Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Midwest Firm Integrates B-D Units Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, June 04, 2003

Midwest Firm Integrates B-D Units

by: Ki Kim

Minot, North Dakota-based Integrity Mutual Funds plans to merge its wholly-owned broker-dealer firms, Capital Financial Services (CFS) and ARM Securities Corporation (ARM), into one firm - Capital Financial Services.

The move was undertaken to boost operating efficiency and save money, and will not result in any layoffs, according to a prepared release.

As a result, the former ARM offices, which oversee 66 registered representatives in several Mid-west states plus California, will expand to full service. CFS is a full-service brokerage that provides investment products and services to independent investment reps, financial planners and advisors, and has 90 registered reps placed mainly in the Mid-west.

"By combining both companies," said Robert Walstad, CEO of Integrity, who added, "We will provide our customers with greater efficiency; eliminate a vast array of expenses; and create a solid platform for continued growth and expanded services of our independent broker dealer division."

With assets under management of over $300 million, Integrity Mutual trades over the OTC Bulletin Board under the symbol IMFD. With its subsidiaries, ND Capital, ND Money Management, ND Resources and Ranson Capital Corp., it sponsors, manages, and advises eleven mutual funds.

These include state-specific tax-exempt municipal bond funds in Montana, North Dakota, South Dakota, Nebraska, Kansas and Oklahoma. Integrity also sponsors a stock fund, an income fund, and two equity fund of funds that invest in funds managed by outside firms. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2020: Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use