MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, January 22, 2002 ND Holdings Makes a Purchase ND Holdings of Minot, North Dakota, has purchased Capital Financial Services, a brokerage firm located in Madison, Wisconsin. ND Holdings sponsors, manages, and advises nine mutual funds. At this point, executives at ND Holdings intend no major structural changes to the new acquisition. However, the firm does intend to convert ARM Securities Corporation, another one of its units, to full service status. Between the two firms, ND Holdings will have over 150 reps. "The addition of Capital Financial Services will significantly boost our revenues and expand our presence in the financial planning and investment advisory segment of the financial services industry" stated Robert Walstad, chairman at the firm. "This will be an important step in the ongoing growth of ND Holdings in terms of expanding both revenues and the geographic scope of our operations. ND Holdings is intent on building a company dedicated to serving the needs of independent investment representatives and investment advisors and providing a quality of service not commonly found in the independent brokerage community." Printed from: MFWire.com/story.asp?s=24616 Copyright 2002, InvestmentWires, Inc. All Rights Reserved |