Cary Street Partners

DealFlow: M&A roundup for 3.14.12

Deals this month for Cary Street Partners, Ewing Bemiss, Matrix Capital Markets and a huge deal closed by BB&T Capital Markets.

Rules changing for the money management game

Customers across the board expect lower prices, and in the wealth management game, that means lower fees. On the plus side, many of the smaller firms in town say they are successfully luring away clients who formerly worked with larger financial advisors.

First Market Bank bought by Union Bankshares

Richmond-based First Market Bank was acquired by Union Bankshares Corp. in an all-stock deal valued at about $100 million. The new holding company will move its headquarters from Bowling Green to Richmond, although that will only bring a few jobs downtown.