From Business Insurance | Itasca-based insurance brokerage Arthur J. Gallagher & Co. will acquire Woodbrook Underwriting Agencies, an agency in London, the company announced Wednesday. Terms of the deal were not disclosed.
Inside these posts: Brokerage
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Raymond James to buy brokerage Howe Barnes
Raymond James Financial Inc. said it has agreed to acquire brokerage firm Howe Barnes Hoefer & Arnett Inc., bolstering its booming private-client unit. Get the full story »
Dec. 13, 2010 at 11:12 a.m.
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Filed under: Family retakes control of R.J. O’Brien brokerage
R.J. O’Brien & Associates LLC, the Chicago derivatives brokerage, is back in the hands of its founders after two private equity firms opted to sell back the control acquired in 2007 at the height of a flurry of deal-making in the sector.
The firm is one of the largest independent U.S. futures brokers, started in 1914 as a cash butter and egg specialist called John V. McCarthy & Co., and part of a coterie that developed Chicago’s role as the self-styled risk-management capital of the world. Get the full story »
HighTower adds New York Morgan Stanley team
A team of Morgan Stanley Smith Barney brokers in northern New York state, the Morgia Group, last week joined HighTower Advisors, a Chicago firm that is adding veteran advisers across the United States. Get the full story »
SEC votes to ban ‘naked access’
Federal regulators have mandated new requirements for brokerage firms aimed at reining in risk from their trading customers who get split-second access to markets to buy or sell stocks.
Ameritrade fixes derivatives platform glitch
TD Ameritrade Holding Corp. said Tuesday that it had resolved technology issues that slowed trading and other functions on its Thinkorswim derivatives platform.
The retail brokerage cited a problem with one of Thinkorswim’s market-scanning functions, which affected customers Monday and resurfaced shortly after the open Tuesday. Get the full story »
