Orange County to Merrill: We Still Blame You for BankruptcyAug 13, 2002,By Rick Weinberg Orange County to Merrill: We Still Blame You for Bankruptcy But we forgive Salomon, Lehman and J.P. Morgan It seems that Orange County, California, still... Orange County to Merrill: We Still Blame You for BankruptcyAug 13, 2002,By Rick Weinberg It seems that Orange County, California, still holds a grudge against Merrill Lynch. This afternoon, Orange County Board of Supervisors voted unanimously... Pru to Lowest-Producing Brokers: Improve or Be GoneAug 13, 2002,By David A. Gaffen Prudential Securities is warning brokers currently on the lowest rung of the ladder, telling them its time to improve their production and beef up their assets, or be let go.... Raymond James Ordered to Pay Wachovia $6.6M For ‘Improper Recruiting’Aug 12, 2002,By Rick Weinberg Raymond James Financial Inc. was ordered by an NYSE arbitration panel to pay Wachovia Securities $6.6 million for improperly recruiting two brokers and a branch manager, according to the exchange and the firms.... WORLD TRADE CENTER REBUILDING IS KEY TO REVIVING SAGGING DOWNTOWN NEW YORK MARKET, SAYS PRIMEDIA’S NATIONAL REAL ESTATE INVESTORAug 9, 2002
New Page 1 WORLD TRADE CENTER REBUILDING IS KEY TO REVIVING SAGGING DOWNTOWN NEW YORK MARKET, SAYS PRIMEDIA’S NATIONAL REAL ESTATE INVESTOR Is This A... Morgan Chief Purcell Says Stocks Are Attractive, Confirms that Spitzer Is Investigating MorganAug 9, 2002,By Rick Weinberg Morgan Chief Purcell Says Stocks Are Attractive, Confirms that Spitzer Is Investigating Morgan... Registered Rep. Names The 10 People Who Will Shape The Brokerage IndustryAug 8, 2002,Registered Rep New Page 1 Primedia’s Registered Rep. Names The 10 People Who Will Shape The Brokerage Industry Group Includes Elliot Spitzer, Charles Schwab and Harvey... Managed Accounts Continue to Grow, But SlowlyAug 7, 2002,By David A. Gaffen The total volume of assets in managed accounts grew only slightly in the second quarter, limited by poor returns in the stock market. Yet, brokers say that managed accounts are a tough sale, despite the obvious benefits that a consultative-based approach can offer clients.... PRIMEDIA’S REGISTERED REP. NAMES THE 10 PEOPLE WHO WILL SHAPE THE BROKERAGE INDUSTRYAug 7, 2002
New Page 2 PRIMEDIA’S REGISTERED REP. NAMES THE 10 PEOPLE WHO WILL SHAPE THE BROKERAGE INDUSTRY Group Includes Elliot Spitzer, Charles Schwab and Harvey... Schwab Joins The Crowd, Plans LayoffsAug 7, 2002,By David A. Gaffen Despite its against-the-grain advertising, Charles Schwab Corp. is succumbing to the prevailing winds sweeping Wall Street: The discount-cum-full-service brokerage is suffering. The firm is considering significant layoffs, according to an internal memo that was released on the Internet earlier this week, although the size and scope of the layoffs is unknown at this time.... Is This the Time for Married Puts?Aug 5, 2002
Has the new bull market begun? Or is the recent rally simply a correction to an over-sold condition? If your clients hope it is the former, but are reluctant... SSB Takes Over The Net’s Top SpotAug 5, 2002,By Alex McGrath There’s a new king of the hill when it comes to brokerage firm website rankings, at least according to Gomez’s rankings. For the third quarter of 2002,... O’Neal to ML Brokers: "We’re Strong and Getting Stronger"Jul 30, 2002,By Rick Weinberg Merrill Lynch president Stanley ONeal told several hundred brokers in Houston on Monday that the investigation by the New York Attorney General was a... O’Neal to ML Brokers: "We’re Strong and Getting Stronger" Calls the NY State AG’s Investigation a "Political Event," According to RepJul 30, 2002,By Rick Weinberg Merrill Lynch president Stanley O’Neal told several hundred brokers in Houston on Monday that the investigation by the New York Attorney General was a "political event, not a Wall Street event," according to a broker who heard the speech.... Ex-Solly Brokers Have a Bad Day in CourtJul 26, 2002,By Rick Weinberg Former Salomon Smith Barney brokers suing the firm about its controversial Capital Accumulation Plan (CAP) received a setback in Massachusetts federal court earlier this week when a judge denied a motion that would have let nine states claims be tried as one.... While Denying Wrongdoing, Sandy Apologizes For Enron RelationshipJul 25, 2002,By Rick Weinberg Salomon Smith Barney’s Sandy Weill told brokers and other employees in a letter that he “regrets” the company’s business relationship with Enron that... NASD, NYSE Sue California Over New Broker Arbitration RulesJul 23, 2002,By Rick Weinberg On July 1, California established a state law requiring private arbitrators to disclose potential conflicts of interest before hearing disputes between... The Smoking Gun?Jul 18, 2002,By David A. Gaffen Former SSB Broker on Grubman, IPO Allocations and the "Telecom Mafia"... The Smoking Gun?Jul 18, 2002,By David A. Gaffen Former SSB Broker on Grubman, IPO Allocations and the "Telecom Mafia"... Rich Investors Playing a More Active Role in Financial PlanningJul 16, 2002,By Ross Tucker Wealthy clients are becoming more savvy about investment opportunities, and that’s leading to a more collaborative relationship between them and their advisors, according to a Spectrem Group study.... Prudential Responds to "Chip Off the Old Rock" ArticleJul 16, 2002
... Account Aggregation Interest SluggishJul 12, 2002,By Rick Weinberg When account aggregation was first introduced four years ago, many brokers were ecstatic. With the new technology, clients could view all their account information via a single website. But interest is still low, according to a Spectrem Group report.... Reps’ Earnings Suffered Double-Digit Loss in 2001. New Reps Had It Worst, According to New SIA StudyJul 10, 2002,By Betsy Riley It’s official: 2001 stunk, with average total earnings plummeting by 17.7 percent in 2001 compared to 2000. But, on the bright side, more reps are switching to the much-extolled fee-based business model.... Regional Firms Get High Marks for Service: J.D. Power StudyJul 10, 2002,By Ross Tucker Investors of late have been more impressed by regional brokerage firms, which they feel are providing better services than most industry giants, according to J.D. Power and Associates’ first Full-Service Investor Satisfaction Study.... SSB’s Grubman Tells House Committee that He Had No Knowledge of WorldCom Fraud, “Saddened” that Investors Lost MoneyJul 8, 2002,By Rick Weinberg Salomon Smith Barney telecom analyst Jack Grubman said today at a hearing before the House Financial Services Committee that he regretted not lowering... |
Current Issue Promises Will Be BrokenBy Addison Wiggin Are you factoring future Social Security payments into your clients’ financial plans? Bad idea. advertisement
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