Merrill Lynch reported earnings of $1.3 billion for the first quarter of 2004, a 95 percent increase from the same period a year ago. Pretax earnings...
For years, A.G. Edwards reps groused that the firm’s technology platform stunk—that is, it had a tendency to break down, not provide adequate information...
Back in 1981, when Philip J. Purcell helped engineer the odd-sounding merger of Sears Roebuck and Dean Witter, he had a vision. He knew the 401(k) legislation...
Edward Jones—a firm that hasn’t attracted much regulatory scrutiny over the years—has been under considerable fire of late, thanks mainly to previously...
Edward Jones—a firm that hasn’t attracted much regulatory scrutiny over the years—has been under considerable fire of late, thanks mainly to previously...
KeyCorp, one of the nation’s largest banking-based financial companies, has embarked on an effort to brand itself more clearly. When it’s done, virtually...
Since the mutual fund scandals broke six months ago, Congress has been largely hands-off with regards to reform efforts, but that is changing fast. The...
Since the Volatility Index (VIX) was developed in 1993 many traders have asked about a VIX-based product to trade. Good news – it’s here! VIX Futures...
Have you ever had a forecast for the CBOE Volatility Index, VIX? Not for the direction of a stock or of the market, but for the direction of the implied...
With other firms rapidly improving their recruitment offers to top candidates, Morgan Stanley is guarding against getting left in the dust. Industry recruiters...
Merrill Lynch handed CEO Stanley O’Neal his biggest paycheck ever in 2003—$28.14 million. According to the company’s 2004 proxy statement, O’Neal’s massive...
Fee-based brokerage showed faster growth than any other segment of managed accounts over the last four years, according to a new report from Cerulli Associates....
The SEC has put forth three proposals that could drastically change the way mutual funds are sold. Two of the proposals seek greater disclosure about...
Not quite satisfied with your big wirehouse? Neither are a lot of clients. According to J.D. Power & Associates’ “Full-Service Investor Satisfaction Study,”...
Look out, insurance companies and banks. The state of New York is coming after you next. In his opening remarks at the SIA’s Mutual Fund Reform and Public...
Jeff Gerson, a million-dollar producer at Smith Barney, remembers in the early 1990s, when the ability to act as a discretionary portfolio manager really...
Registered Rep. has begun accepting entries for its 24th annual Outstanding Broker Awards. Click here to get a copy of the entry form. (Completed forms...
The SEC has put forth three proposals that could drastically change the way mutual funds are sold. Two of the proposals seek greater disclosure about...
Consolidation of management positions continues apace at Wachovia with the departure of two regional presidents and the firm’s former “broker advocate.”...
Brokers have become more attuned to investor complaints in recent years, but they must be forgiven if they’re having a hard time drawing conclusions from...
A new study asserts that Wall St. firms are ready to address one of reps’ most common complaints in recent years: the lack of resources devoted to internal...
One of Merrill Lynch’s 10 regional managing directors, who report directly to senior management at the firm, has announced his retirement. Guy Williams,...
Even as advisors eagerly chase the business of retiring baby boomers, a large percentage of the working population remains in the dark about financial...
Cannon’s Concepts For Professionals: A Complete Library of Essential Financial Concepts
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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Extinct?: February's Cover Story