TITLE

Investment Firms Avoid Merger With Operational Joint Venture

AUTHOR(S)
Hintze, John
PUB. DATE
April 2009
SOURCE
Securities Industry News;4/27/2009, Vol. 21 Issue 9, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on a joint venture formed by Roanoke Asset Management and Abner Herrman & Brock. The move was an attempt to expand while retaining independence through information technology sharing and reduction of operation expenses. According to Howard Abner, chairman of investment advisory Abner Herrman, the joint venture helped the company improve their profit margins.
ACCESSION #
39662081

 

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