Wachovia/A.G. Edwards at a Glance Total client assets: $816 billion/$522 billion Number of advisors: 8,100/6,666 Average annualized revenue per advisor: $702,000/$492,000 Pretax profit margin: 23% / 17% Surviving mascot: Wachovia's abstract sea...
UBS at a Glance: Total client assets (Capital Management Group): $858 billion Number of advisors: 8,175 Average annualized revenue per advisor: $751,000 Pretax profit margin: 11% Mascot: Three keys (for trust, security and discretion) Kudos: You...
MOJO, the high-definition cable channel geared toward affluent men, is launching a new programming block in 2008 called MOJO Money Night. The channel will feature shows such as Wall Street Warriors-Season Two, which follows the lives of six...
Morgan Stanley at a Glance: Total client assets: $734 billion Number of advisors: 8,341 Average annualized revenue per advisor: $817,000 Pretax profit margin: 17% Mascot: Blue right triangle Best management move: Investments in work station Most...
At an auction in mid-November, a poster for the movie Bride of Frankenstein, starring Boris Karloff, fetched $334,600. That's right a movie poster. Granted it was and considered to be in condition, according to a report in The New York Times. By...
The puzzler page offers real-world puzzles and their solutions based on brainteasers that recruiters use in actual job interviews. Also featured is a puzzle contest, the solution to be published the next time we run a puzzler, in the February...
Wall Street's titans made a terrible mess with their bets on the sub-prime mortgage market, and now they're paying for it dearly. Most of the major U.S. banks and brokerage firms recorded massive write-downs of sub-prime and CDO (collateralized...
What are the chances that one of your funds will return 100 percent (or more) next year? Slim extremely slim. Funds rarely double in a 12-month period; and when they do, one wonders: To sell or not to sell? Well, recently, just such a rarity has...
RBC's job on that front is far from done. The bank is giving Dain a makeover, and making major investments in the firm. In March 2008, Dain Rauscher will merge with another of Royal Bank of Canada's U.S. offspring, New York-based RBC Capital...
They may not be ready for a market slow down, but many of Wall Street's big-shot firms are ready for, um, a flu pandemic. Late this summer, executives from firms like Morgan Stanley, Citigroup, Charles Schwab and Goldman Sachs met to discuss their...
