The firm is raising $60 million to recruit 30 to 40 advisors who have well-established relationships with demanding clients
The firm has raised the money in a private placement that will be dedicated toward growing the wealth-management business
All of 3Macs’ 72 investment advisors have signed retention agreements to stay on with the firm once its merger with Raymond James is official
The commodities slump has hit independent investment banks hard. But better days could be ahead
The well-known Montreal-based brokerage firm will continue to operate under the 3Macs brand as a division of Raymond James following the closing of the deal
Advisors from other banks show interest in jumping ship
Amendments seek to appropriately restrict a dealer’s ability to use client free credit cash balances
The shift of client assets to competing firms will become more frequent as the costs of investing become more transparent
The investment dealer has changed its name to Echelon Wealth Partners
The sale SAC Capital is expected to close next month