If you work for one of the major wirehouses, you're in pain. If you're a commission-based rep, business is slow. And if you are a fee-based rep, your fees are dropping along with the value of client accounts. And if you are in a deferred...
Wilkes Thomas Martin III joined Morgan Keegan & Co., Inc. as a financial advisor and senior vice president in the firm's Greenville office. Prior to joining Morgan Keegan, Martin was a corporate client group director and senior investment...
Let's face it. Choosing an independent broker/dealer to join isn't easy. There are literally thousands, and each firm claims to offer the best. In a continuing effort to help our readers become more familiar with their options, we've asked the...
Competing fiercely for the attention of investors, fund companies have brought out a wave of specialized offerings. Many of the choices which include mutual funds and exchange-trade funds focus on hot-sounding industries, or growing areas of the...
Consider the Curious and Rather Grotesque Case of Gary J. Gross, a financial advisor from (where else?) Boca Raton, Fla. Gross' U4 is close to 100 pages long, and lists 35 customer complaints (33 of them settled) amassed at several firms over the...
Playing hopscotch from one firm to another, without losing all of your clients, may soon get a little easier. That is, if the SEC's proposed amendment to privacy policy rules, also known as Regulation S-P, is approved. The SEC made the proposal on...
Just over a year ago, fee-based brokerage accounts got the ax when the Financial Planning Association (FPA) successfully sued the SEC to overturn the Merrill rule. As of October 1, 2007 non-advisory managed-account programs could no longer charge...
