Biggest Brokers May Be Too Acquisition-Dependent, New Industry Publication Reveals.Business Editors HARRISBURG, Pa.--(BUSINESS WIRE)--Jan. 8, 2004 'Broker Insights' from WFG WFG World Financial Group WFG Waiting for Godot WFG Woodwind Fingering Guide WFG World Freight Group WFG Wait-For-Graph (scheduling) WFG Weiland Financial Group, Inc. Provides Quarterly Review of Brokerage Sector's Financial Performance, Trends Third-quarter financial reports from the insurance industry's largest public brokers reveals a trend toward growth through acquisition versus organic growth. That's a key-finding revealed in the premiere issue of 'Broker Insights', a new quarterly publication from WFG Capital Advisors, a leading investment banking firm for the insurance industry. "Some of the largest brokers are not sustaining the appropriate level of organic growth that the industry expects," explains Steven Wevodau, WFG principal and an author of the analysis. "Our review of the largest brokers' third-quarter results confirms this trend toward growth through acquisition rather than the brokers internal organic growth. For a couple of firms, acquisition growth is surprisingly high and rising which raises the question whether their growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. are sustainable over the long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. ." The trend of shrinking organic versus acquisition growth is further evident when comparing the third quarter with composite year-to-date results, says the WFG report. The organic growth percentage slipped from 12.4 percent to 10.3 percent in that comparison of the brokers studied. WFG launched 'Broker Insights' as a response to the need for current, in-depth information on the major distribution market. Broker Insights goes into much more detail than most industry reports and provides the type of trends and analysis that people who follow the industry segment have been seeking in one, comprehensive report. Along with an examination of key industry developments that focuses on organic growth rates, the premiere issue of 'Broker Insights' includes: -- An analysis of growth rates of insurance operations by leading banks versus traditional brokers -- An evaluation of broker financial results, factoring in economic activity and product and rate trends -- A summary of stock performance, market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. , revenue and earnings of the leading brokers -- A review of brokerage mergers and acquisition activity Another unique feature of 'Broker Insights' is an in-depth company synopsis A summary; a brief statement, less than the whole. A synopsis is a condensation of something—for example, a synopsis of a trial record. of major brokers. In each issue, recent developments, performance metrics Performance metrics are measures of an organizations activities and performance. Performance metrics should support a range of stakeholder needs from customers, shareholders to employees [1]. and detailed company overviews will provide readers with cutting-edge snapshots of leading industry firms. "'Broker Insights' will provide industry professionals with valuable granular granular /gran·u·lar/ (gran´u-lar) made up of or marked by presence of granules or grains. gran·u·lar adj. 1. Composed or appearing to be composed of granules or grains. 2. data that previously was not available in one publication," says Rob Lieblein, WFG President and Managing Principal. Available through an annual subscription, 'Broker Insights' is distributed in electronic or print editions. To subscribe or review the premiere issue, contact WFG at (717) 780-7800 or click on the Publications link at www.wfgca.com. About WFG Capital Advisors WFG Capital Advisors LP, based in Harrisburg, Pennsylvania This article is about the capital city of the Commonwealth of Pennsylvania. For other places named Harrisburg, see Harrisburg (disambiguation). Harrisburg is the capital of the Commonwealth of Pennsylvania, a state of the United States of America. , is a leading investment banking and corporate financial advisory firm for the insurance and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industries. |
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