunities for all types of investors, said Rob Pettman, LPL executive vice president, Wealth Management Solutions.

Key Points: 
  • As the industry continues to shift from brokerage to advisory, it is important to have advisory opportunities for all types of investors, said Rob Pettman, LPL executive vice president, Wealth Management Solutions.
  • The LPL advisory platform is made up of a suite of six multi-manager funds, featuring more than 10 leading subadvisors and institutional money managers.
  • LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around.
  • Securities and advisory services offered through LPL Financial LLC, an SEC- registered broker-dealer and investment advisor.Member FINRA/SIPC.

Interactive Brokers Group Reports Brokerage Metrics and Other Financial Information for July 2021, Includes Reg.-NMS Execution Statistics

Retrieved on: 
Monday, August 2, 2021

Note 1: Daily Average Revenue Trades (DARTs) customer orders divided by the number of trading days in the period.

Key Points: 
  • Note 1: Daily Average Revenue Trades (DARTs) customer orders divided by the number of trading days in the period.
  • Barrons ranked Interactive Brokers #1 with 5 out of 5 stars in its February 26, 2021, Best Online Broker Review.
  • Any forward-looking statements in this release are based upon information available to the company on the date of this release.
  • Additional information on risk factors that could potentially affect the company's financial results July be found in the company's filings with the Securities and Exchange Commission.

Ashford Securities Raises Over $2.1 Million For Its First Investment Product During July 2021

Retrieved on: 
Friday, July 30, 2021

Launched on July 9, 2021, Ashford Securities has already raised more than $2.1 million in total capital, including over $1.6 million from 10 syndicate member firms at the first retail close and an additional $500,000 from friends and family investors.

Key Points: 
  • Launched on July 9, 2021, Ashford Securities has already raised more than $2.1 million in total capital, including over $1.6 million from 10 syndicate member firms at the first retail close and an additional $500,000 from friends and family investors.
  • "We are extremely excited by the high level of interest expressed by broker dealers and RIA's in our first investment product," commented C. Jay Steigerwald III,President,Head of Distribution, Ashford Securities LLC.
  • Ashford Securities, member FINRA/SIPC, is an SEC-registered broker-dealer that is wholly-owned by Ashford Inc. (NYSE American: AINC) and serves as the distributor for investment products within the Ashford group of companies.
  • Ashford provides global asset management, investment management and related services to the real estate and hospitality sectors.

Doo Financial's First Display On Times Square Nasdaq Tower, Establishing A Fully Disclosed Brokerage Relationship With Interactive Brokers

Retrieved on: 
Friday, July 30, 2021

HONG KONG, July 30, 2021 /PRNewswire/ -- Doo Financial, an online broker affiliated with Doo Group, has recently established a fully disclosed brokerage relationship with Interactive Brokers, and celebrated with a debut on the Nasdaq in Times Square, New York.

Key Points: 
  • HONG KONG, July 30, 2021 /PRNewswire/ -- Doo Financial, an online broker affiliated with Doo Group, has recently established a fully disclosed brokerage relationship with Interactive Brokers, and celebrated with a debut on the Nasdaq in Times Square, New York.
  • With this relationship, Doo Financial will be facilitating the development and localization of Interactive Brokers' steadfast trading services in China, while Interactive Brokers provides reliable fundamental services to Doo Financial.
  • This fully-disclosed brokerage relationship with Interactive Brokers LLC is established by Doo Financial and Peter Elish Investments Securities, a subsidiary of the group based in the US.
  • In the future, Doo Group will continue to strive with its affiliates including Doo Clearing, Doo Financial, Doo Prime, and Doo Tech to become a leading global online broker with fintech at its core.

Hub International Announces New Employee Benefits Data Analytics Tool

Retrieved on: 
Thursday, July 29, 2021

CHICAGO, July 29, 2021 /PRNewswire/ -- Hub International Limited (HUB), a leading full-service global nsurance broker and financial services firm, announced today the launch of HUB Workforce Persona Analysis , a new employee benefits consulting solution that analyzes an employer's own data based on employee demographics to provide insights that guide benefits offerings as well as communication and engagement strategies.

Key Points: 
  • CHICAGO, July 29, 2021 /PRNewswire/ -- Hub International Limited (HUB), a leading full-service global nsurance broker and financial services firm, announced today the launch of HUB Workforce Persona Analysis , a new employee benefits consulting solution that analyzes an employer's own data based on employee demographics to provide insights that guide benefits offerings as well as communication and engagement strategies.
  • Employers are looking for insights to optimize their employee benefits program, which plays a big part in employee recruitment and retention.
  • "Employers need better insights into their evolving workforce in order to provide meaningful benefits that help employees thrive in their career and personal lives," said Jeff Faber, Chief Strategy Officer, HUB Employee Benefits.
  • Headquartered in Chicago, Illinois, HUB International Limited is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services.

Merrill Studies Reveal Challenges Diverse Communities Overcome to Achieve Success and Grow their Wealth

Retrieved on: 
Wednesday, July 28, 2021

Merrill Lynch Wealth Management published today three studies examining the affluent Black/African American, LGBTQ+ and Hispanic/Latino communities.

Key Points: 
  • Merrill Lynch Wealth Management published today three studies examining the affluent Black/African American, LGBTQ+ and Hispanic/Latino communities.
  • The first-of-its-kind research reports titled, Diverse Viewpoints: Understanding Affluence in the U.S. , aim to better understand how individuals in these diverse communities achieve success and grow their wealth, their motivations and challenges and goals for the future.
  • Serving a diverse client base requires a deep understanding of peoples unique experiences and financial life paths, said Andy Sieg, head of Merrill Lynch Wealth Management.
  • Merrill, which is part of Bank of America Corporation, includes Merrill Lynch Wealth Management and Merrill Private Wealth Management and is a leading provider of comprehensive wealth management and investment services.

Arthur J. Gallagher & Co. Appoints New Director

Retrieved on: 
Wednesday, July 28, 2021

ROLLING MEADOWS, Ill., July 28, 2021 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the appointment of Teresa H. Clarke to the company's Board of Directors.

Key Points: 
  • ROLLING MEADOWS, Ill., July 28, 2021 /PRNewswire/ --Arthur J. Gallagher & Co.(NYSE: AJG) today announced the appointment ofTeresa H. Clarketo the company's Board of Directors.
  • Ms. Clarke is Chair and CEO of Africa.com LLC, a media holding company with an extensive array of platforms that reach a global audience interested in African content and community.
  • "Teresa brings a wealth of financial, marketing and technology experience and will add a valuable perspective to our Board's deliberations.
  • Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois.