It's easy to forget that retired clients of relatively modest means can actually develop huge adverse tax consequences once they are forced to take minimum IRA distributions. But there are ways (albeit, somewhat complicated on first pass) to save...
Talk about playing hardball. Back in 1990 when Nell Minow was at Institutional Shareholder Services (ISS), a corporate governance watchdog, she was confronted with the task of having to call a board member of Aon Corp. to tell him that ISS had to...
Due to an editing error, a Where Are They Now? brief in the Ten To Watch feature package (August 2005) was incorrect. Specifically, Eric Dinallo, head of regulatory matters for Morgan Stanley and a member of the Ten To Watch list in August 2004...
Having trouble explaining what you do for a living to your kid? Let Stocktopus help. Part broker, part purple octopus, Stocktopus is one of five animated characters from an educational CD-ROM called Thinkin' Things Collection 3. The game helps...
According to the FPA's 2005 Compensation and Staffing Study, revenue at independent financial advisory firms grew by 25 percent on average in 2004. The firms also added 21 new clients and increased assets by $28.9 million, on average. Seems only...
When it comes to client-advisor communications about charitable giving, something is amiss. That, at least, is the conclusion of a survey conducted by The Philanthropic Initiative of Boston. The study found that half of all advisors say they...
For Darcy Bhatia, there's no such thing as too much good advice. Once a month, Bhatia, a partner at Highmount Capital, a three-year-old New York-based multifamily office and wealth management firm, meets for three hours with a group of 17 other...
David Penn joins Smith Barney, effective November, as director of Investment Products at the firm's Global Private Client Group. He will be responsible for oversight of all Smith Barney Investment products. Penn joins the firm after 21 years with...
Banks are not recognized as having the ability to provide the same level of investment advisory services as brokerage firms. Dick Pace, director of financial services research at Maritz Research, a St. Louis-based global marketing and research...
Lawyers, Drugs and Money: Consuelo Marquez, an ex-Lehman Brothers broker who worked at the firm from 1995 to 2000, pleaded guilty in federal court in Manhattan in August to conspiring to launder roughly $11 million in drug money for a former...
