Small Game Hunting
Anthony Sasso, who lives in Tinton Falls, N.J., with his wife, knows he's not Harbor Lights Financial's biggest client. He's 70 and recently retired.
Third Time Is a Harm
A NASD proposal to require that reps with three or more formal complaints against them receive extra supervision from their firms elicited a hue and cry
Wachovia Goes Halvesies
Keep it simple, stupid: That's the idea behind Wachovia Securities new grid one that offers a round 50 percent payout to brokers, once they pass a $9,000
Smith Barney’s Matthews Retires; Johnston Steps In
Tom Matthews, president of Smith Barney’s global private client group, is retiring from Smith Barney, firm officials announced today. Matthews, who had been with the firm for nearly three decades, started as a financial consultant and eventually served as second-in-command of the group.
Quietly Active
Perhaps it was the recent victory of President Bush that heartened this business-friendly crowd, or maybe it was the tranquil Boca Raton setting, but
Sallie Krawcheck Has Left the Building
When Sallie Krawcheck was brought in to run Smith Barney two years ago, she was hailed as a savior Mrs. Clean, the last honest research analyst and the
Serenity Reigns in Boca Raton
Perhaps it was the recent victory of President Bush that heartened this business friendly crowd, or the tranquil Boca Raton setting, but the annual SIA conference exudes an oddly serene tone.
Right Place, Right Time
It wasn't until Mal Makin walked into the basement of the building he'd just bought that he realized exactly what he was getting himself into. There had
The Tipping Point
Many former Prudential advisors have reached a tipping point in their relationship with their new firm, Wachovia Securities. They are dissatisfied with
Wealth Transfer? What Wealth Transfer?
The fabled, massive wealth transfer the Holy Grail of the financial services industry. Back when economists were simply talking about what the WWII generation
Citi Fined by NASD for Hedge Fund Marketing
Citigroup has been hit with another fine, this time for improper marketing of hedge funds. The NASD fined Citigroup Global Markets $250,000 for sending out more than 100 pieces of sales literature between July 2002 and June 2003, which, among other things, improperly used hypothetical returns in charts, failed to include adequate risk disclosure and cited potential rates of return without underlying evidence for it.
