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As millions await stimulus checks, experts provide advice on how to best use them

Published on April 9, 2020 292 views

Those stimulus checks will be sent out to millions of Americans. Some will be in the amount of up to $1,200 per person, plus an additional $500 per child. Financial adviser George Conboy says it's crucial to make a list of bills that are most important and put the money towards that first.

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COVID-19 uncertainties slam brakes on M&A activity

Published on April 7, 2020 309 views

Companies are like people, says Brighton Securities Chairman George Conboy, whose firm serves as an M&A advisor to smaller business size buyers and sellers. A couple may be looking at a house, a car or some other high-price item but if the terms of the deal or their income changes, the likelihood that they are going to go ahead with that purchase is not very high, he explains. Lender banks don’t want to finance purchases either and stop lending. “It’s hard to get financing now because everyone wants to sit on their cash,” Conboy says. “Everything slows down because of that.”

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Student Loan Relief During COVID-19 Pandemic; What it Means for Borrowers

Published on March 27, 2020 293 views

George Conboy, Brighton Securities Chairman said, "This is all designed to get more money into the hand of, or keep more money in the hands of people who are paying students loans and who may have problems with loss of jobs, or loss of income, loss of employment, loss of daycare.” The measure issued by the federal government does not forgive your student loans, but it suspends some collection activities and suspends the accrual of interest for at least 60 days.

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Rochester in Focus: Coronavirus concerns impact Wall Street

Published on March 22, 2020 314 views

Brighton Securities Chairman George Conboy sat down with Lynette Adams to discuss what the coronavirus pandemic may mean for financial wellness.

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News10NBC interviews financial expert about coronavirus impact

Published on March 17, 2020 331 views

George Conboy, Chairman of Brighton Securities is answering questions about how to deal with the financial impacts of the COVID-19 outbreak.

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Brighton Securities Announces Opening of Lockport, NY Office, and New Hires

Published on March 16, 2020 306 views

Brighton Securities, a Rochester, NY based Financial Services firm, today announced that it has opened a new branch office location, located in Lockport, NY. This office opening coincides with the hiring of our newest financial advisors, Scott Huntington and Tonya Huntington.

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Local expert shares tips after worst week for the stock market since 2008 financial crisis

Published on February 28, 2020 324 views

"The coronavirus scare has really brought a panic to the financial markets, and while panic can drive people in the short term, beware of acting on panic if it doesn't meet your long term objective," George Conboy, Chairman of Brighton Securities said.

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Financial advisers try to calm concerns after turbulent week for stocks

Published on February 28, 2020 322 views

Chuck Wade of Brighton Securities says uncertainty can sometimes trigger a turbulent market. “There have been several viral outbreaks over the last 20 years,” said Wade. “There has been a short-term impact in the markets, on the economy, and then in time, things tend to recover.”

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Ramachandran at Brighton Securities guides staff to rapid growth

Published on October 3, 2019 585 views

At the ripe old age of 33, Jai Ramachandran stepped into his new role as CEO of Brighton Securities, leaving behind his career in Manhattan at Oppenheimer Cos., where he served as director of communications and cloud services investment. In the five years that have passed, Brighton Securities has doubled in size.

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Rochester Business Journal has selected its 25th class of Forty Under 40 award winners

Published on September 13, 2019 692 views

The Rochester Business Journal has selected its 25th class of Forty Under 40 award winners. The honorees are men and women, under the age of 40, who have achieved professional success and who have also made significant civic contributions to the community. Jai S. Ramachandran, CEO of Brighton Securities has been selected as a Forty Under 40 award winner.

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Top Workplaces: How Brighton Securities made it to the top by listening to employees

Published on March 27, 2019 1080 views

​​​​​​Brighton Securities has its 50th anniversary to celebrate this year — and it will do it as the No. 1 small employer on the 2019 Top Workplaces list.

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50 years in, Brighton Securities stays true to independence

Published on February 28, 2019 1163 views

For many in the Western New York market, being acquired is usually the end goal, said Doug Hendee, chief sales officer at Brighton Securities. You build up a reputation and then sell off once you hit a certain point. But that’s not the plan for Brighton Securities. Now entering its 50th year, the firm is proudly independent, and rather than being acquired, they seek becoming an acquirer.

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Local businesses and consumers prepare for rising prices amid trade war with China

Published on July 6, 2018 1575 views

“The goal is to develop more American jobs by buying less from overseas and having it produced domestically. That’s a lot easier said than done,” said George Conboy, Chairman of Brighton Securities. Conboy says a trade war and tariffs is rarely good for consumers, and if it lasts more than a few months, it will hurt both the U.S. and China.

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Legalizing recreational marijuana could mean more green for economy

Published on June 19, 2018 1579 views

Brighton Securities Financial Analyst George Conboy believes it could have the same impact here in New York. He said in the 2016-17 fiscal year, the state took in $500,000 on medical marijuana related products. “It seems likely, if recreational marijuana is legalized, tax revenue would rise markedly,” Conboy said. “My opinion of Albany is they love any source of revenue that can enable more spending.”

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“By age 35, you should have twice your salary saved.” Is that realistic for millennials?

Published on May 25, 2018 1609 views

This hour, we discuss these stories, the financial landscape for millennials, and whether or not these perceptions ring true. In studio: - Sarah Jones, PR account executive with Dixon Schwabl - Matt Wagstaff, manager of new sales channels at BCBS - Chuck Wade, vice president and financial advisor for Brighton Securities

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Brighton Chamber of Commerce to host awards luncheon

Published on May 21, 2018 1597 views

Brighton Securities is the recipient of the chamber’s 2018 Building Pride in Brighton Award. This award was established in 1993 to provide public recognition to a business that has improved the quality of life in Brighton through property enhancements or outstanding achievements.

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Rochester's Top Workplaces 2018: The List

Published on March 28, 2018 2026 views

Here are Rochester's Top Workplaces for 2018. Click on the links to learn more about each. The winners were announced at an awards ceremony on March 28.

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Brighton Securities Announces New Hires

Published on February 14, 2018 1858 views

Brighton Securities announces the following new hires: Raymond DeMonte Jr. as a financial advisor; Giavanna Garling as a financial advisor; Lori Alberts as a compliance manager; Jaemoy Grey as an investment banking analyst and Dianne Bell as an operations associate.

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Xerox agrees to cede power to Fujifilm to form Fuji Xerox; 10,000 jobs to be cut

Published on January 31, 2018 1953 views

Under the deal, Xerox shareholders will receive a $2.5 billion special cash dividend, or approximately $9.80 per share. Xerox shareholders will hold a 49.9 percent stake in Xerox holdings. Fujifilm will hold a 50.1 percent dividend.

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George Conboy of Brighton Securities weighs in on Xerox-Fujifilm deal

Published on January 31, 2018 1880 views

Wednesday morning on Good Day Rochester, George Conboy of Brighton Securities discussed what the new agreement could mean for Rochester. Conboy says the 10,000 job cuts include jobs from Fujifilm, not just Xerox.

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Xerox at a crossroads as top investors push for big changes

Published on January 26, 2018 1961 views

While there are no guarantees, Icahn, the insurgent in this scenario, has a decent chance of rearranging the current board, said Brighton Securities Chairman George Conboy. “Xerox has been a vaporizer of shareholder value," said Conboy. "As a Xerox shareholder, I would be favorably inclined to hand the keys to somebody who might have a better chance of making me some money.”

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Kodak joins the cryptocurrency craze

Published on January 10, 2018 1852 views

It doesn’t seem likely to me that introducing a photo linked crypto-coin will be a long term growth strategy for Kodak, but it is possible that use of blockchain technology could be a benefit for some photographers trying to ensure they get residuals for their photographs,” Conboy said. Conboy added that “blockchain technology that underlies crypto currency will have many legitimate uses in a number of industries. But the idea that any industries or specific companies will be able to make a profitable use of a specific created crypto currency, that’s a much harder leap to make.”

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Kodak shares soar on news of cryptocurrency venture

Published on January 9, 2018 2017 views

"The real concern in the financial community is whether Kodak's senior management has come up with this idea as a way to boost the stock price and let short-term holders cash out," said George Conboy, chairman of Brighton Securities. Conboy says that analysts have been concerned for several quarters that Kodak's core businesses didn't seem to be taking the company in a positive direction. He's skeptical whether this cryptocurrency initiative represents a sustainable business.

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Kodak launches its own cryptocurrency system

Published on January 9, 2018 1825 views

Chairman of Brighton Securities George Conboy doesn`t think the deal is as good as it sounds. “History will prove whether this turned out to be a smart move. I wouldn’t be willing to wager my money that is going to be the salvation of the new Kodak,” said Conboy

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Rochester mall hours to be cut in January

Published on December 4, 2017 2043 views

Beginning January 2, 2018, hours at all three Rochester-area shopping malls will be cut by 30 minutes. "You can restrict hours and probably not reduce your sales in any meaningful way," said Brighton Securities Chairman, George Conboy.

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More retailers battle financial trouble

Published on November 7, 2017 1871 views

As more retailers face huge amounts of debt, George Conboy, chairman of Brighton Securities, tells News10NBC what this could mean for shoppers.

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Experts say future outlook for Kodak is bleak

Published on October 30, 2017 2013 views

"If they continue in the direction they're going now, Kodak will not be around in two or three years from now." Certified Financial Planner, Doug Hendee says Kodak's stock price is indicative of the trouble facing the company.

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Xerox 3rd quarter numbers: some declines, but the report tops estimates

Published on October 26, 2017 2026 views

At Brighton Securities, George Conboy says Xerox still needs to increase sales, but it is holding steady for now. “With sales down, about six percent, year over year, there’s more of the same of what we’d expected from Xerox for a long time. This is a company that appears to be continuing to be struggling, but a company that continues to be profitable.”

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Kmart stores in Victor and Chili to close

Published on August 24, 2017 2384 views

Kmart stores in Victor and Chili are among more than a dozen locations that are set to close this year. "It was only a matter of time" said George Conboy, Chairman, Brighton Securities.

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Crowds line up for tickets ahead of Powerball drawing

Published on August 23, 2017 2137 views

It wasn't just people hoping to cash in. It was entire offices, too - like Brighton Securities. "The odds of winning the Powerball are roughly zero, to be quite candid," said George Conboy of Brighton Securities. "Your odds are essentially zero with one ticket, and zero with 100 tickets."

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Brighton financial expert breaks down latest DOW milestone

Published on August 2, 2017 2154 views

The Dow Jones Industrial Average notched another milestone today, breaking above 22,000 for the first time. Chairman of Brighton Securities, George Conboy joins us in studio to talk about this milestone and what it means.

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George Conboy On Dow Jones Record with Kimberly and Beck

Published on August 2, 2017 2162 views

George Conboy discusses the Dow Jones Record with Kimberly and Beck.

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Xerox earnings: profits beat estimates, revenues a little lighter than expected

Published on August 1, 2017 2129 views

At Brighton Securities, George Conboy says this quarter looks a lot like some recent quarters. He says Xerox still needs to shore up sales. “To me it looks like Xerox will need to diversify their revenue base; they’re making equipment and they’re selling services to go with that equipment, but both major forms of business have been down now for some time.”

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Daniele family reacts to Amazon buying Whole Foods

Published on June 16, 2017 2365 views

Financial analyst George Conboy of Brighton Securities said this move drives up the supermarket competition wars. "Wegmans’ flagship store is down on Monroe Avenue,” Conboy said. “We have a Trader Joe's right next door. If we have a Whole Foods down the street, you'll see these successful grocers battle it out for the consumer. Generally, when that happens, the consumer wins. We stand poised in Rochester to be the most competitive grocer market in the U.S."

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Bitcoin - A bubble or the currency of the future?

Published on June 5, 2017 2234 views

How much do you know about Bitcoin and cryptocurrency? The value of Bitcoin has gone through the roof recently. Is it a bubble or could it eventually replace the dollar?

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Rising student debt has a ripple effect on economy

Published on June 4, 2017 2258 views

"There is no question that the large student debt is a drag on the economy — dollars earned that have to pay off debt and not be used to buy a house, purchase a new car or start a family," said George Conboy, chairman of Brighton Securities, which is an investment brokerage and financial planning firm.

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Kodak Launches New 'Ektra' Smartphone Camera

Published on May 25, 2017 2239 views

Financial expert George Conboy says the Ektra is a niche market for Kodak. He says that Kodak is not the giant it once was, but selling in smaller numbers is still selling.

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Xerox's Ursula Burns retires from the board; new chairman named

Published on May 23, 2017 2478 views

“The fact that Xerox is still going, still making profits says there’s been an intense focus on cost control, she hasn’t been everyone’s favorite because she’s cut the headcount, but at the end of the day, the company’s still around, the company’s still making profits, and they’ve got a new change to grow.” Conboy says Xerox’s stock price didn’t do much while Burns was CEO, but at least the company has stayed in business where others have failed.

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Kodak, Xerox hold public shareholder meetings

Published on May 23, 2017 2245 views

As both Kodak and Xerox hold public meetings for shareholders today, George Conboy from Brighton Securities helps explain what shareholders should be looking for from the meetings.

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Kodak turns in a profit for the 1st quarter; sales decline

Published on May 9, 2017 2213 views

At Brighton Securities, George Conboy says overall, this was a pretty good quarter for the company. “I’d say this quarter was a mild plus for Eastman Kodak in most of their divisions, and a fair report on the top line, where sales declined only slightly and a decent report on the profit side, so all in all, plus for Kodak," Conboy told WXXI News.

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Xerox 1st quarter: earnings off a penny from Wall St. projections, revenues on target

Published on April 25, 2017 2225 views

At Brighton Securities, George Conboy says that while profit margins were up, sales were soft. “This is a company that I think you can expect to find over the next 6, 9 months, 18 months will continue a very strong focus on restructuring to get to a place where they can get sales that will sustain the company because they’re not there yet.”

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Top Workplaces: Brighton Securities

Published on April 6, 2017 2319 views

Brittany Weeks, an Office Assistant at Brighton Securities, said "it's the relationships at the financial services firm that makes getting up and coming to work enjoyable." "Ideas and suggestions are valued by the firm," said Christina Gregory, the Marketing Coordinator at Brighton Securities.

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Brighton Securities turns ideas into action

Published on April 6, 2017 2357 views

But what factors into being named a Top Workplace? For Brighton Securities, it comes down to an open-door policy, involving all employees in decisions that affect them, and implementing ideas from employees, Jai Ramachandran CEO, said.

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Rochester's Top Workplaces 2017: The list

Published on April 6, 2017 2571 views

Here are Rochester's Top Workplaces for 2017. The winners were announced at an awards ceremony on April 6.

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How will New York pay for free tuition?

Published on March 29, 2017 2438 views

"It will have to get paid for somehow. It will either be other things will get cut, or taxes will go up,” said George Conboy, Brighton Securities chairman.

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Webster team part of Xerox's largest product launch ever

Published on March 29, 2017 2349 views

"Quite frankly, they have to do it," said George Conboy, Chairman of Brighton Securities. "Xerox has to make sure they stay current and integrate their documents processes with the kinds of devices that workers are used to using.

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Business Report: Future of Bausch + Lomb; who gets impacted by rising interest rates

Published on March 20, 2017 2261 views

Amajor investor in Valeant decided to sell his shares in the company, George Conboy of Brighton Securities ponders what that might mean for the future of B + L going forward.

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Kodak turns a profit in 2016

Published on March 7, 2017 2314 views

Revenues in 2016 totaled about $1.5 billion down 10 percent from the year before.At Brighton Securities, Chairman George Conboy says the company has seen slow improvement. “Kodak sales still declined in the quarter, but not by much, and they actually turned a profit, a nice improvement from what we’ve seen in previous years.”

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Excellus CEO sees 9% pay hike

Published on March 2, 2017 2320 views

The increase for Booth was "generous," given the marketplace and community, said George Conboy of Brighton Securities. As for the company's overall performance, being a nonprofit health plan, Conboy said it appeared Excellus was "doing a good job."

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Hedging a tool for firms facing currency flux

Published on February 24, 2017 2695 views

“When people think about managing currency risk, they think of flashing red and green lights on a screen watching the euro,” said Jeff Morse, managing director of corporate finance for Brighton Securities Corp., who has worked with a number of clients on hedging strategies. But currency hedging is more like insurance than an investment strategy when it comes to businesses that buy or sell abroad, he argued.

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Xerox reports earnings for document technology business

Published on January 31, 2017 2347 views

At Brighton Securities, Chairman George Conboy says getting those sales numbers up really is Job 1 for Xerox. “This quarter was a little better ...

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A comeback for Kodachrome? Maybe, Kodak says

Published on January 26, 2017 2512 views

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Financial Analysts Say 'Trump Bump' Helped Dow Jones Reach 20,000

Published on January 26, 2017 2467 views

“There’s been a lot of promises that are pro-business, pro-economic growth, so that is part of the optimism that’s baked into the numbers right now," said Brennan Redmond of Brighton Securities. "So that’s good, but it’s a double edged sword, because if t

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Dow Jones hits historic 20,000-point mark

Published on January 25, 2017 2414 views

George Conboy of Brighton Securities said the average can act as a way to measure consumer optimism. “An analyst will tell you that the meaning is very modest, because the Dow Jones Industrial average is a median composed of only 30 companies,” said Co

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Small Business Spotlight: Brighton Securities

Published on January 14, 2017 2436 views

Brighton Securities again made the most recent list of the Democrat and Chronicle’s “Top Workplaces.” Jai Ramachandran said the firm’s open-door policy plays a big part in achieving that recognition.

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What do newly released court papers on Assemblyman Nojay reveal?

Published on December 19, 2016 2491 views

George Conboy, Brighton Securities: “Most people come across a lawyer's escrow account when they sell a house, for example. You go to the closing, your house is sold. In a few days or a week after the transaction the lawyer will send you a check for the

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Not just the election: Is Russia also influencing our gas prices?

Published on December 13, 2016 2430 views

George Conboy: "Supply and demand factors for any commodity, Berkeley, tend to be very self-correcting."

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Charter, telecom shakeup reverberates in Rochester

Published on November 15, 2016 2395 views

"There has been a lot of churn in the industry," Brighton Securities Chairman George Conboy said in a recent interview with the Democrat and Chronicle. "In looking at this I think consolidation in the industry is inevitable because there are a lot of comp

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The Dow reacts well to Trump

Published on November 11, 2016 2366 views

"It’s Wednesday. The sun will come up. The farmer will go in the barn. The cow will give milk. The chicken will lay an egg." - George T. Conboy

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Kodak Posts a profit in its latest quarter

Published on November 9, 2016 2375 views

Kodak is reporting another profitable quarter, although sales were down. But overall, George Conboy of Brighton Securities says this was a pretty good report. “There certainly is a positive in that Kodak is starting to print its quarterly reports in bl

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Windstream To Buy EarthLink

Published on November 7, 2016 2389 views

The statement about the merger refers to the two companies identifying $125 million in synergies. At Brighton Securities, George Conboy says he wouldn’t be surprised to eventually see that result in some local cost cutting. “I think it’s reasonable to e

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Brighton Securities Expands Headquarters

Published on October 26, 2016 2466 views

Brighton Securities has expanded its offices, adding three new conference rooms, a larger reception and waiting area, eight new offices and a dedicated wing for tax services. The wealth management firm has added 2,000 square feet to its Monroe Avenue loca

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Verizon to close Henrietta call center; 600 jobs lost

Published on October 13, 2016 2628 views

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Paychex continues to grow after more than four decades

Published on October 7, 2016 2363 views

Doug Hendee, chief sales officer and certificated financial planner for Brighton Securities, said Paychex is one of Rochester's "flagship companies" that's managed well despite being in a complex line of business. "From an investor's standpoint, that's what we look for," Hendee said. "They continue to grow and adapt their business to what the end-user wants and the stock has done very, very well."

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Local men raise funds to fight breast cancer

Published on September 26, 2016 2311 views

"In addition to wearing pink and raising awareness about breast cancer issues, these men will be raising funds to help the American Cancer Society save more lives from breast cancer," said Michael Crisona, senior market manager for the American Cancer Soc

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Valeant to report Bausch + Lomb results separately

Published on August 9, 2016 2334 views

"I suspect Valeant management would very much like to keep Bausch + Lomb," said George Conboy, an investor and chairman of Brighton Securities. "You only throw something over the side if you have to lighten the load of a sinking ship. It's not clear this

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Kodak reports profitable Q2

Published on August 9, 2016 2324 views

"The long, slow decline in the stock has been reversed," Conboy said. "And while it isn’t up to where it was at the beginning of 2015 (when it topped $22), stock prices tend to be a leading indicator. Meaning, it's not uncommon for a stock to react in adv

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Xerox's 2nd Quarter: Profits Improve; Sales Lagging

Published on July 29, 2016 2668 views

At Brighton Securities, Chairman George Conboy says the quarter was so-so, with earnings showing improvement, but revenues still lagging. “Profits were OK, a little higher than expected, it’s great that Xerox is profitable. Unfortunately, as expected, sa

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Xerox Increases The Size Of Its Board Of Directors

Published on June 28, 2016 2335 views

Xerox had already agreed to give Icahn three seats on the board of the business services company, but now, the Wall Street Journal reports he may have more of a say about the formation of both companies. Brighton Securities Chairman George Conboy is not

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Brexit Vote: Could It Affect Your Financial Plan?

Published on June 24, 2016 2265 views

We want to stay diversified, we want to make sure that we are looking at all those principles of investing and following those and this kind of event that we've seen so many times before we should be able to weather that fine," Brighton Securities senior

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How many jobs is Xerox cutting in Rochester?

Published on April 26, 2016 2552 views

"You risk demoralizing your workforce when you try to tell them that they shouldn't be open with your customer base," said financial analyst George Conboy with Brighton Securities. "No one wants their customers to think they're calling Guatemala or the Ph

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Connections: The Debate Over Uber And Lyft

Published on February 2, 2016 2343 views

We examine the debate over Uber and Lyft, and whether it's time for the state to allow them to operate across New York. Jai Ramachandran, CEO of Brighton Securities and an Uber enthusiast

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