FHG acquired all the shares of both firms on Aug. 1
Why well-managed small and mid-size independent dealers are competing effectively
Brookfield to acquire 57% interest in Genworth
The number of Canadian deals declined by roughly 5% in the first half of 2019, compared to the second half of 2018
TD Ameritrade reports mergers are up 82% from the same time last year
Acquisition bolsters the bank’s presence in the U.S.
Combined company will be known as Piper Sandler Companies
Decision to sell is consistent with the bank's strategy of geographic de-risking
The bank will record a loss of approximately $400 million after tax
Acquisition includes 12 advisors and approximately $280 million in assets