Advisorland - Careers

Sallie Krawcheck Out at Smith Barney

Sep 22, 2008,

By John Churchill

Sallie Krawcheck, CEO of Citi’s global wealth management division, and once considered a potential successor to the CEO role, is leaving the firm. Her departure was announced internally to Citi employees this morning. A spokesperson for Smith Barney confirmed her departure, but was not available for further comment....

Morgan Stanley Talks with China, Wachovia; Dimon Says Stay Away from Morgan Clients

Sep 19, 2008,

By Kristen French

Morgan Stanley has held talks to sell up to a 49-percent stake to China’s sovereign wealth fund, China Investment Corp., which already owns a 9.9-percent stake in the firm, the Financial Times reported Thursday. ...

Morgan And Wachovia?

Sep 17, 2008,

By David A. Geracioti and Halah Touryalai

Morgan Stanley, one of the last remaining stand-alone Wall Street titans, is considering merging with Wachovia Securities, according to the New York Times and CNBC....

Morgan Stanley Earnings Up, Stock Down; Wealth Management Unit Raking In Assets And Advisors

Sep 17, 2008,

By John Churchill

Morgan Stanley, perhaps in an effort to quell investor fears that it was on similarly shaky ground as Lehman Brothers, pre-announced its third-quarter earnings yesterday, surprising analysts with census beating results. ...

Merrill Reps: Waiting For Retention News

Sep 17, 2008,

By Susan Konig

At a press conference early Monday morning, John Thain, chief executive of Merrill Lynch & Co., insisted that the firm’s employees supported being taken over by Bank of America of Charlotte, N.C. ...

AIG Saved; Biz As Usual For Its B/Ds

Sep 17, 2008,

By Halah Touryalai

After days of looming bankruptcy rumors, AIG’s life was spared last night thanks to the Federal Reserve....

Barclays Picking At Lehman Carcass; Clock Is Ticking

Sep 16, 2008,

By John Churchill

Barclays Capital (BCS), one of Britain's largest banks, is nearing a deal with Lehman Brothers to buy its core broker/dealer business, and is in talks to sell its investment management unit to one or more private equity firms....

AIG Needs Cash; Who Will Buy Its B/Ds?

Sep 16, 2008,

By Christina Mucciolo and Halah Touryalai

The $20 billion loan AIG was allowed to borrow against itself yesterday didn’t have much of an impact after S&P, Moody's and Fitch cuts its credit ratings last night. ...

AIG Stays Afloat—For Now

Sep 15, 2008,

By Halah Touryalai

Among those companies experiencing death or near-death on Wall Street in the past 72 hours is New York-based insurance conglomerate AIG. ...

Merrill Lynch Sells Itself To Bank of America: Update 3

Sep 15, 2008,

By Kristen French and staff

So why did John Thain do it? Well, he didn’t have much of a choice. ...

Brokers Charged In Fraudulently Selling $1bn Of ARS To Retail Clients

Sep 3, 2008,

By John Churchill

In the first case of its kind, the SEC announced today that it has charged two individual financial advisors with fraud related to the sale of more than $1 billion in auction-rate securities....

Generations

Sep 1, 2008,

By Kevin McKinley

Sometimes it’s in your clients best interest not to advertise the charitable donations they make....

Marketing: Blogger Branding

Sep 1, 2008,

By Tami Kamin-Meyer

When 25-year-old Russell Bailyn embarked on his career as a wealth manager in New York City with Premier Financial Advisors three years ago, his older brothers thought he needed a marketing tool that would differentiate him from the pack....

Case Study: SMAs Talk

Sep 1, 2008,

By John Kador

An advisor turns to outside separate accounts manager to help him turn a sophisticated prospect with tax-management issues into a client....

Small Business Advisor: The Seniorpreneur

Sep 1, 2008,

By Mollie Neal

More likely than not, you will soon have some seniorpreneurs on your client list....

Editor’s Letter: A Near Death Experience That Isn't Over

Sep 1, 2008,

David A. Geracioti Editor-In-Chief

In trying to fathom the amount of capital that financial firms have destroyed since last summer, I called an acquaintance who used to work at Merrill Lynch....

Cold Call

Sep 1, 2008,

Halah Touryalai

Brodie L. Cobb,Presidio Financial Partners, San Francisco...

Comings & Goings

Sep 1, 2008,

Halah Touryalai

LPL Financial appointed as Chief Financial Officer Robert Moore, who will report to chairman and CEO Mark Casady....

Whole Lotta Love

Sep 1, 2008,

By Christina Mucciolo

These days the wealth management divisions are the shining stars of wirehouse firms....

A Seller's Market

Sep 1, 2008,

BY JOHN CHURCHILL

Across the industry, one thing is for sure: The market for financial advisors is hot....

Are Fund Fees Excessive?

Sep 1, 2008,

By Stan Luxenberg

Plaintiffs' lawyers periodically charge that mutual funds impose excessive fees. But costs in the industry have been declining steadily....

The Eager Achiever

Sep 1, 2008,

Christina Mucciolo

Mary Deatherage...

The Smart Worker

Sep 1, 2008,

Christina Mucciolo

Howard S. Lorch...

The Executive's Advisor

Sep 1, 2008,

Halah Touryalai

On the first morning of his run as a trainee for Merrill Lynch, Brian Hetherington remembers standing near his desk unsure of what to do next. I got there...

Currencies: The Come-Back Greenback?

Sep 1, 2008,

By Brad Zigler

The dollar has been showing some spine lately. Is it time to buy dollars?...

Fighting Inflation

Sep 1, 2008,

By Anne Field

are going up, but you don’t have to let your expenses follow....

What Is Your Practice Worth? Plenty—If You Are Fee-Based

Aug 25, 2008,

By John Churchill

Considering selling all or part of your book? Buyers don’t seem to have a preference for a business model—whether you are an investment manager, say, or a financial planner; what they do care about are present and future revenue streams. ...

Politics Enters IndyMac Aftermath

Aug 21, 2008,

By John Churchill

The California Attorney General, Edmund “Jerry” Brown, is considering a request by 51 former IndyMac bank employees to investigate New York Democratic Senator Charles Schumer’s role in the collapse of IndyMac Bank. ...

Putnam, Janus Pay For Market Timing Scandal—But Did Anyone Really Lose Any Money?

Aug 20, 2008,

By Stan Luxenberg

In the fall of 2003, newspaper headlines blaringly announced the arrival of the mutual fund market-timing scandals. ...

OUTSTANDING SALES ASSISTANT NOMINATIONS

Aug 19, 2008

The editors of Registered Rep. are undertaking a comprehensive survey of sales assistants, and to complement our disclosure of the results, which will appear in our October issue, we would like to profile a number of outstanding SAs. But we need your help! We are counting on nominations of sales assistants from the financial advisors with whom they work to make our selection....

Ladies Get Millions In Smith Barney Discrimination Case

Aug 15, 2008,

By John Churchill

A federal judge gave final approval to a $33 million class-action settlement on Wednesday between Citigroup and current and former female financial advisors. ...

Ameriprise Buys H&R Block Reps

Aug 13, 2008,

By Halah Touryalai

Ameriprise Financial is 900 advisors stronger after it purchased H&R Block Financial Advisors (HRBFA) for $315 million in cash yesterday. ...

The News Is Ugly At UBS; Clients Flee; 2Q Earnings Are Worse Than Expected; Reorg Strategy

Aug 12, 2008,

By John Churchill

As you know, UBS reported a larger-than-expected second-quarter loss of $327 million today. Contributing to the dismal result was another $5.1 billion in U.S. mortgage related write-downs....