YSU follows Fonville Morisey's acquisition by Long and Foster. This is rather big local news, with another local "legacy" firm selling out to a larger company.
York Simpson Underwood going to Prudential is a real surprise to those of us who keep our noses to the grindstone, and only surface for a brokers' lunch now and then. For a successful family run company, it may be a great time to cash out.
I suppose we will see some a lot more mergers and acquisitions in the brokerage world, considering economic issues with burdening a significant number of large players.
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