Inside these posts: Brokerages

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Arthur J. Gallagher to acquire London firm

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.

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 »

Brokerages to report cost basis under new IRS rule

The New Year’s celebrations will barely be over before financial advisers face their first challenge for 2011 — new rules requiring brokerages to tell Uncle Sam how much investors paid for stocks.

The cost-basis reporting rules are designed to ensure people do not understate investment gains or overstate investment losses to minimize their taxes. Get the full story »