JHS Capital Advisors Buys Paulson Investment Co.’s Retail Business
News from Sacramento Bee:

/PRNewswire/ — JHS Capital Advisors, a registered securities broker dealer and Registered Investment Advisor, is today announcing that it has reached an agreement in principle to purchase the retail operations of Paulson Investment Company, Inc. (Paulson), a wholly owned subsidiary of Portland, Ore.-based Paulson Capital Corp. (Nasdaq: PLCC). Terms were not disclosed. The transaction is subject to approval by FINRA.

Paulson Investment Co. has approximately 75 financial advisors who manage $ 1.1 billion of client assets, adding to JHS’s national network of nearly 100 advisors who currently manage in excess of $ 2 billion of client assets.

“With similar cultures and values, Paulson’s retail division is a natural fit for JHS and will assist both of us in advancing our business plans,” said Scott J. Bendert, JHS president and CEO.  “At JHS, we’ve experienced exceptional growth during the past year and this transaction further enhances our business development strategy.  We’ve continued to invest in our infrastructure and operations at the same time that we’ve been adding advisor teams to our firm, so we’re looking forward to working with the Paulson advisors as the newest members of the JHS network.”

“JHS shares Paulson’s commitment to operating with the highest level of integr…………… continues on Sacramento Bee

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Related News:

TEXT-Fitch affirms Fortress Investment IDR at ‘BBB’
News from Reuters:

Wed Feb 29, 2012 10:58am EST

Feb 29 - Fitch Ratings has affirmed the long-term Issuer Default
Ratings (IDR) of Fortress Investment Group LLC and its related entities
(collectively Fortress) at 'BBB' and affirmed the short-term IDRs at 'F2'. The
Rating Outlook is Stable. Approximately $  261.3 million of secured debt is
affected by these actions. A complete list of ratings is detailed at the end of
this release.   
        
The ratings affirmation reflects Fortress' competitive position as a global
alternative asset manager, experienced management team, stable cash flow
resulting from the contractual nature of its management fees, relatively modest
leverage, and the subordination of general partner interests to outstanding
indebtedness.   
        
Ratings are constrained by 'key man' risk, which is institutionalized throughout
many limited partnership agreements; reputational risk, which can impact the
company's ability to raise future funds; limited revenue diversity;
concentration of investments within many private equity (PE) fund vehicles;
management fee exposure to net asset value (NAV) movements, which Fitch believes
will yield higher management fee volatility over time relative to peers; and
secured funding profile................      continues on Reuters

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