Tom, a financial planner for Schwab Institutional's unit, had a client named Walter. He had worked with Walter for almost 10 years, knew his family and, now and again, played golf with him. Tom had watched as Walter, a small business owner...
Looking for a good fund that won't nickel and dime clients? Russ Kinnel, a mutual fund analyst at Morningstar, recently ranked the five-year, asset-weighted relative performance of prominent fund families, adjusted for loads. He admits that it's a...
Wharton professor Jeremy Siegel is singing a new tune sort of. Siegel rose to prominence on the back of his book, Stocks for the Long Run (McGraw-Hill, 2002), which asserted that because stocks outdo bonds over long periods, investors should buy...
Financial advisors at Smith Barney were surprised to learn that a high-profile fashion model was in their midst surprised and a little confused. The New York Post reported in February that Eve Salvail, the French-Canadian model known for the...
When the SEC ruled in April to re-propose the so-called Merrill Exemption, permitting Series 7 licensees to continue to call themselves financial advisors, thousands of reps and their firms heaved a sigh of relief. Technically, a Series 7 license...
Reps have all kinds of ways to stay active and relax when they're off the clock. Some play golf. Some coach Little League. Some travel. Marc Frederic, a 65-year-old advisor in Smith Barney's Torrance, Calif., office, does something completely...
For all the problems it's been having in the last several months, Morgan Stanley can hang its hat on this good news: It is now the largest securities firm in the country. According to yearly reports, Morgan surpassed previous first-place holder...
If legal filings are a leading indicator of the amount of trouble a particular industry is in, the securities industry can start to breathe a bit easier According to the NASD, the number of new case filings dropped by 8 percent, to 8,201, in 2004...
Eva Yee May Sung forged the signatures of public customers and a branch manager on forms authorizing Sung to become the new representative of certain brokerage accounts. OK, now, no peeking what sanction do you think the NASD imposed on Sung when...