Social Media and Deal Making: A BrokerDealer.com Comment

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social_media_snippetSocial Media and Dealmaking

In a nod and a wink to BrokerDealer.com’s “Deal Forum” below excerpt from middlemarket.com interview with Axial’s Sam Jacobs provides tips to use specialized social networks to meet, interact, communicate and transact.

What are the benefits of social media for middle-market dealmakers?

Successful deal professionals are characterized by the breadth and depth of their relationships. Broadly, social media and online networks have changed the way people meet, interact, communicate, evaluate and transact. Filtering information to engage in more meaningful conversations and multiplying that effort can be powerful for dealmakers with little time and lots to accomplish.

In using social media to expand one’s professional network exponentially, dealmakers can enhance business development and deal sourcing efforts. As more and more of their “customers” and counterparties move online, reaching audiences in this way will eventually be ubiquitous. Today, however, deal professionals who use social mediums can realize a competitive advantage.

Give us three tips that middle-market dealmakers can use to leverage social media. Continue reading →

Pershing Square Will List Permanent Capital Vehicle This Year

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FinAlternatives LogoBrokerDealer.com blog post courtesy of extract from FinAlternatives.com

 

 

Pershing Square Capital Management plans to move forward with a listed permanent capital vehicle later this year, the $15 billion hedge fund told investors.

The New York-based firm said it will raise an undisclosed amount in an initial public offering later this year. The money would serve to protect Pershing Square’s investments against redemptions.

“Because we are an active, control and influence-oriented investor, we have avoided being fully invested because of the risk of investor redemptions,” firm founder William Ackman wrote. “We will hopefully begin to address this issue with the initial public offering of Pershing Square Holdings Ltd., targeted for later this year, which will increase the amount of our capital that is permanent.” Continue reading →

Schorsch gobbles up another midsize IBD

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BrinvestmentnewslogookerDealer.com blog update courtesy of extracts from InvestmentNews.com and Bruce Kelly

 

Nicholas Schorsch continues to add midsized independent broker-dealers to the Cetera Financial Group Network, and on Wednesday night Cetera parent RCS Capital Corp. said it intends to buy Girard Securities Inc.

The San Diego-based firm has more than $10 billion of assets under administration and 250 producing financial advisers with an average annual production of approximately $210,000 per adviser.

It is the second such announced deal in as many weeks for RCS Capital Corp., which is known by its ticker symbol, RCAP. Last week, RCAP said it had agreed to purchase VSR Financial, with 264 registered reps and advisers. Continue reading →

For this Best-In-Class BrokerDealer, Its About Best Execution

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BrokerDealer.com blog update continues its series profiling the financial services industry’s leading brokerdealers with a snapshot of boutique firm WallachBeth Capital, the agency-only institutional broker specializing in ETFs, Closed-End funds (CEFs), options, and equities research of “under-followed,” but fast growth companies within the healthcare sector.

Below video provides true color and frames the firm’s value proposition in a comprehensive manner. Further below is a Q&A with firm principals Michael Wallach and David Beth, both of whom are 25+ year sell-side trading market veterans and are each considered to be industry thought-leaders by both buyside clients and sell-side peers.

Q. I’m familiar with the term “inter-dealer-broker” aka “IDB”, a broker that serves as intermediary between competing sell-side broker/dealers for the purpose of maintaining anonymity; why does WallachBeth refer to the firm as “inter-market broker.”

Wallach: We go far beyond the typical sell-side boundaries, which is the universe that IDB’s limit themselves to.
Our trading relationships extend not only across the spectrum of competing Tier 1 sell-side facilitation desks, but also includes high-touch prop trading and market-making firms, along with a wide range of hedge funds and other buy-side managers, all of whom actively trade the underlying cash instruments, options, futures, fixed income or commodities that map to the products that we specialize in. Continue reading →

Nigerian Stock Market offers Remote Trading

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ThisDayLive LogoBrokerDealer.com blog update courtesy of extracts from ThisDayLive.com

 

Often referred to as alternative trading system, electronic communication network has revolutionised trading on stock exchanges around the world. Despite initial apathy, dealing member firms of the Nigerian Stock Exchange are now embracing remote trading in a bid to woo retail investors writes, Eromosele Abiodun.

Following the introduction of technology, stock markets around the world have grown in leaps and bounds. The Nigerian stock market is a special example of the extent institutions can go if the right steps are taken in the right direction.

The impact of technology on the Nigeria stock market has been phenomenal, indicating the extent institutions can go when the right tools are employed. Technology indeed has taken control of the guts of business and made it possible for tiny, agile companies and stockbroking firms to become contenders. Continue reading →