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.
Broke And Broker Blog Got something to say about investing or regulating Wall Street?
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
Senator Christopher Dodd plans to introduce his financial regulatory reform bill Monday without Republican support. He’s still hopeful that negotiations with Senator Bob Corker (R.-Tenn.) will succeed, however, he said in a statement Thursday morning. Previous negotiations with Senator Richard Shelby (R.- Ga.) fell apart last month. ...
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....
New rules aimed at preventing registered investment advisors from pulling off ponzi schemes take effect Friday. Among other things, RIAs firms that hold clients assets in custody will be required to undergo annual surprise audits, conducted by independent public accountants. ...
You know things are getting hairy when clients starting turning guns on their financial advisors. A disgruntled client opened fire on a financial advisor and his son in Dallas, Texas Monday afternoon. According to a colleague of the financial advisor, the gunman, Robert Mustard, 60, was unhappy about a bad investment he made in some Fannie Mae bonds. ...
The mainstream press on the left and the right is lately beating the drum for the fiduciary standard. It’s hard to know whether this kind of media attention will change any minds in Washington, but it could certainly influence brokerage clients, many of whom have already been migrating to investment advisers who act as fiduciaries on the RIA side of the business. ...
A new website is trying to cash in on the social networking craze and resolve some of the thorny regulatory questions that social networking sites raise for financial advisors. ...
A lot of veteran advisors in today's volatile environment - don't understand today's affluent investor. Here are some sales mistakes to watch out for. ...
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. ...
Mar 10, 2010 2:49 PM, By Andre Cappon, Guy Manuel, Stephan Mignot*
In all financial advisory sales forces—from stockbrokers to insurance agents to financial advisors and planners—trainee or “novice” producers go through an early career phase of three to four years, during which they learn the business, build a clientele and prove to themselves and to their employer that they are ready for a challenging but rewarding career....
The American Dream Planner is designed to develop and stress- test wealth accumulation, management and transfer choices. The software accepts unlimited investments, tax deferred accounts, real property and business interests, income and expenses. Plans can include Trusts (Bypass, Marital, ILITs, CRTs, GRATs), SCINs, marketability and minority interest discounts and other techniques with income, gift and estate tax calculations. Data rich and interactive pie, line and bar charts and tabular data and mail merge provide a source for customizable reports. All versions can share encrypted data. The Personal Edition is intended for individuals with current estates of less than $3-5M. ...
