Citigroup's LegacyFeb 1, 2009Christina Mucciolo Here's something that may get Smith Barney advisors' blood boiling: Former CEO and Chairman Sandy Weill is still enjoying his 10-year employment agreement... Bottom-Feeding REITsFeb 1, 2009By Jennifer Popovec Investing in non-traded REITs that are raising money to buy (discounted) properties may offer substantial total returns five to seven years hence... Comings & GoingsFeb 1, 2009
Fidelity named Peter Cieszkoas as president of Fidelity Investments Institutional Services Company. Cieszkoas was formerly president and chief executive... The Stock Doc: New Year, New HabitsFeb 1, 2009By Dr. Alden Cass It was yet another cold and rainy January morning in New York City and the NYSE's morning bell would not be rung for another hour. I sat in my office... Career Moves: What’s In A Move?Feb 1, 2009By Mindy Diamond Sure, money is a big part of it. But consider all of the subjective factors, too.... Merrill Cuts TraineesJan 28, 2009By Halah Touryalai Let the penny pinching commence! ... Merrill Chief Sontag Vows “To Restore Pride”; Brokers Ask, Hey, Sontag, Where Is My Bonus and Junket?Jan 28, 2009By John Aidan Byrne Daniel C. Sontag, chief of Bank of America’s newly-acquired wealth management division (i.e. Merrill Lynch), fielded some tough questions Monday from miffed Merrill Lynch financial advisors. ... New Head, But Same Old Mission For Merrill's RetailJan 26, 2009By John Aidan Byrne Bank of America named general counsel Brian Moynihan, an executive well versed in legal and business principles, to replace John Thain. ... Thain Departs BofA—An $87,000 Rug? Say It Ain't So, John! Client AUMs Fall By 30 Percent In 2008Jan 22, 2009By John Churchill John Thain, former CEO of Merrill Lynch and the man who engineered the sales of the storied Wall Street firm to Bank of America in September, is leaving the combined firm "immediately," according to a report from CNBC. ... Dropping Client Assets And Jet FleetsJan 21, 2009By Christina Mucciolo Citigroup, which reported a whopping $8.29 billion fourth-quarter loss on Friday, should take a harder look at its balance sheet. ... Citi's Global Wealth Mgt Unit: Retail Clients Flee; Merrill Drags DownJan 16, 2009By John Churchill Everybody knows that Citigroup announced yesterday it was putting itself out of its misery. ... Are We Mostly Crooks? High-Flying Fraudster (Literally) Equals More Bad Publicity For Financial Advisory ProfessionJan 14, 2009By John Churchill Marcus Schrenker is no Bernie Madoff, that's true. ... Citi, Morgan Stanley Agree To Form Joint Venture; Reps Will Receive Retention Bonus—Gorman Says: “We’re Not Stupid”Jan 13, 2009By David Geracioti It’s official: Morgan Stanley will pay $2.7 billion to acquire a 51 percent stake in Smith Barney, Morgan Stanley and Citigroup management told Registered Rep. this afternoon. The agreement was signed today. The deal will close in about six months, says Morgan Stanley Co-President James Gorman. ... Citi Grabs a Lifeline, Morgan Stages a CoupJan 12, 2009By Halah Touryalai Despite a $45 billion capital injection from the government in 2008, Citi is in dire enough need of capital that it is planning to spin off its retail brokerage operation, Smith Barney, according to reports, in a joint venture with cross-town rival Morgan Stanley. At least one analyst says Citi also hopes the deal will save Smith Barney, where disgruntled advisors and clients are said to be exiting. ... Citi: What Sandy Built, Pandit Will Dismantle?Jan 9, 2009By David Geracioti, and staff So much for Citi CEO Vikram Pandit’s endorsement of the universal banking model. ... Motion To Dismiss In Arbitration? Not So Fast.Jan 8, 2009By Halah Touryalai Firms and advisors facing disputes in arbitration will have a tougher time getting the case dismissed thanks to a new dispute resolution rule, FINRA announced today.... Sontag Takes McCann’s Job At MerrillJan 6, 2009By John Churchill Dan Sontag has replaced Robert McCann as head of Merrill Lynch’s brokerage unit. ... Merrill’s McCann Clashed With ThainJan 6, 2009By John Aidan Byrne On Monday, Bob McCann, a popular Merrill veteran who led the firm’s 16,850-person “thundering herd” of brokers, resigned. ... Calling All Outstanding AdvisorsJan 6, 2009By David A. Geracioti We present our annual Outstanding Advisor Awards each May, but we’re always on the lookout for charitably inclined financial advisors. ... Wow, What A Deal!Jan 1, 2009John Churchill Zero Percent Treasuries are flying off the shelves.... Great Expectations, Disappointing RealitiesJan 1, 2009By John Churchill Booming stock markets in the last five years saw many RIA firms sell a portion of their future cash flows in return for cash and stock in the acquiring firm. But as the stock market collapses, many RIAs who sold stakes to “roll-up” firms are scrambling to pay quarterly preferred disbursements.... Knock, Knock. Who's There? An Elated Edward Jones Advisor.Jan 1, 2009By Christina Mucciolo Jones advisors are happy—very happy. What’s with those guys anyway?... Wanting What Schwab’s GotJan 1, 2009By Brooke Southhall Fidelity has put together a team of all stars and invested heavily in technology to challenge the No. 1 in the RIA support business: Schwab.... Career MovesJan 1, 2009By Mindy Diamond Merrill Lynch’s retention package rewards high-end advisors rather than team effort.... The Independent Life in 2009: After The FallJan 1, 2009
Independents, RIAs and regionals are still standing—and they’re betting they will benefit from the crisis.... Living In LimboJan 1, 2009By Halah Touryalai AIG, now majority owned by the U.S. government, is shopping around its indie b/d subsidiary, the AIG Advisor Group. But only a small number of reps affiliated with AIG’s b/d have decided to bail. Why?... It's Buy TimeJan 1, 2009By Stan Luxenberg Some of the best fund managers say stocks are now a bargain.... The “Italian Dentists” Did ItJan 1, 2009By Nate Wendler Who is responsible for the current economic crisis? Surely, the blame lies squarely with a handful of greedy (most of them) rich executives–and not our collective get-rich-quick society.... Is It All Up From Here?Jan 1, 2009John Churchill Conditions are ripe for a rally, according to one money manager. But… ... Boom To Bust—And BackJan 1, 2009Kristen French Goldman Sachs is predicting a powerful earnings turnaround in 2010.... Comings & GoingsJan 1, 2009
The Securities and Exchange Commission named Charles Boucher chief information officer director in the Office of Information Technology, where he will... AIG Executives: Fat Cats Or Valuable Management Worth Keeping?Dec 4, 2008By David A. Geracioti Giving bonuses to company executives of a bankrupt, government-rescued company, now that’s a story most news organizations dream about. After all, nothing plays better than outrage—especially when you can play the greedy fat-cat theme, too. So, on its surface, AIG’s handing over $3 million to executives would seem absolutely outrageous. With all due respect to our friend Paul Tharp, the veteran newsman over at the New York Post, we think he miffed the angle of his story yesterday. He should have looked under the obvious story line for mitigating circumstances.... Cold CallDec 1, 2008Halah Touryalai Registered Rep.: How did your experience as an executive at Hewlett Packard as well as two technology startups help you when first launching your RIA?... Editor’s Letter: Not So HappyDec 1, 2008David A. Geracioti Editor-In-Chief Back in 2006, the theme of our 16th Annual Broker Report Card Survey was: We Love Management. Our survey of about 920 advisors revealed mostly positive... Wachovia Securities: Rolling Brokerage Gathers No LoveDec 1, 2008Christina Mucciolo Wachovia advisors (including legacy A.G. Edwards types) are clearly exhausted from the ride their firm has taken them on this year and it's not over yet.... |
Financial Services Company Watch List
Market index values delayed 15 min advertisement Most Popular Storiesadvertisement Client Prospecting Snapshot
|
About UsRegistered Rep. is the most trusted digital and print source for the retail investment professional, serving brokers, financial advisors, RIA’s, IBD’s, insurance, financial planners, and financial product companies with award-winning insight coverage of the brokerage, wealth management, fund and financial product industry as well as breaking news, data, rankings, and profiles. |
Most Recent Blog Posts
Follow Us
In This Issue: February 2012
Cover Story
Got the Social Media Spins? Help Is On The Way
A bunch of social media services have emerged to help financial services firms comply with regulations and make the most of social networks to build business. They've got big plans for 2012.
Back Issues
Registered Rep. eNewsletters
Subscribe today to get the news you need and information you want from our e-newsletters. To preview the current issue click on the newsletter below. Subscribe Today!
