Morgan Stanley's retail brokerage is humming. Is it the magic of one man? One man can't take all the credit for a $5.5 billion-a-year revenue organization. But, James Gorman, who came over from Merrill Lynch to head the wealth-management division...
Last November, Michael Domingo and his partner, John Hetzel, launched their own advisory firm in Dallas with their eyes on an unusual prize: 20-somethings without a lot of assets. Domingo, 36, and Hetzel, 30, had both spent about five years with...
YOU CAN BARELY MAKE OUT THE FACE of Chaskie Rosenberg in the photocopy of a newspaper advertisement in his court file. In the late 1990s, Metropolitan Life Insurance Co. placed the ad in Hamodia, an Orthodox Jewish weekly whose U.S. office is...
As the first quarter of 2007 draws to a close, it's a good time to revisit your business plan: those goals you established at the end of last year, the commitment you made to turn 2007 into Your Year of Greatness (as I urged you to do in my...
Some states, such as Florida, ban no-contest clauses in wills as against public policy. A greater number of states allow these measures also known as in terrorem clauses but rarely enforce them. It seems that the law and its practitioners are...
If you do estate and trust litigation for a living, it's easy to begin thinking that greed is ubiquitous. But just when you might harden into cynicism, a case comes along to restore your faith in human nature. Two recent cases are classic. One...
Stock concentration cases against fiduciaries just keep getting scarier. The latest fright comes from Hamilton County, Ohio. If the New York case of Dumontsent chills down advisors' spines, Ohio's Fifth Third Bank v. Firstar Bank, No. C-050518 ...
It is the rarest and most valuable coin in the world, designed by a famed sculptor at the request of President Theodore Roosevelt in 1905. It should never have been minted. And, for decades, the U.S. government has fought to keep a surviving few...
Plans for the NYSE/NASD regulatory consolidation are moving quickly toward a projected April 2 deadline. If approved by the SEC, the new single self-regulatory organization (SRO) would bring all broker/dealers under one regulatory umbrella...
The folks at Focus Financial are on a roll. The RIA holding company, which began operating just over a year ago, snatched up three more RIA firms in late January, bringing total acquisitions to nine and assets under management to $15 billion. The...
