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Following the financial crisis of 2007-08, there was a heightened sense of conflict of interest around the bulge bracket wall street banks. Dealogic recorded that the market share of U.S. boutiques hit 18% in the first half of 2015, up from 8% in 2008, with independent firms participating in six of the top 10 M&A deals. [7]
Osaic, formerly known as Advisor Group, is an American wealth management firm. [1] The firm serves approximately 11,600 financial professionals managing more than $653 billion in assets. [ 2 ] While Osaic was initially a network of independent broker-dealers, in 2023, the company began the process to integrate all the firms under the Osaic ...
In 1974, Independent Bank Corporation was established as the bank holding company. [3] In 2003, the company acquired Mepco Insurance Premium Finance. [4] Mepco was sold in 2017. In March 2007, the bank acquired 10 branches from TCF Financial Corporation. [5]
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My advisor charges a 2% fee for financial advice. He does not provide tax advice. My portfolio is currently worth around $850,000. Does this fee sound appropriate? – Tim Without knowing the full ...
In April 2019, Cetera completed the purchase of select assets of Foresters Financial’s U.S. broker-dealer and investment advisory business, rebranding it and the 43 branches it comprises as Cetera Investors. [27] In June 2021, Cetera completed the acquisition of assets related to Voya Financial Advisors’ independent financial planning channel.
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