On Friday, hours after Wachovia Securities told managers that the firm’s financial advisors would not receive any retention bonus, Smith Barney and Morgan Stanley reps got some good news: Some extra cash is on the way. Top producers at both...
Talk of bank nationalization is heating up. The Wall Street Journal, and The Financial Times report that the government may take up to a 40 percent stake in Citigroup, citing unnamed sources close to the negotiations, though the Journal suggests...
The U.S. government has taken its pound of flesh from UBS today. According to a Department of Justice press release, Switzerland’s largest bank has settled with the U.S. government, admitting to helping U.S. taxpayers hide accounts from the...
There are some folks in the industry actually doing relatively well these days. Seriously. LPL Financial said today its new-ish RIA platform now has over $1 billion in new assets.
The curious case of Judith Patterson and the former Exxon president, whom she claims was her father, highlights the perennial problem of how to disinherit potential children born to unwed parents
Recruiter RoundtableGiven all the upset in the market and the demise of several major Wall Street firms in the past year, it seems like it is harder than ever to be a financial advisor. With that backdrop, The Next Move recently caught up...
Should I Stay or Should I go?With many advisors frustrated about the way management is running their franchises, more are starting to explore the independent channel. It’s still too early to tell. But changing jobs is certainly top of mind...
Should you use “Retirement Savings Planner 2009” software? The publisher of Retirement Savings Planner 2009, Professional Edition, suggests that this software is useful for financial advisors, financial planners, insurance agents, CPAs...
