RRBDLaw.com Contributing editor, Bill Singer, is a securities industry attorney who advocates on behalf of small- and mid-sized broker-dealers, registered persons, whistleblowers, and defrauded public investors.
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Registered Rep. teams up with Fortune magazine to present a look at this year’s Top 50 wirehouse advisors, Top 50 independents, and Top 50 RIAs. Rankings based on assets under management. Read More
The development and distribution of financial products has become a new world order. Momentum Partners, LLC and Registered Rep magazine have joined forces to help companies identify the opportunities created by these changes and to capitalize on them. Read More
Feb 8, 2010 4:17 PM, By David A. Geracioti, VonAldo.com
At last week’s TD Ameritrade Institutional’s national conference last week, there was much discussion about China. Is China’s growing economic might good for the U.S.? For the world? Is China, giving its despotic government, something to fear? Can China wreak havoc with the U.S. economy, interest rates and the value of the dollar? For more, please go to VonAldo.com, the blog of Registered Rep. Editor-in-Chief David A. Geracioti....
Most heirs fire their parents’ advisors after they’ve received an inheritance. Here are some inheritance planning tips that will ensure a successful transition and help you keep the heirs’ business....
UBS’s Wealth Management Americas division is aiming to bolster the Swiss bank’s brokerage, internally announcing significant management changes on top of a substantial reorganization: It consolidated three brokerage regions into two, and it named Jason Chandler as the new head of private wealth management, Registered Rep. learned exclusively on Friday....
The New York Attorney General’s office today charged Bank of America CEO Ken Lewis with fraud for failing to disclose material details about Merrill Lynch in its merger with the brokerage. The move takes the case one step further than the SEC did: The SEC charged only the bank itself rather than individual corporate officers. Financial services lawyers say there may be more bad news for Lewis down the line. ...
Bank of America plans to add 2,000 new brokers in 2010, mostly trainees. One analyst says Merrill may want these hires to help with BofA’s cross-selling efforts. ...
Fidelity announced the latest in a series of price cuts Tuesday. But the move has less to do with an ongoing price war between itself and Schwab than with the firm’s decision to eliminate discrepancies between pricing offered to its RIA clients and to its retail clients. ...
Will the regulatory push for a uniform fiduciary standard die on the vine? Brokers may not be best equipped to predict regulatory outcomes, but most of them do not expect such a standard to be implemented, according to survey results released today by Aite Group. ...
Leadership is a term that is little understood and rarely used to describe financial advisors. However, it is a key component of every elite advisor. ...
Proposed legislation could help encourage your clients to consider rolling over 401 (k) plans into retirement annuities. The legislation, Senate bill 2832, would amend the Employee Retirement Income Security Act of 1974, to focus greater awareness on lifetime income retirement planning. ...
In an effort to cut costs, some brokerage firms such as UBS and Morgan Stanley Smith Barney are restructuring their branch office organization and changing the rules about which managers must generate production. Consultants and recruiters are split over whether other firms will follow their lead, and whether requiring some branch managers to begin producing is even a good idea....
It's the beginning of a new year, which is always a good time to take stock of where you are in your career and define your objectives for the coming year...
Family teams are common in the wealth management industry and getting more so. Hiring family members can be an easy solution to finding a trustworthy
partner and a successor. But there are drawbacks.
