Brokerage firms

Eagle Point Credit Company Inc. Announces Full Exercise and Closing of Overallotment Option in Offering of Preferred Stock

Retrieved on: 
Monday, June 21, 2021
Professional services, Finance, Financial markets, Finance, Financial economics, Stock market, Brokerage firms, Corporate finance, Equity securities, Incapital, Wedbush Securities, Security, Stock, Preferred stock

The exercise of the overallotment option resulted in additional net proceeds to the Company of approximately $3.4 million after payment of underwriting discounts and commissions.

Key Points: 
  • The exercise of the overallotment option resulted in additional net proceeds to the Company of approximately $3.4 million after payment of underwriting discounts and commissions.
  • The Preferred Stock is rated BBB by Egan-Jones Ratings Company.
  • The Preferred Stock trade on the New York Stock Exchange under the symbol ECCC, and the Preferred Stock issued pursuant to the overallotment will trade under the same symbol.
  • B. Riley Securities, Inc., Oppenheimer & Co. Inc., Incapital LLC and Wedbush Securities Inc. acted as joint bookrunners for the offering.

E*TRADE Study Reveals the Biggest Financial Mistakes Among Young Investors Post-Graduation

Retrieved on: 
Monday, June 21, 2021
Professional services, Other Consumer, Consumer, Teens, Finance, Banking, Finance, Companies, Financial services, E-Trade, Money, Primary dealers, Brokerage firms, House of Morgan

E* TRADE Financial Holdings, LLC today announced results from the most recent wave of StreetWise, the E*TRADE quarterly tracking study of experienced investors.

Key Points: 
  • E* TRADE Financial Holdings, LLC today announced results from the most recent wave of StreetWise, the E*TRADE quarterly tracking study of experienced investors.
  • With over 60% of young investors tapping into retirement funds early, 21% noted it was to pay for education, second to a medical emergency (25%).
  • E*TRADE Financial Holdings, LLC and its subsidiaries provide financial services including brokerage and banking products and services to retail customers.
  • E*TRADE Financial, E*TRADE, and the E*TRADE logo are registered trademarks of E*TRADE Financial Holdings, LLC.

$800 Million International Wealth Advisor Joins Snowden Lane Partners

Retrieved on: 
Monday, June 21, 2021
Consulting, Banking, Professional services, Finance, Finance, Money, Financial advisors, Economy, Financial adviser, Registered Investment Adviser, Adviser, Brokerage firms, Gregory Franks

Based in Snowden Lanes Coral Gables office and overseeing more than $800 million in client assets, the new team is helmed by Tony Esses, a top-ranked financial advisor with over 35 years of experience in the international wealth management business.

Key Points: 
  • Based in Snowden Lanes Coral Gables office and overseeing more than $800 million in client assets, the new team is helmed by Tony Esses, a top-ranked financial advisor with over 35 years of experience in the international wealth management business.
  • Over the last three decades, Tony has established himself as a top-rated financial advisor and a true champion for his clients, said Greg Franks, President and COO of Snowden Lane Partners.
  • Snowden Lane is a nationally branded, open-architecture, hybrid registered investment advisor and broker-dealer that provides wealth advisory services to high net-worth individuals, families, and institutional clients.
  • References to Snowden Lane and Snowden Lane Partners are references to Snowden Capital Advisors LLC, an investment adviser registered with the U.S. Securities and Exchange Commission, and its affiliated entities.

New Insurtech Hub for Wealth Management Launches with Hybrid Distribution

Retrieved on: 
Tuesday, June 22, 2021
Finance, United States securities law, Financial markets, Money, Brokerage firms, Securities Investor Protection Corporation, Financial Industry Regulatory Authority, Broker-dealer, Structured product, Municipal Securities Rulemaking Board

Those who offer structured investments will be able to merge that business into one digital ecosystem with other products for comprehensive management of their books of business.

Key Points: 
  • Those who offer structured investments will be able to merge that business into one digital ecosystem with other products for comprehensive management of their books of business.
  • SIMON Chief Distribution Officer Scott Beshany said: "Our partnership with FIG helps extend SIMON's technology to new broker-dealers, independents, and RIAsthe distribution opportunity this creates is tremendous.
  • This partnership delivers a truly simplified digital wealth management experience for everyone, across multiple asset classes."
  • Securities products and services offered by SIMON Markets LLC, a broker-dealer registered with the SEC, Member FINRA / SIPC .

BenefitMall Welcomes New South Florida Market Director

Retrieved on: 
Monday, June 21, 2021
Broker, Insurance, Economy, Brokerage firms, Investment

DALLAS, June 21, 2021 /PRNewswire/ -- BenefitMall , the leading provider of next-generation broker services, today announced the addition of Joyce James as the new South Florida Market Director, who will report directly to Rolando Alfonso, the Southeast Regional Vice President.

Key Points: 
  • DALLAS, June 21, 2021 /PRNewswire/ -- BenefitMall , the leading provider of next-generation broker services, today announced the addition of Joyce James as the new South Florida Market Director, who will report directly to Rolando Alfonso, the Southeast Regional Vice President.
  • "Her extensive industry knowledge and problem solving skills will be a valuable asset to the South Florida BenefitMall sales team and South Florida brokers."
  • As a health industry professional, James is familiar with all aspects of the insurance industry and has extensive knowledge of the South Florida marketplace and broker community.
  • "I am thrilled to join the BenefitMall team and work closely with the South Florida team to ensure we are providing high quality service to the brokers we serve and their clients," James said.

LPL Financial Reports Monthly Activity for May 2021

Retrieved on: 
Thursday, June 17, 2021
Finance, Brokerage firms, LPL Financial, Money, Companies, Financial adviser, Registered Investment Adviser, Waddell & Reed, QNB Bank

(3) Assumes ~95% asset retention of Waddell & Reed total assets at the end of April 2021 and ~5% of total assets will not convert.

Key Points: 
  • (3) Assumes ~95% asset retention of Waddell & Reed total assets at the end of April 2021 and ~5% of total assets will not convert.
  • LPL Financial was founded on the principle that the firm should work for the advisor, and not the other way around.
  • Today, LPL is a leader* in the markets we serve, supporting more than 18,000 financial advisors, 800 institution-based investment programs and 450 independent RIA firms nationwide.
  • 1 Independent Broker-Dealer in the U.S (Based on total revenues, Financial Planning magazine June 1996-2020)
    Securities and Advisory services offered through LPL Financial LLC, a registered investment advisor.

Wedbush Securities Joins Blockchain-Based Paxos Settlement Service

Retrieved on: 
Thursday, June 17, 2021
Professional services, Technology, Other Technology, Finance, Banking, Internet, Articles, Finance, Technology, Paxos Trust Company, Fault-tolerant computer systems, Brokerage firms, Paxos, Stock market, Blockchain, Paxi, Wedbush Securities, Security

Wedbush Securities , one of the nations leading independent financial services providers, is pleased to announce it has joined the Paxos Settlement Service, the blockchain stock settlement network powered by Paxos Trust Company.

Key Points: 
  • Wedbush Securities , one of the nations leading independent financial services providers, is pleased to announce it has joined the Paxos Settlement Service, the blockchain stock settlement network powered by Paxos Trust Company.
  • Paxos Settlement Service is a private, permissioned blockchain solution designed to allow two parties to bilaterally settle securities trades directly with each other.
  • The Paxos Settlement Service reduces risk, enables greater trading liquidity and provides ownership transparency, which will revolutionize securities markets.
  • Wedbush joins Credit Suisse, Instinet, Societe Generale and other leading US banks in the Paxos Settlement Service, which currently operates under No-Action Relief from the Securities and Exchange Commission staff.

Dan Stahlschmidt Joins Academy Securities as Managing Director, Head of Equity Capital Markets

Retrieved on: 
Thursday, June 17, 2021
Banking, Accounting, Professional services, Finance, Finance, Money, Financial markets, Investment, Brokerage firms, Broker-dealer, Fixed income, Security

Academy Securities, a registered broker-dealer, certified Disabled Veteran Business Enterprise (DVBE), and Minority Business Enterprise (MBE), today announced the addition of Dan Stahlschmidt as Managing Director, Head of Equity Capital Markets.

Key Points: 
  • Academy Securities, a registered broker-dealer, certified Disabled Veteran Business Enterprise (DVBE), and Minority Business Enterprise (MBE), today announced the addition of Dan Stahlschmidt as Managing Director, Head of Equity Capital Markets.
  • As Managing Director, Mr. Stahlschmidt will focus on expanding the Firms equity business and presence in the Chicago area.
  • The Firm is thrilled to enhance our Equity Capital Markets team with the addition of Dan Stahlschmidt, stated Academys Chairman and CEO Chance Mims.
  • Academy Securities is a preeminent disabled veteran owned investment bank with strength in capital markets, public finance, fixed income and equity trading.

Advisor Group Recruits Four Financial Professionals with $259 Million in Total Client Assets to its Royal Alliance Subsidiary, Extending Significant Year-Over-Year Gains in Recruited Advisors and Assets

Retrieved on: 
Thursday, June 17, 2021
Brokerage firms, Advisor Group

The four newly-recruited financial professionals have joined Advisor Group through its network member firm Royal Alliance Associates.

Key Points: 
  • The four newly-recruited financial professionals have joined Advisor Group through its network member firm Royal Alliance Associates.
  • Advisor Group also includes FSC Securities, SagePoint Financial, Securities America, Triad Advisors and Woodbury Financial Services.
  • Dmitry Goldin, President and CEO of Royal Alliance Associates, said, "We are excited to welcome these seasoned financial professionals with such varied experiences to our platform.
  • Their decision to join us demonstrates the scope of the value our platform provides to growth-oriented financial professionals."

SEC, NASAA, and FINRA Offer Free Resource to Securities Firms to Assist in Detection, Prevention and Reporting of Financial Exploitation of Seniors

Retrieved on: 
Wednesday, June 16, 2021
Financial Industry Regulatory Authority, United States securities law, ACT, Child abuse, Financial markets, Brokerage firms, Finance, Law

The training program, Addressing and Reporting Financial Exploitation of Senior and Vulnerable Adult Investors, can be used by firms to train associated persons on how to detect, prevent, and report financial exploitation of senior and vulnerable adult investors.

Key Points: 
  • The training program, Addressing and Reporting Financial Exploitation of Senior and Vulnerable Adult Investors, can be used by firms to train associated persons on how to detect, prevent, and report financial exploitation of senior and vulnerable adult investors.
  • The presentation serves as a resource for firms implementing the requirements of the Senior Safe Act and certain state training requirements relating to senior investment protection.
  • The Act addresses barriers financial professionals face in reporting suspected senior financial exploitation or abuse to authorities.
  • FINRA also administers a dispute resolution forum for investors and brokerage firms and their registered employees.