Goldman Sachs Asset Management hired David Holdreith as vice president and portfolio manager of the firm’s fixed-income team. Prior to joining Goldman, Holdreith served as a portfolio manager at AAM Insurance Investment Management in Chicago...
This past fall we surveyed a selected group of readers about their business models. We chose readers from across the board, from wirehouses to independent broker/dealers to RIAs to those who described themselves as financial planners, bank brokers...
Eliot Spitzer announced in mid-December that he thinks the $89 million overtime settlement that UBS agreed to in February 2006 is unfairly distributed, and he’s asking a Northern California District Court to reject the proposed settlement...
The bull is back and on a tear. Most market indices hit a low on March 11, 2003. Since then, they've been on a three-year run, hitting a peak on May 5, 2006. Despite taking a bit of a mid-year break, the indices began scoring further highs as the...
When is the last time you spoke to a client about insurance? Unless that conversation was about annuities, well, it was probably some time ago. In general, life and health insurance are subjects financial advisors discuss reluctantly and...
A 20-year rep, Chmielewski had plodded along as an affiliate of Royal Alliance Associates. He knew he could do better and, at 43, was looking for a way to build up his practice, maximize its value and eventually sell it to fund his retirement...
Nick Nicolette is a principal with Sterling Financial Planning, Inc., which manages $275 million for roughly 300 clients. He’s also the new president of the Financial Planning Association. Registered Rep. chatted with Nicolette.
If you stop to think about it, there are a number of surprising parallels between the medical and financial-advisory professions. Both remedy issues vital to long-term happiness: health and wealth. Both require highly technical knowledge, coupled...
Last month this space was devoted to the benefits and drawbacks of using immediate annuities for retiring clients. My well-reasoned and humble conclusion was that the lure of income you can't outlive has to be balanced against the finality of...
