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Seeking loan of $2 million, PCR discloses $12-million payment due in 2020 -- putting 'sale' on the table, offering memorandum shows

Private Client Resources, founded in 2000 projects it will break even next year but declines to say how it'll pay back mounting pile of loans

Author Oisin Breen
no description available
Bob Miller's firm seeks a 'recapitalization, refinancing, sale, merger or other capital transaction.'

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Executive shake-up and staff hiring binge change Dynasty Financial Partners' talent mix, with Todd Thomson, Scott Welch, Ed Friedman and 12 women as headliners

The St. Petersburg-based producer of 'synthetic RIA scale' will continue to aggressively hire and adjust its talent ranks as it readies for next growth push.

September 24, 2019 at 2:02 AM

LPL Financial tries to solve two 'digital' problems with one new hire; the broker-dealer admits high 'friction' with clients for onboarding and matching them to the right annuity

Ashish Braganza puts LPL in to the data game but critics wonder whether the belated hire comes with too small a budget and team

July 25, 2019 at 6:18 PM

Pete Giza and Damon Deru go for Holy Grail of portfolio rebalancing with software that shuffles stocks, bonds... and asset classes; Believe it?

The RedBlack and TradeWarrior executives see old systems as 'archaic' yet know that the Black Diamonds, Morningstars, Orions and Tamaracs see rebalancing as a loss leader

June 11, 2019 at 9:49 PM

With his CEO hell-bent for election, Bronfman Rothschild president Michael LaMena reunites Fortigent's terrible two with a key poach

Neal Simon is running for U.S. Senate as an independent, an unusual risk; he also took precautions to make sure his $6.1B RIA roll-up finds its feet regardless of the mood of the Maryland electorate

November 5, 2018 at 8:06 PM

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Mentioned in this article:

LPL Financial
Asset Custodian
Top Executive: Dan Arnold

Jeff Spears

Jeff Spears

March 19, 2018 — 10:08 PM
Some day the financial projections will meet the people who sell the dream. I'm still waiting and believing....
Robert Miller, CEO and Vice Chairman of PCR

Robert Miller, CEO and Vice Chairman of PCR

March 19, 2018 — 10:11 PM
We are obviously disturbed by this publication’s use of the details of highly confidential investor communications they knew to be delivered in violation of confidentiality agreements. But more so, by their reckless mis-interpretation and mis-representation of financial information intended for insiders with a full understanding of the company’s strategy and performance. The inclusion of the baseless assessments by competitors with absolutely no knowledge of the company’s finances, operations and strategy is simply shocking. The Company has structured debt equity financing (like many firms) with a committed group of investors designed to ensure our long term success. This was a planned funding and immediately subscribed to by the existing debt holders. The offering is a formality for existing equity holders required under our operating agreement. We have required a minimal amount of financing since our restart in 2016 ending with this planned top-off round. Our financial performance is on target with our plans and we continue to make investments for the benefit of both our clients and shareholders. Our strategy remains unchanged - build a large and important company.

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