Registered Rep.: What do you say to those who claim your growth strategy is like that of former CEO Chuck Prince? Vikram Pandit: When I came onboard, we reviewed, in extreme detail, the various business lines of Citi, and I came away convinced...
Howard S. Lorch showed up at his first day of training uninvited. At his now defunct St. Louis firm Dempsey Kegler, Lorch was told he was more suited for social work than for the broker life. Not taking no for an answer, Lorch, a colorful...
I recently met with a wealth management team composed of three senior partners, two support staffers and one intern. They manage over $300 million in assets, and although they have culled their client list, they still have too many low-end clients...
Smart decisions are based on more than government statistics, agency reports, news releases, interest rates and stock quotes. We've selected a few fascinating statistics here that illuminate the markets, the world of financial services and big...
Name Firm City, State Est. AUM in $MM Yrs. in Biz Business Description/Specialty 1 Mark T. Curtis Smith Barney Palo Alto, Calif. 15,000 28 Private clients, corporate services, endowments, foundations, retirement plans. 2 Roger Coleman Smith Barney...
On July 3, 2003, registered representative Douglas J. Toth was named as one of several defendants by the New Jersey Attorney General and the New Jersey Bureau of Securities in a securities fraud civil action that alleged, in part, that he had made...
Recycling Scam Perp Busted: Paul Merklingler of Novi, Mich., raked in $7.2 million from five investors between September 2006 and July 2007 with a simple investment opportunity: interest in a tire shredding truck that a leasing company would lease...
Bugged offices, bogus Russian court judgments and a company named Pluton from Tatarstan run by a convicted murderer it sounds like a Tom Clancy novel. But it's not. In a July letter to update shareholders, Hermitage Capital Management described...
