U.S. economic growth will be slow in the first half of the year, but in the second half, according to the Securities Industry and Financial Markets Association (SIFMA). SIFMA forecasts GDP growth of 2.1 percent in the first half, as the economy...
Registered Rep. spoke with Francais about competition in the wealth-management business. His firm, Quintile, recently agreed to merge with Kochis Fitz, creating the third-largest RIA in the U.S. Registered Rep.: Considering the talent squeeze in...
Registered Rep.: Why would a wirehouse rep want to leave his firm and join yours? Bill Dwyer: To create an offering valued by their clients, a very high-quality work environment for their staff and themselves, and the opportunity to build wealth...
We, the editors of Registered Rep. magazine, are officially opening our annual hunt for the best in the business. That's right, we're asking for nominations for the Outstanding Advisor Awards (formerly Outstanding Broker Awards). Now in its 28th...
Since the first exchange-traded bond fund appeared in 2002, financial rocket scientists have struggled to launch a tax-free ETF. The development efforts finally bore fruit in September, when Barclays Global Investors launched its iShares S&P...
The independent-broker/dealer channel is going strong. There are hundreds of IBDs in operation, and with more than 90,000 advisors, it's the largest channel in the financial-services industry. A sector of that size brings with it a lot of...
In our December Annual Broker Report Cards story, we published incorrect numbers for Wachovia/A.G. Edwards. Wachovia actually scored 8.1 in the Work Environment category, a 7.9 in Quality of Sales Assistants and a 6.9 in Quantity of Sales...
Name Firm (B/D) City Est. AUM in MM Yrs. in Biz Business Description/Specialty 1 Ron Carson Carson Wealth Management Group (LPL) Omaha, NE $1,560 24 Holistic wealth management and asset management. 2 Cleves and Brad Delp The Delp Company (LPL)...
Merrill Lynch appointed Nelson Chai as executive vice president and chief financial officer of the company. Prior to joining Merrill, Chai served as executive vice president and chief financial officer of NYSE Euronext, and its predecessor company...
Registered Rep.: Why would a wirehouse rep want to leave his firm and join yours? Arthur F. Grant: Representatives of Cadaret, Grant can take personal credit, rather than crediting their employer for their own success. RR: Other than your own, of...
