Regionals

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Apr 13, 2009 6:46 pm

Four of the six largest regionals are for sale

Question is which four? I'm sure you can strike Stifial that leaves
four of the top five.

Any quesses

Apr 13, 2009 9:00 pm

And your source for this is.....??

Please don't say Danny Ludeman LOL

That said it wouldn't surprise me to see a few sold...SF excluded




Apr 13, 2009 9:33 pm
Hydeho:

Four of the six largest regionals are for sale

Question is which four? I'm sure you can strike Stifial that leaves
four of the top five.

Any quesses

That is the same CRAP DL has been spewing for the past few weeks. He says this when he can't think of anything new, different or grounded in reality. DL is dillusional!
Besides, ANYONE is for sale at the right price, and that includes WS.  I have a feeling DL and his boys days are numbered.
Apr 13, 2009 9:40 pm
shredder:
Hydeho:

Four of the six largest regionals are for sale

Question is which four? I'm sure you can strike Stifial that leaves
four of the top five.

Any quesses

That is the same CRAP DL has been spewing for the past few weeks. He says this when he can't think of anything new, different or grounded in reality. DL is dillusional!
Besides, ANYONE is for sale at the right price, and that includes WS.  I have a feeling DL and his boys days are numbered.



I have been gone since Jan and I could still tell it had DL's name all over it....whenever things look most desperate he rolls out lines like these...March must have been a big exodus month for DL and Co...he is trying to scare everyone into staying again!

Apr 13, 2009 10:18 pm

I think it would make sense for a few regionals to merge.  I would be very surprised to see a bank buy a brokerage, but mergers amongst regionals makes a lot of sense. 

Apr 14, 2009 2:07 am
mnbondguy:

I think it would make sense for a few regionals to merge.  I would be very surprised to see a bank buy a brokerage, but mergers amongst regionals makes a lot of sense. 

 
Why ?
Apr 14, 2009 6:38 am

the ever popular "economies of scale". Who are the 6 largest regionals?

Apr 14, 2009 9:48 am

Why not have a couple of regionals merge to create a new wirehouse? Makes sense, no challengers plenty of FAs looking to move, the only two left are MS and UBS.. And MS will be trying merge with SB(that's going to cause problems) and we all know about UBS.

 
These regionals might as well combine and form a new wirehouse(Aren't all regionals just small wires anyways) and compete on a larger scale.
Apr 14, 2009 9:53 am

Would think RBC, Oppenheimer,Morgan Keegan, Janney, Baird, Hilliard Lyons,... those are the  top by rep numbers(I left out RJ, Stifel, Bear Stearns)..

 
I think RBC if they wanted to could make some waves..
Apr 14, 2009 12:59 pm

RBC's growth strategy in the U.S. is to buy small regionals. Good strategy!

 
Of the regional's mentioned- RBC excellent- Janney- just stay away!
 
JMS is owned by second rate insurer Penn Mutual. Nough said!
Apr 14, 2009 7:46 pm
tqspygame:

Would think RBC, Oppenheimer,Morgan Keegan, Janney, Baird, Hilliard Lyons,... those are the  top by rep numbers(I left out RJ, Stifel, Bear Stearns)..

 
I think RBC if they wanted to could make some waves..



Morgan Keegan--bet Regions will need to sell it.  Bank owned.
RBC--Depends on what Royal Bank of Canada will need to do.  Bank owned.
I'd drop Hillard and add RJ. Hilliard owned by Houchens Ind. since 2009.
RJ--Been rumored for a while. True?
Janney--Will Penn Mutual insurance need money?
Oppenheimer--Are they big enough and can they continue to cover there split from CIBC.
Stifel--Only worry is growing to fast, but assume they are aware of it

Apr 14, 2009 9:18 pm

I believe a regional which has a very prosperous future ahead of them is Sterne, Agee & Leach based in Birmingham, AL.  They are a good firm with a rich history dating back to 1901.  I would be shell-shocked if they were ever sold.

Apr 15, 2009 3:42 pm

Have never heard of them... Are they a regional like Stifel or more independent like RJ

Apr 15, 2009 8:58 pm

They have qualities like Stifel but have capabilities like RJ and provide several different Advisor options:

 
A) Private Client Group / W-2 Advisor
B) Indendendent Broker-Dealer Division
C) Hybrid Advisor Option (Reg Rep while you operate your own RIA)
D) Fee-Only RIA
 
www.sterneagee.com
 
They are an NYSE Member Self-Clearing Firm and I feel they are poised for good solid growth in the years to come.