Retail Financial Advisors’ Refrain: Let’s Kill The TradersFeb 11, 2008By John Churchill Brokers are bitter—and for good reason. Since the sub-prime slaughter began this summer, many of those at Merrill Lynch, Smith Barney, Morgan Stanley and the other wirehouse firms, have seen their net worth, tied up largely in deferred stock, cut by a third or more. ... Morgan Sells Spanish Retail Brokerage ArmFeb 1, 2008By Kristen French Morgan Stanley announced plans this week to sell its Spanish brokerage- and asset- management business to La Caixa, a Spanish financial-services firm, for $885 million... Do Your Clients Know Who You Are?Feb 1, 2008By Christina Mucciolo What to do with the securities industry's Depression-era regulations that have investors confused over the difference between a registered investment... Ian B. DavidsonFeb 1, 2008Christina Mucciolo Registered Rep: Cheers! It is your 50th year with Davidson Companies. How have advisors changed in that time? Ian Davidson: The entire investment business... No Gerontology for Us, But We'll Take Some More ETFs PleaseFeb 1, 2008Halah Touryalai With 77 million baby boomers approaching retirement, advisors are surely looking for ways to win their business. One way? Financial gerontology. That's... New Year, Same PromisesFeb 1, 2008Christina Mucciolo It may not come as a surprise that 58 percent of New Year's resolutions are finance related. Sadly, 51 percent of finance-related resolutions fall by... Home for SaleFeb 1, 2008By John Ransom As Citigroup, Merrill Lynch and other firms take write-offs of about $100 billion (and counting) due to the credit bubble, you might have had this gnawing... Big Perks For Big ProducersFeb 1, 2008By Mindy Diamond There are many benefits that top financial advisors (producing $1 million or more a year) receive when moving to a new firm. The most obvious is a handsome... Navigating The MatrixFeb 1, 2008By Donald H. Kelley A financial advisor we know recently left his big brokerage firm to go independent completely independent, as in setting up his own registered investment... Who Needs Ya?Feb 1, 2008BY NANCY N. DICOSTANZO In His New Book, Donald Trump admonishes us to Think Big and Kick Ass in Business and Life (Collins, $26.95). Tired of thinking small and failing to kick... Selling Yourself With a Book?Feb 1, 2008By Anne Field An advisor running his own RIA firm recently wrote a how-to book, fulfilling a long-held dream to become a published author. But, he wonders, how much... Reputation DamageFeb 1, 2008David A. Geracioti Editor-In-Chief Financial firms have written down more than $100 billion in capital (at the time of this writing). And, the destruction of capital is expected to spread... Ticker HeadsFeb 1, 2008By Christina Mucciolo Ignore the Next Big Thing? Who would do such a thing? The fee-based model, with its steady stream of revenue, is an attractive way of doing business for... Box O' RepsFeb 1, 2008By John Churchill It has been an embarrassing time for most big Wall Street banks. In the third quarter of 2007, NYSE-reporting firms posted their worst quarterly performance... Comings & GoingsFeb 1, 2008Halah Touryalai The Hartford Financial Services Group Inc. hired Peter Smythas its senior vice president and director of strategy, development and operations for International... China Bullish On Stocks Not SexFeb 1, 2008By Christina Mucciolo The word was the fourth most Googled word in China last year, beating out which was the most popular keyword on the search engine in other countries.... Derek BrutonFeb 1, 2008John Churchill Registered Rep.: LPL Financial bought three firms from Pac Life in the spring: Mutual Service Corp., Waterstone Financial Group and Associated Securities.... Philanthrophy For Middle-Class MillionairesFeb 1, 2008By Kevin McKinley Many would-be philanthropists struggle with choosing which charity will be on the receiving end of their giving. Complicating this choice is the fact... Power To The Propeller HeadsFeb 1, 2008By Lisa A. Cohen Much has changed since Elliot Spitzer's efforts exploded the well-entrenched preferred list model for mutual fund distribution. Centralized home-office... Merrill Kills ‘07 Bonus For McCann, Other Execs.Jan 31, 2008Kristen French Merrill Lynch will not pay 2007 bonuses to top executives—including retail brokerage head Bob McCann, the bank announced in an SEC filing Wednesday... UBS Announces Record Loss; Mortgage Mess GrowsJan 30, 2008By Kristen French It looks like the worst of the mortgage meltdown is far from over for the big banks. In a surprise warning today, UBS announced that it would post a record $4 billion ... Morgan Laying off 1,000Jan 24, 2008By Kristen French UPDATE: Morgan Stanley is laying off 1,000 people, primarily in tech, operations and support roles, according to the bank. Sources familiar with the situation said these jobs would be concentrated primarily in the wealth management, asset management and corporate divisions. ... Citi Losses Mount; Smith Barney Still Truckin’Jan 15, 2008By John Churchill Citigroup announced another whopper of a write-down in the fourth quarter; full-year results were dismal. That said, Global Wealth Management, which includes Smith Barney, was a bright spot.... Merrill’s Losses Continue To SurpriseJan 11, 2008By John Churchill Oops, looks like Merrill underestimated its quarterly loss—again. After an $8.4 billion write-down in the third quarter that resulted in $2.3 billion in losses, the fourth quarter is likely to be far worse.... Smith Barney Snags Three Advisors From RivalsJan 9, 2008By Halah Touryalai Smith Barney has started off the new year right with a recruiting victory. The firm recently hired three Merrill Lynch reps and one UBS advisor.... Desperately Seeking Advisors For RR’s 28th Annual Outstanding Advisor AwardsJan 9, 2008
We, the editors of Registered Rep. magazine, are officially opening our annual hunt for the best in the business. That’s right, we’re asking for nominations for the Outstanding Advisor Awards ... Merrill Slashes Trading JobsJan 4, 2008By Christina Mucciolo Merrill Lynch began a round of layoffs this morning: The dismissals reportedly kicked off at 7 a.m. on the trading floor, according to Wall Street news blog Dealbreaker... Morningstar’s “Best Of 2007”: A Dubious Distinction?Jan 3, 2008By John Churchill Financial research firm Morningstar announced today the three winners chosen as “Mutual Fund Managers of the Year.” But with many studies showing one year’s hot managers... Joe Deitch, CEO, Commonwealth Financial NetworksJan 1, 2008
Registered Rep.: Why would a wirehouse rep want to leave his firm and join yours? Joe Deitch: At Commonwealth, an experienced advisor can have the best of all worlds... Comings & GoingsJan 1, 2008Halah Touryalai Merrill Lynch appointed Nelson Chai as executive vice president and chief financial officer of the company. Prior to joining Merrill, Chai served as executive... CorrectionJan 1, 2008
In our December Annual Broker Report Cards story, we published incorrect numbers for Wachovia/A.G. Edwards. Wachovia actually scored 8.1 in the Work Environment... Paula Dorion-GrayJan 1, 2008By Halah Touryalai Registered Rep: Technology that's had the greatest impact on your business? Paula Dorian Gray: Pareto Client Management System, which allows us to provide... 60 Seconds: Rob FrancaisJan 1, 2008By Kristen French Registered Rep. spoke with Francais about competition in the wealth-management business. His firm, Quintile, recently agreed to merge with Kochis Fitz,... You Win Some, You Lose SomeJan 1, 2008By Halah Touryalai With so much buzz about the RIA world's rapid growth in assets and number of advisors, news about the other independent channel seems to be slipping through... Top Compliance Issues In 2008Jan 1, 2008By Susan Konig If you thought compliance and regulatory scrutiny couldn't get any more intense, welcome to 2008. Consumer protection is expected to be the driving force... |
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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.
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