Edward Jones 2001 Complete Broker Comments 

Nov 26, 2001

A (Hiring/recruiting) “We’re very discerning. We get good people and put them through a number of steps before putting them into production.” (Payout)...

First Union 2001 Complete Broker Comments 

Nov 26, 2001

A (Sales support) “Not always easy to get questions answered.” (Quality support) “We don’t get our own sales assistants. We actually share one from a...

Merrill Lynch 2001 Complete Broker Comments 

Nov 26, 2001

A (Technology) “Lagging behind other firms on the street.” B (Hiring/recruiting) “We’re in a hiring freeze right now so nothing’s happening in that area.”...

Merrill Lynch 2001 Complete Broker Comments1 

Nov 26, 2001

A (Technology) “Lagging behind other firms on the street.” B (Hiring/recruiting) “We’re in a hiring freeze right now so nothing’s happening in that area.”...

Morgan Stanley 2001 Complete Broker Comments 

Nov 26, 2001

A (Hiring/recruiting) “It’s about average for the street. I don’t really get into that.” (Training) “There’s quite a bit of room for improvement.” (Overall)...

PaineWebber 2001 Complete Broker Comments 

Nov 26, 2001

A (Sales Assistants) “Both quality and quantity are lacking at this firm. Training: They don’t offer enough for the sales support people or the brokers....

Prudential 2001 Complete Broker Comments 

Nov 26, 2001

A (Overall) “Our overall image needs improvement, we need more upscale advertising and better promotion. The firm really doesn’t emphasize its products...

Smith Barney 2001 Complete Broker Comments 

Nov 26, 2001

A “I have no complaints.” B (Research): “I don’t think any firm’s research is good. All firms are too tied to companies. Small firms, regional firms,...

New SEC Chief Has No Qualms About Sign-on Bonuses 

Nov 12, 2001,

Michael Hayes

Unlike former SEC Chairman Arthur Levitt, new SEC chief Harvey Pitt isn’t opposed to sign-on bonuses for retail brokers. In a press conference at the...

Report From SIA’s Boca Bash 

Nov 8, 2001,

Michael Hayes, Senior Editor

The Securities Industry Association’s annual bash is going on as planned, although the agenda was altered after Sept. 11. To no one’s surprise, the mood...

Untitled 

Nov 6, 2001

Red Book Online places a wealth of information at your fingertips. With a few clicks of your mouse you can connect with a wide range of career resources...

Merrill’s New Compensation Plan Rewards Fee-Based Brokers 

Nov 2, 2001,

By Michael Hayes, Senior Editor

Merrill Lynch distributed its new compensation package to its retail sales force Oct. 29. Brokers serving $100,000-plus households and converting clients...

Dain Rauscher Renamed RBC Dain Rauscher 

Nov 1, 2001,

By Rick Weinberg, Online Editor

Dain Rauscher has been renamed RBC Dain Rauscher, effective today, according to the firm. Royal Bank of Canada (RBC) completed its acquisition of Tucker...

Merrill Fires Rep Over Credit Suisse Letter, Bloomberg Reports 

Oct 30, 2001

Bloomberg reports that Merrill Lynch has fired a broker over a letter the rep sent to clients advising them to yank funds managed by Credit Suisse Asset...

Ford Aligns With TD Waterhouse 

Oct 29, 2001,

By Michael Hayes, Senior Editor

Online brokerage firm TD Waterhouse has formed an alliance with Ford Motor Company to offer online financial services to Ford’s 146,000 employees in the...

Merrill on Managed Accounts: Still Growing, Redemptions Low 

Oct 23, 2001,

Michael Hayes, Senior Editor

Merrill Lynch reported this morning that its individually managed account business survived the events of Sept. 11 well, without lots of clients bailing...

Merrill’s O’Neal Clarifies Cost Reductions 

Oct 18, 2001,

Michael Hayes

One day after The Wall Street Journal reported that Merrill Lynch was looking to slash its spending in its retail unit by $300 million to $400 million...

Merrill’s Gorman on Client Ownership, Priorities, Broker Pay 

Oct 11, 2001,

Michael Hayes

Who owns the client ... the brokerage firm or the broker? Merrill Lynch retail chief James Gorman says the numbers answer that question quite clearly....

Ibbotson Offers Free Slide Showing Past Catastrophes 

Oct 11, 2001,

Dan Jamieson, Editor in Chief

Ibbotson has sent out to financial advisers an e-mail containing a presentation-quality slide showing what the market has done after previous tragic events....

SIA Reports Terrorist Attack Cost Industry Over $1 Billion 

Oct 9, 2001,

By Rick Weinberg, Online Editor

The impact of the terrorist attacks of Sept. 11 on the securities industry looks to be more than $1 billion. An SIA report estimates that the securities...

Recommended Reading 

Oct 4, 2001,

Dan Jamieson, Editor in Chief

Chicago Sun Times Story Shows Danger in Investing Alone...

Merrill Names New International Chief 

Oct 3, 2001,

By Michael Hayes, Senior Editor

Another top executive at Merrill Lynch has stepped down. The company announced today that Win Smith Jr. relinquished his title as president of Merrill...

Head of Retail Out at Piper Jaffray 

Oct 2, 2001,

By Rick Weinberg, Online Editor

Ross Rogers has been replaced as head of retail at U.S. Bancorp Piper Jaffray, having been replaced by Paul D. Grangaard, the firm announced today. A...

Merrill Lynch Eases the Way for Clients, Employees to Donate to September 11 Relief Efforts 

Oct 2, 2001,

Business Wire

NEW YORK--(BUSINESS WIRE)--Oct. 2, 2001--Merrill Lynch (NYSE: MER) today announced a new effort to assist employees and clients wishing to contribute...

Merrill Advances Commissions 

Oct 1, 2001,

By Mike Hayes, Senior Editor

Merrill Lynch advanced all of its retail brokers four days worth of production this month, in an attempt to help brokers through an extraordinarily tough...