During his tenure at Merrill Lynch, James Gorman doubled profit margins and raised broker productivity by a third—giving him the ideal resume for turning around Morgan Stanley’s beleaguered retail unit.
It’s a funny thing: financial advisors position themselves as professionals, sometimes even comparing themselves to doctors and lawyers in responsibilities. Yet, like working stiffs, they want their overtime too. UBS today said it had agreed...
Location State: KY Base Salary: 50-60k Bonus & Incentives: The incentive is based on new recurring fee income and is on a sliding scale in increments of 50,000 once the base has been recovered.. Position Responsibilities: This individual will be...
Location City: Upstate New York Location State: NY Base Salary: $125,000 - $130,000 DOE Bonus & Incentives: Bonus directly tied to goal achievement. Potential to double income. Position Responsibilities: This position will direct the firms custody...
Location City: Kalamazoo Location State: MI Base Salary: $40,000 to $50,000 Position Responsibilities: We are currently searching for a highly motivated analyst to support the firms investment team. The Investment Analyst will assist with stock...
From David T. Leibell and Daniel L. Daniels of Cummings & Lockwood LLC, in Stamford, Conn., we have this update: IRS denies private foundation's request for five-year extension to dispose of excess business holdings. In Private Letter Ruling...
Wealthy grandparents and parents have learned to fear trust fund babies and with good reason. Trust fund babies are infamous for leading pointless, consumer-oriented, slothful lives. Based on our experience during the past 25 years, roughly 80...
Staring in January, small business owners can line up to collect a gift from Uncle Sam. It's the Roth 401(k) and, according to financial advisors, it may be the best deal available for business owners who want to save on taxes in retirement and/or...
One of the most talked about cases among panelists at the Recent Developments-2005 session at this year's Heckerling Institute on Estate Planning, held Jan. 9 through 13 in Miami, was Rudkin a case in which the Internal Revenue Service is trying...
A $15.8 million judgment against the former foundation president; a $5.8 million judgment against the corporate secretary; more than $500,000 in personal settlements with directors: So ended the 2004 trial of a lawsuit brought by the Texas...
