Under departing Chairman William Donaldson, the SEC generated plenty of noisy headlines. But one of the Commission's most decisive actions received little attention; it recently eliminated a class of investments: stable value mutual funds. Stable...
As long as Philip Purcell was running things, it was clear that Morgan Stanley's struggling retail brokerage would remain intact. Even as he fought off the so-called Group of Eight dissident shareholders who demanded his resignation and...
Three years ago, Dave Malleck realized he needed professional help. A principal with Raymond James Financial Services in Dallas, Malleck had been so drilled into the day-to-day running of his practice that he could not make time to carve out the...
Inheritance is the stuff of dreams for advisors and clients alike, but it often has nightmarish potential. There's one good reason for this: People have a hard time planning for their own deaths. Sure, most folks of any sort of means have a will...
Advisors gunning for millionaire clients now have 1.3 million more prospects to choose from and a blueprint for what they're looking for, according to a new survey. Affluent Market Insights 2005, conducted by the Spectrem Group, a Chicago-based...
The branch office manager of yore is dying. The do-it-all BOM the guy who would mentor an office's young bucks, auditing their tickets and their client interactions all while recruiting and tending his own book is becoming obsolete in today's...
Money is the root of all evil. (See 1 Timothy 6:10.) It would be easier for a camel to go through the eye of a needle than for a rich man to enter the Kingdom of God (Mark 10:25). There are so many references to the negative consequences of wealth...
In an ad for the Cold Call Clinic in the July 1985 issue of Registered Rep.: How to Sound Like a Million Dollars Over the Phone Learn how to: Maximize your own voice without sounding phonyeffectively use silence to elicit informationbreak through...
Forget The Godfather and Glengarry Glen Ross. When it comes to valuable insights and sound bites that apply to the financial services world, Wall Street is the only movie that counts. Nothing else comes close, and few movies have even dared tread...
Being a trustee entails risk of personal liability. Being one of a number of trustees can increase the risk. In the legendary Matter of Rothko,1 a fiduciary that failed to try to prevent his co-fiduciaries from breaching their duties was...
