Articles tagged "Mark Casady"
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Mark Casady is under the gun to spend his SPAC's $200 million of cash to avoid October deadline but a recent SEC filing sounds an ominous note after CEO departs
Lefteris reports that Jon Isaacson is taking over as CEO from Karl Roessner, the 'natural choice' to make a deal, according to Casady, though it's down to a few weeks
September 29, 2022 at 1:24 AM
Kingswood raises $115 million of SPAC cash and its Wall Street profile by cutting in Larry Roth; but can they buy RIAs at the right price in a feverish market?
With the RIA rollup game go-big-or-go-home, making a royal alliance between British founders and Roth boosted the blank-check venture
December 19, 2020 at 2:02 AM
Heads or tails he wins, but Mark Casady's upside for making his SPAC click is head-spinning because the IPOs will keep flying out the door
SEC filings detail the Lefteris chairman's overnight gains of maybe $50 million, but if the ensuing reverse merger or buy blossoms, it'll trigger a potential virtuous circle.
November 5, 2020 at 8:41 PM
Mark Casady completes IPO of Lefteris 10 years after LPL Financial's initial public offering and plans to use the SPAC's $200 million raised to lift mom-and-pop fintechs
The former LPL CEO has a team for his Boston-based special purpose acquisition company that includes Chip Roame, April Rudin and Edelman, E*Trade and LPL alumni.
October 24, 2020 at 5:01 AM
Oisin's Bits: Casady and Blundin's Vestigo-voyage gathers steam with near $60 million cash-pile; Ethical-robo OpenInvest raises $10.4 million and flips B2B switch, founder lays into mutual funds
In this roundup, Mark Casady and David Blundin's VC-odyssey, Vestigo Ventures, closes its first fund as the duo outline a nine-year strategy, and reveal they pitched in 8.5% of its near $60 million cash-pile; and the socially responsible investment robo-advisor OpenInvest goes B2B, rakes in $10 million of VC funds, gives votes to passive investors, and slams mutual funds.
September 14, 2018 at 9:29 PM
Mike Alfred also exits BrightScope to follow brother Ryan into cryptocurrency sphere
With Mark Casady and Josh Brown as backers, the former BrightScope CEO raised a quick $1.5 million over the weekend, partnered with a third Alfred -- Eddie -- and set about casting light on 1,000 cryptocurrencies for hedge funds
January 24, 2018 at 4:13 AM
Incredulity hovers over LPL's retro -- or is it inspired? -- choice of original 1983 employee Jim Putnam as chairman
As the 14,000-rep broker-dealer gropes for a post-DOL, post-digital future, it'll rely on the old-school standard bearer to shepherd new CEO Dan Arnold
March 10, 2017 at 8:05 PM
How a $4-billion OSJ jumped ship from Lincoln Financial to LPL just before the Mark Casady step-down in search of safe harbor in the eye of DOL-rule storm
Lincoln wins in that Integrated Financial Partners still gorges on its products but CEO Paul Saganey likes the better control over fees under LPL
December 12, 2016 at 7:47 PM
Mark Casady quietly became co-founder of venture capital firm and, pre-post-LPL, it's making noise
The departing LPL chief is one of two general partners of Vestigo Ventures, which bought a stake in LifeYield -- an advisor software company
December 8, 2016 at 9:59 PM
LPL takes selling off the table and takes out boisterous Mark Casady at CEO in favor of quiet Dan Arnold
The firm's future as an independent public company is assured for now but the abrupt shift in management style poses new questions
December 6, 2016 at 12:52 AM
LPL shares spike despite CFO downplay of buyout prospects as CEO Mark Casady reveals 'large programs' at banks are kicking LPL tires
DOL rule spurs banks that seek to ship broker-dealer business its way to counterbalance DOL downers
November 9, 2016 at 9:25 PM
As Bernie Clark and Walt Bettinger go on offense, LPL and Wells Fargo names get named and a B2C robo dry-up gets foretold at Schwab IMPACT in San Diego
The Schwab CEO, buoyed by his robo, robust quarterly results and DOL fallout at competitors is on offense -- a state of being RIAs can relate to
October 28, 2016 at 6:41 PM
LPL Financial share price tumbles to pre-hostile bid levels in atmosphere of eerie calm
LPL reps shrug their shoulders over a possible sale and investors seem in no hurry to buy but experts say the B-D has what PE loves -- lousy growth but terrific cash flow
October 21, 2016 at 6:57 PM
LPL is for sale -- in whole or part -- and Wells Fargo at least makes the list of potential buyers
Goldman Sachs, which led the IPO, is now shopping its baby even as hedge funds swarm, Reuters says
October 11, 2016 at 8:58 PM
How LPL's wolf pack of hedge funds only added to its stake, even as a mini-faction of non-hedge directors tried to hold them in check
As the Boston IBD's annus horribilis continues unabated, PE-friendly directors are joining the board with little opposition
