Kevin Burke

Ryan Jacob
Ryan Jacob, the dot-com portfolio manager notorious for having lost 90 percent of client assets during the market collapse in 2000, has come full circle.
Cold Call
Registered Rep.: How'd you end up in Hawaii? John Robinson: My wife is from Hawaii. We married in 1996, and moved to her hometown of Honolulu. It was
The Hot Seat
When Bob McCann flew to Washington, D.C., on July 16 to meet with SEC Chairman Christopher Cox, it was a last-ditch effort to save fee-based brokerage accounts
“Injured” Banc One Fund Shareholders Finally Get Their Checks
For One Group Funds’ shareholders, the wait is over. Today, the SEC said that roughly $55.6 million in so-called “fair funds” have been distributed to more than 200,000 investors who were bilked by fraudulent market timing activity in certain Banc One mutual funds—the One Group Funds. (If you’re scoring at home, that’s about $278 per shareholder; the amount received was based on the amount invested.)
403(b) Plans Hot for Teachers (and Advisors) Amid Rule Makeover
Sweeping federal reforms on 403(b) plans should mean more demand for services from financial advisors, as plan sponsors (primarily K-12 public school districts and small not-for-profit organizations) try to manage the new requirements.
The Everyman's Advisor
Most financial advisors lust after rich people. Lust is perhaps an arresting choice of words, but it does accurately describe the intensity of desire
60 Seconds
Registered Rep. sat down with Mike Coffey to discuss 130/30 mutual funds, Mainstay's latest offering for advisors and an emerging trend among asset managers.
Small Fries, Big Flows
Here's a list of the fastest growing asset managers, based on percent change in AUM among firms with assets between $1 billion and $10 billion for the
Smith Barney Fined $50 Million for Market Timing; More Firms, Reps To Be Fined
So you thought the market timing scandal was over. Think again. While nearly all the mutual fund shops nabbed in the Eliot Spitzer-led trading investigation have settled with regulators, brokerage firms are still being put through the wringer for their involvement in illicit trading activity. Individual brokers who were involved in abusive trading may also be punished.
Ex-Merrill Broker Wins $1.6 Million in Rare Arbitration Award
An NASD arbitration panel awarded a former Merrill Lynch broker $1.6 million for wrongful termination and defamation, claims he had filed against his former employer. The award included compensatory damages of $400,000 plus interest and punitive damages of $1.2 million. Awards of that size are a rarity in arbitration cases brought by employees against brokerage firms.
Merrill Reports Strong Revenues, Adds 270 Advisors
Merrill Lynch’s retail brokerage arm turned in another strong quarter, as fee-based revenue continued to climb to record levels. Merrill Lynch Global Private Client saw its revenues increase by 13 percent to $3.3 billion from $2.9 billion in the year-ago quarter. The pretax profit margin for the entire Global Wealth Management division was 27.9 percent, up from 23.7 percent in the prior-year period, driven by the impact of the investment in BlackRock and prudent expense controls.
Individual Advisors Now In The Crosshairs For Directed Brokerage Payments
First it was the firms, now it’s the brokers. The carnage from the mutual fund scandal continues as regulators have moved over from settlements with fund companies and brokerage houses for alleged trading and sales abuses and are now aiming their quiver at individual registered reps.
Investor ARB losses mount
A new study suggests that the securities arbitration system is seriously flawed, because it's unfair to retail clients. It's an argument that has long
The Face(s) of Things to Come
Wachovia Securities' takeover of 120-year-old A.G. Edwards is a big deal a surprising deal, even. But not just because with 14,784 FAs and $1.147 trillion
Fund Fees Sink to Lowest Level in 25 Years, but Why?
Individual investors are paying less to own mutual fund shares, as fees and expenses have hit their lowest level in more than 25 years, according to research published Tuesday by the Investment Company Institute. In 2006, fund shareholders, on average, paid 107 basis points or 1.07 percent of assets in fees and expenses, including loads, which is four basis points lower than in 2005. Expense ratios on equity funds declined a combined 7 basis points during 2005 and 2006, the ICI says. If that rate of decline were to be sustained, stock fund investors would save roughly $4.6 billion a year.
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