Study: Brokers Acquiring At Record Pace
NU Online News Service Oct. 26, 4:14 p.m. EDT?The middle-market brokers, who have pursued aggressive acquisition campaigns to achieve revenue and profit goals, have been gobbling smaller firms at an even faster pace this year, according to an investment bank firm.[@@]
WFG Capital Advisors in Harrisburg, Pa., also said that actions by New York Attorney General Eliot Spitzer that are halting controversial broker fee arrangements will not stop the buying trend, and may accelerate it.
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