Blotter 

Jul 1, 2006,

John Churchill

SEC Tackles Wachovia Insider...

As American Clients Go Global, So Too Must Their Advisors 

Jun 28, 2006,

By Kristen French

That familiar adage “think globally, act locally” doesn’t’ apply to the wealthy—at least not anymore. That’s because high-net-worth investors are increasingly thinking and acting globally: seeking international investment opportunities and living abroad part-time, according to the latest Merrill Lynch Capgemini World Wealth Report, released June 20. And that means wealth managers need to have greater expertise in global markets and professional contacts abroad, the report says....

You Leaving Me?—Mother Merrill Asks Some Top Producers If They’re Fixin’ to Depart 

Jun 27, 2006,

By Kevin Burke

If you are one of Merrill Lynch’s best financial consultants and you have been flirting with other brokerages or financial-planning firms, watch out: You could get hit with a Merrill loyalty statement....

Focus Financial Acquires Two More Firms 

Jun 22, 2006,

By Halah Touryalai

Focus Financial Partners, a New York wealth-management roll-up, continued its spectacular growth by adding two more firms to its collection. ...

Morgan Stanley Retail Reports Second-Quarter Gains 

Jun 21, 2006,

By Kristen French

Finally, some good news for Morgan Stanley’s retail brokerage. The unit reported strong second-quarter gains Wednesday, including an impressive surge in advisor productivity, which hit an all-time record for the firm....

Merrill Eyeing Overseas Wealthy, Banking for Small Business 

Jun 21, 2006,

By Kevin Burke

Merrill Lynch, on the prowl for strategic acquisitions, may look overseas for its next purchase in an effort to bolster its wealth-management business....

Advisor Demand Fuels Hedge Fund Arms Race 

Jun 21, 2006,

By Kevin Burke

While the rest of Wall Street is spinning off money management or figuring out a way to eliminate the perceived conflict of interest inherent in proprietary funds, Morgan Stanley is rolling out more homegrown products. However, instead of mutual funds or money market funds, the firm is pedaling funds of hedge funds....

NYSE Chief John Thain Attacks “Excessive” Regulation 

Jun 20, 2006,

By John Churchill

Speaking at the second annual NYSE Regulation conference in New York, NYSE Group CEO John Thain took on what he called “excessive” regulation as being one of the factors responsible for driving capital-raising activity outside the U.S....

Caps Off for Roth IRAs 

Jun 14, 2006,

By Halah Touryalai

The $70 billion tax cut that became law last month is good news for clients who want to open a Roth IRA for the first time...

In Switch, Company Sues NASD For Fraud, Says NASD Aided FBI In Creating Bogus B/D 

Jun 8, 2006,

Kristen French

A small cancer-research firm called Shimoda-Atlantic filed a lawsuit because, it says, the NASD helped several men, allegedly employed by the FBI, to create and perpetrate a fraudulent securities scheme against the company...

Here Comes Estate-Tax Reform—Maybe 

Jun 7, 2006,

By Rorie Sherman, editor in chief, Trusts & Estates magazine

Complete repeal, a cherished goal of the Bush Administration is viewed as highly unlikely, if a bill emerges, it will be some kind of compromise measure that preserves the tax but reduces the bite....

End of Settlement Talks Bring Students to Protest Against Merrill Lynch 

Jun 6, 2006,

By Halah Touryalai

Students protested in front of several Chicago-based Merrill Lynch offices one day after settlement talks between African-American reps who claim they were discriminated against and Merrill Lynch came to an end....

Edward Jones’ to Pay for Revenue Sharing, Still Faces Civil Complaints 

Jun 5, 2006,

By John Churchill

Edward Jones forced to pay back $75 million to clients to pay for revenue sharing...

Is Legg Mason Suffering Citi Indigestion? 

Jun 1, 2006,

By Kristen French

Is Legg Mason having trouble integrating Citigroup's funds? Shares of Legg Mason have fallen 15 percent since the firm announced earnings on May 10 that fell far short of analyst estimates....

Saving Land and Money 

May 31, 2006,

By John Churchill

For clients lucky enough to own land rich in natural beauty, they can save a bundle on taxes if they promise to basically preserve the property the way it is forever....

NYSE Cautions Investors on Following Brokers to New Firms 

May 26, 2006,

By Halah Touryalai

The NYSE has issued a release advising investors to be careful about following their brokers to new firms at a time when there’s been a big jump in the number of advisors moving from one brokerage house to another....

SEC Issues Its First Patriot Act Enforcement  

May 24, 2006,

By Kristen French

Over four years after the Patriot Act was passed, and following over a dozen anti-money laundering audits by the SEC, the regulator this week took its first enforcement action against a broker/dealer for violation of the law. ...

Employers Out of Touch with Future Retirees 

May 24, 2006,

By Kevin Burke

Investment firms and retirement pundits have beaten the drum incessantly about how ill prepared Americans workers are for their golden years. Now, perhaps predictably, we’re hearing a lot about employees expecting to work when they “retire”—though without a great deal of interest from employers in hiring them....

Brokers Ring Up Another Big Overtime-Pay Settlement 

May 22, 2006,

By Halah Touryalai

Citigroup has agreed to pay a record $98 million to past and present advisors to settle their overtime-pay claims....

ICI Skipper Sounds the Alarm On Retirement Savings 

May 17, 2006,

By Kevin Burke

With Social Security careening toward insolvency and defined-benefit plans falling by the wayside, baby boomers collectively are ill prepared for their coming retirement. Getting more folks committed to 401(k) enrollment at a younger age is crucial,...

Overtime Suits Are All the Rage 

May 17, 2006

Registered Rep.’s May cover story on the battle between brokers and their firms about overtime pay seems to be having a ripple effect. Last week, The Boston Globe reported that Smith Barney was facing an overtime suit filed by a Milton, Mass., advisor who claims he routinely worked 70 to 80 hours per week without overtime pay....

Monster Arbitration Ruling Against Ameriprise Unit 

May 17, 2006,

By John Churchill

An NASD Arbitration panel awarded 32 retired Exxon employees a total of $22 million in damages for losses suffered when their broker put most of their savings in variable annuities and B-share mutual funds....

Getting the Big Picture: Managing the Finances of Art, Antiques and Other Collections 

May 17, 2006,

By Kristen French

An often-overlooked area of estate planning is the financial management of a family’s art, antiques and other collectibles. But the financial advisor who works this into his practice can help his clients save millions of dollars, potentially end up with additional assets to manage and get to know the next generation....

Ryan Beck Readies IPO Number Two 

May 15, 2006,

By Kevin Burke

Ryan Beck wants its own ticker symbol. And who can blame the tiny regional brokerage after the recent wave of IPO successes enjoyed by rival U.S. brokerage houses?...

Is Dain Rauscher the Next Brokerage Buyer? 

May 12, 2006,

By Halah Touryalai

John Taft, chief executive of RBC Dain Rauscher, is aiming to have to 2,500 brokers within five years, and sees acquiring another brokerage unit as one of the way to reach his goal....

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Current Issue

Registered Rep Cover

Promises Will Be Broken

By Addison Wiggin
November 1, 2008

Are you factoring future Social Security payments into your clients’ financial plans? Bad idea.



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This reference book was updated for 2008 and now contains over 900 pages of information on essential financial concepts and wealth management strategies for your work with wealthy clients. The book not only contains brief summaries of each topic, but it also contains many useful diagrams and charts that can be used with clients when explaining difficult financial concepts. The information in this book meets current FINRA/NASD guidelines....

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