The Party's OverMay 9, 2008,By Nancy N. DiCostanzo Thursday was no fun for G. Kennedy Thompson, as the board decided it was time for him to step down as chairman at Wachovia. However, he hasn't been voted off the island just yet. ... Gladiator FinanceMay 1, 2008,Nancy N. DiCostanzo Wall Street Warriors is now casting for its third season, and it's looking for warriors like you. Radius Productions wants four to five men and women... A FALSE SENSE OF SECURITYMay 1, 2008,BY JOHN CHURCHILL Are closed-end fund preferred-auction securities safe? We consider CFPs to be the conservative's conservative security. Defaults are even rarer than failed... The Clean Slate ClubMay 1, 2008,By Karen Donovan The proposed FINRA rule would change current practice-which renders arbitrations a virtual black box in which the arbitrators need not explain how they decide a case.... Cambridge Investment Research, Inc.Apr 1, 2008
Cambridge Investment Research, Inc. 1776 Pleasant Plain Road; Fairfield, IA 52556800.777.6080www.joincir.com Number of Back-Office Employees*: 245 Number... MEET THE INDIESApr 1, 2008
Let's face it. Choosing an independent broker/dealer to join isn't easy. There are literally thousands, and each firm claims to offer the best. In a continuing... Woodbury Financial ServicesApr 1, 2008
Woodbury Financial Services 500 Bielenberg Drive; Woodbury, MN 55125800-800-2000www.woodburyfinancial.com Number of Back-Office Employees: 259 Number... GOOD TIMES, BAD TIMESApr 1, 2008,By John Churchill If you work for one of the major wirehouses, you're in pain. If you're a commission-based rep, business is slow. And if you are a fee-based rep, your... Beating The BearApr 1, 2008,By Stan Luxenberg Academics have long scorned actively managed mutual funds. Instead of spending money on managers who attempt to beat the market (however that is defined),... Joseph DuranApr 1, 2008,David A. Geracioti Registered Rep: United Capital is a holding company that buys registered investment advisors (RIAs) all over the country. Describe your firm. Joseph Duran:... How Low Can You Go?Apr 1, 2008,By Stan Luxenberg With credit markets jittery and the economy on the lip of recession (or in recession, depending upon whom you ask), real estate funds have plummeted.... Sallie KrawcheckApr 1, 2008,David A. Geracioti Editor-in-Chief David Geracioti spoke with Krawcheck about a recently announced reorganization in the wealth-management division. Registered Rep.: For... Focused And Then SomeApr 1, 2008,By Stan Luxenberg Competing fiercely for the attention of investors, fund companies have brought out a wave of specialized offerings. Many of the choices which include... THE BEAR FACTSApr 1, 2008,David A. Geracioti Bear markets are shrinking. According to Leuthold Weeden Institutional Research, in a typical post-WWII bear market, the S&P 500 declined 30 percent over... CRANKY CLIENTSApr 1, 2008,BY ANNE FIELD It goes with the territory: During high-anxiety times like these, when market volatility makes even the strongest stomachs churn, you can expect to deal... CLIENTS IN YOUR POCKETSApr 1, 2008,Halah Touryalai Playing hopscotch from one firm to another, without losing all of your clients, may soon get a little easier. That is, if the SEC's proposed amendment... Use It Or Lose It: Tax Planning For 2009Apr 1, 2008,By Mollie Neal Ask a financial expert about the biggest pitfalls that small businesses encounter at tax time, and they'll probably point to a lack of planning. Last... SpitzenfreudeApr 1, 2008,Christina Mucciolo When Eliot Spitzer fingered ex-NYSE director Ken Langone for Dick Grasso's pay package, Langone told CNBC's Charlie Gasparino, One way or another, Spitzer... Giving And Saving With CLTsApr 1, 2008,By Kevin McKinley For almost 25 years investors have experienced general appreciation in the value of their investments. However, the last few months may have left many... Runaway Growth: Rep-As-Advisor Assets ExplodeApr 1, 2008,Kristen French Just over a year ago, fee-based brokerage accounts got the ax when the Financial Planning Association (FPA) successfully sued the SEC to overturn the... The Smart MoneyApr 1, 2008,David A. Geracioti Editor-In-Chief Talk about embarrassing: The credit debacle has shown just how dumb and greedy the (supposedly) smart money really is. Bear Stearns, natch, is the poster... Mini MessApr 1, 2008,Christina Mucciolo Fidelity Investments is paying big bucks ($3.75 million) in fines for, among other things, playing with little people. Thirteen Fido employees accepted... Take it or leave itApr 1, 2008,By Mindy Diamond The market may be ugly, and the economy may be teetering, but the major wirehouse firms aren't cutting back on the dough they're throwing at new recruits.... COMINGS & GOINGSApr 1, 2008,Halah Touryalai Wilkes Thomas Martin III joined Morgan Keegan & Co., Inc. as a financial advisor and senior vice president in the firm's Greenville office. Prior to joining... THE FAILURE CHAINApr 1, 2008,BY JOHN CHURCHILL Consider the Curious and Rather Grotesque Case of Gary J. Gross, a financial advisor from (where else?) Boca Raton, Fla. Gross' U4 is close to 100 pages... THE ECLIPSE OF PAPERApr 1, 2008,BY CHRISTINA MUCCIOLO RegentAtlantic Capital was ahead of the game. In 1996, the fee-only RIA in Chatham, N.J., went paperless a move that put it a decade ahead of its peers.... Raymond James Financial ServicesApr 1, 2008
Raymond James Financial Services 880 Carillon ParkwaySt Petersburg, FL 33716866.905.6333www.advisorchoice.com Number of Back-Office Employees*: 2,051... First Allied SecuritiesApr 1, 2008
First Allied Securities Advanced Equities Plaza655 W. Broadway, 12th Floor; San Diego, CA 92101619.702.9600www.firstallied.com /www.joinfasi.com Number... Wachovia Securities Financial NetworkApr 1, 2008
Wachovia Securities Financial Network One North Jefferson; St Louis, MO 631031.866.485.5383www.wsfinet.com Number of Back-Office Employees*: 7,000 Number... Will Dimon Offer Retention Package To Coveted Bear Advisors?Mar 24, 2008,By Halah Touryalai JP Morgan’s chief may have asked asked rival firms to back off from hiring Bear Stearns advisors, but that doesn’t mean competitors have stopped offering recruiting deals to anxious Bear reps. ... Earnings, Wealth Management Still Truckin’ at Morgan StanleyMar 19, 2008,By John Churchill Morgan Stanley reported better-than-expected first-quarter earnings today, at least temporarily easing investor nerves. Still, overall revenues and earnings were well below last year’s levels: Net revenue was $8.3 billion for the quarter, a 17-percent decline from last year’s first quarter. Earnings were $1.5 billion, down 42 percent from $2.3 billion in the first quarter of last year. But the wealth-management unit was again a bright spot, reporting increases in both revenues and earnings. ... Morgan Stanley Reorganizes Wealth-Management UnitMar 17, 2008,By Christina Mucciolo Morgan Stanley is streamlining its Global Wealth Management unit, reducing its four U.S. divisions (Northeast, South, Central, West) to two (South/West and Northeast/Central), according to an internal memo sent last week by Andy Saperstein, head of national sales. ... UBS Says U.S. Wealth Management Not For SaleMar 17, 2008,By John Churchill A spokesperson for UBS denied rumors, aired by CNBC last week, that the Swiss firm is contemplating a sale of its U.S. wealth-management business in order to raise capital. UBS has written-down billions of dollars related to mortgage-securities losses. ... Bear Sells To JP Morgan, Advisors Prepare For FlightMar 17, 2008,By Kristen French Bear Stearns reached a deal Sunday to sell itself to J.P. Morgan—at a fire-sale price. J.P. Morgan will pay $2 a share for the teetering bank, less than one-tenth of the price that its shares were trading for on Friday. That day, Bear’s stock plunged 47 percent to close at $30. Just a year ago, Bear shares were trading at $170. Recruiters say Bear advisors are very determined to leave, but the deal at least buys them some time to look for a new home. ... For Bear Reps, It’s Decision TimeMar 14, 2008,By Halah Touryalai By now, everyone on Wall Street knows Bear Stearns is in deep—well, you know what. But where does the firm’s state of emergency leave its 500 or so advisors? That depends on whom you ask. ... |
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