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Author: rafferty

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Ladenburg Thalmann Is on the Block

18:06 01 November in In the News by rafferty

October 30, 2019 By Diana Britton. WealthManagement.com Ladenburg Thalmann, home to five broker/dealers and some 4,700 advisors, may be on the block, and has hired Jefferies to advise on the process of exploring its options, according to sources within the investment banking community. Sources noted that this will most likely be an acquisition by a private equity firm that either already owns a firm within the space, or is interested in entering the space in a major way. If it were sold to a private equity firm, it would most certainly be in the form of a change of ownership and taken private; it would not likely be sold in pieces, sources in the investment banking community said. Bloomberg first reported the news Tuesday. The stock jumped 12% on the report, though it has pared back some of those...

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Forced Equality Has a History of Genocidal Results

15:44 24 October in Articles Written by Jon Henschen by rafferty

October 22, 2019 By Jon Henschen, Intellectual Takeout In recent history, the largest genocides have resulted from tyrannical centralized governments yearning for utopian equality for all. Between 1975 and 1979, Khmer Rouge leader Pol Pot carried out a genocide in which approximately 2 million Cambodians died, or nearly a quarter of the country’s population. About 60 percent of the deaths were the result of direct executions – often carried out by pickaxe – and the rest were caused by famine and disease. Russia experienced two famines in the 20th Century. From 1921 to 1922, roughly five million people died due to a combination of effects from the Russian Civil War and the economic disturbance caused by the Russian Revolution. A rail system that couldn’t distribute food efficiently further contributed to the widespread starvation. Seed-grain was eaten rather than sown, and...

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Zero Commissions a ‘Huge Deal’ for Advisors, BDs: Henschen

20:23 09 October in In the News by rafferty

October 9, 2019 By Janet Levaux, ThinkAdvisor Broker-dealer recruiter Jon Henschen breaks down "the ripple effects" of the big brokerages' elimination of most trading commissions. After trading commissions for stocks, ETFs and options at Schwab, TD Ameritrade and E-Trade went to zero last week, there’s a “big unknown” but also a likely group of winners in the broker-dealer space and the further strengthening of a significant industry trend, according to veteran recruiter and industry watcher Jon Henschen. The move to zero commissions represents “huge savings” for advisors’ clients, making it a “huge deal,” Henschen says. “More clients will ask, ‘Why are we paying these ticket charges? Why not zero?’” The large question mark, Henschen says, concerns the response of the large clearing firms: “It will be interesting to see how clearing firms react to this...