Hints and tips:
...Upstairs is the corner office of Pierce McDowell III, the man largely responsible for the state’s renaissance. Mr McDowell is 58 with a mop of curly hair and a knack for storytelling....
...Earlier in the year, Seymour Pierce, one of the City’s oldest stockbroking names, was acquired by Cantor Fitzgerald, in a further example of sector consolidation....
...They also follow a two-year period of consolidation in the UK’s stockbroking sector, which included Cantor Fitzgerald’s purchase of Seymour Pierce this year....
...In February, one of the City’s oldest stockbroking names disappeared after Seymour Pierce was bought from administrators by Cantor Fitzgerald....
...consolidation in the sector, which has included Canadian bank Canaccord’s acquisition of Collins Stewart Hawkpoint, Investec’s £200m purchase of Evolution Group, and Cantor Fitzgerald’s purchase of Seymour Pierce...
...In February, Seymour Pierce, one of the oldest stockbrokers in the City, was bought from administrators by Cantor Fitzgerald....
...The pursuit of a tie-up between the two brokers follows the acquisition of Seymour Pierce, one of the City’s oldest stockbrokers, by Cantor Fitzgerald....
...Seymour Pierce declined to comment....
...In February, Seymour Pierce was bought from administrators by Cantor Fitzgerald....
...He would not mention names or comment on the fate of Seymour Pierce....
...It is still unclear whether Seymour Pierce’s creditors and debtors will be repaid....
...The purchase, for an undisclosed sum, saves the 130-year-old name Seymour Pierce from disappearing....
...in its target markets,” explained David Dunckley of Grant Thornton, the administrators that oversaw the sale of Seymour Pierce....
...Earlier this month, Seymour Pierce became the latest to be taken over, when it was bought by US-based broker Cantor Fitzgerald, after seeking an urgent cash injection....
...WH Ireland paid administrators £25,000 for the business, just days after most of Seymour Pierce’s assets were bought by Cantor Fitzgerald....
...Negotiations between the financial services firm and Seymour Pierce were continuing late into the night on Wednesday. Cantor and Seymour Pierce both declined to comment....
...Seymour Pierce was the most recent target, which was bought this month by US-based broker Cantor Fitzgerald - before that Canaccord acquired Collins Stewart Hawkpoint and Jefferies purchased Hoare Govett...
...WH Ireland said it received a boost from its recent acquisition of the private wealth management business of Seymour Pierce – which was bought by Cantor Fitzgerald in February....
...WH Ireland was also one of the biggest winners of new clients in the quarter, adding five more to push it ahead of Seymour Pierce in the Morningstar rankings....
...The ex-head of rival broker Seymour Pierce added that Panmure is looking to hire a few small wealth management teams by the end of this year....
...“Diamond has brought ‘citizenship’ right to the front,” says Bruce Packard, an analyst at Seymour Pierce....
...YSL, yes, often; Stella McCartney, as in this picture from the Mildred Pierce premiere, yup; Ben de Lisi, sure, but not St John....
...susie.boyt@ft.com More columns at www.ft.com/boyt Vanessa Friedman on Mark Zuckerberg...
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