Until recently, astute high-net-worth parents wishing to fund their children's future education expenses could save a bundle in taxes by transferring money or investments to accounts established under the Uniform Transfer to Minors Act or Uniform...
The securities industry has been doing an awful lot of hiring lately. June 2007 saw an increase of over 10,000 new jobs in the industry the biggest increase since June 2000, according to Brokerhunter.com. Most notably, this sets a new record for...
The regulatory body created by the recent merger of NYSE Regulation and NASD Regulation, known for the past five weeks as SIRA, needs a new name. As it turns out, SIRA, which stands for Securities Industry Regulatory Authority, is also an Arabic...
Registered Rep. sat down with Mike Coffey to discuss 130/30 mutual funds, Mainstay's latest offering for advisors and an emerging trend among asset managers. The portfolio goes 100 percent long, and 30 percent short. The proceeds from the short...
Michael McNamara, McNamara Financial Services Firm: Commonwealth Financial Network City: Marshfield, Mass. Established: 1987 AUM: $306 million Number of Clients: 500 Education: Tufts, Boston College After graduating from college, putting in three...
Lincoln Financial Group's chairman and CEO, Jon A. Boscia, has announced his retirement from the company effective Sept. 1, 2007. The company's board of directors has elected J. Patrick Barrett chairman of the board, and named current president...
Recently, I stepped in to help a relative choose a financial advisor. This relative is in his early 70s, and recently retired. He's not super rich, but having sold off a medical business, let's just say he retired with a few. A resident of a small...
Don't panic yet, but in case you haven't heard, the SEC is taking a hard look at a major source of pay for reps: 12b-1 fees. Sure, the subject of 12b-1 reform has been bandied about for more than a decade. But SEC director of investment management...
Stephan Cassaday, Cassaday & Company Firm: Royal Alliance City: McLean, VA Established: 1993 AUM: $263 million Number of Clients: 265 Education: Radford University One week before his departure from Prudential in 1993, Stephan Cassaday's branch...
Trudy Haussmann, Haussmann Financial Inc. Firm: Securities America City: Newport Beach, Calif. Established: 1990 AUM: $465 million Number of Clients: 1,500 Education: UCLA Trudy Haussmann got no respect during her first year as an independent...
