Terry Kassel, head of Merrill Lynch's human resources department, will be retiring at the end of this year, after 20 years with the firm and four years as head of the department. Smith Barney has hired Stacy Brandom as chief financial officer of...
Critics lambaste mutual funds, calling them old-fashioned contraptions that generate big tax bills. It's true, on average, that exchange-traded funds and separate accounts have tax advantages over mutual funds, data from Morningstar and other...
We've been getting a lot of calls from financial advisors about reverse mortgages, and, clearly, we're not the only ones. According to a survey of 111 banking institutions by the Mortgage Bankers Association, there was a 28 percent increase in...
According to rank-and-file reps surveyed, UBS brass did a lot of things right this year and can take a bowand then quickly straighten up and fix the rest of what reps say is still ailing the firm. The big Swiss financial services firm received a...
Citigroup Smith Barney Legg Mason Wood Walker. It's got a nice ring to it, doesn't it? No, that won't be the name of the new Smith Barney colossus created by the addition of Legg's 1,300-plus retail advisors. When that deal closes in early...
After 11 good years at Morgan Stanley, and with close to $100 million in client assets, one west coast-based broker, who was a member of Morgan Stanley's President's Club, recently decided he was fed up. In September, he signed on with UBS and...
Registered Rep. presents the second installment of our newest feature, The Puzzler. Each month, the puzzle page will offer a real-world puzzle and its solution. This page will also feature a separate puzzle contest: The solution will be published...
Dry bulk shipping isn't exactly the most exciting industry sector to research. Even among sea-borne freight, oil-tanker companies overshadow dry bulk shipping companies. (The price of oil will do that.) But the dry bulkers who carry cargo like...
It is by now old news that Linsco/Private Ledger sold a 60 percent stake in itself to two private equity firms in late October, after years of talk about taking the firm public. The deal values LPL at $2.5 billion, a very nice price indeed: The...
Back in the day, Janus Capital Group could proudly boast that its funds sold themselves. Individual investors paged through papers and magazines and feasted on ads describing the sizzling performance of its tech-heavy growth funds. Impressed, they...
