Has anyone been watching Steifel? Their HQ is in STL, and rumors are flying that they're getting ready to sell or merge. They recently sold off their independent channel, but for no real reason. It had to be for more than debt reduction. The independent channel (industry wide) is growing while the W2 channel is floundering...
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It's an acquisition with Equitable Advisors that will be completed at end of year.
I don't see any red flags. Thanks