Edward Jones announced in an SEC filing settling its revenue-sharing charges that managing partner Doug Hill would resign from his position at the end of 2005 (see story at right). The company has not announced his replacement. Hill took over from...
Countless contributions have been made for victims of the devastating tsunami that has killed more than 160,000 people. But one UBS advisor provided some relief of his own. John Alex, a UBS advisor based in New York, took 10 days leave to...
Not long ago, becoming a registered investment advisor (RIA) was hardly considered a rep's best career move. In the early years of this decade, many of the registered reps switching to a Series 66 RIA designation had been bounced from major...
Irene Bann's tenure as a Smith Barney broker is full of lessons for the reps of today, but perhaps none is so important as her approach to overcoming adversity in her career and in life. You just get on with it, she says. It's a philosophy that...
The economy is complicated. It's a giant, tangled web that's subtly and strangely interwoven with geopolitics, current affairs, even the weather. When a major economic event or news story goes down, the effect on the markets isn't generally simple...
Creating a constructive outlook for the coming year. William Blake once wrote, If the doors of perception were cleansed everything would appear to man as it is, infinite. At the risk of trivializing his statement, Blake's wisdom means something to...
The stock market returned 12 percent in 2004. But it would have been a lackluster year overall were it not for November and December, because the market returned 4.5 percent and 3.5 percent, respectively, in those months.
Investors have been flocking to foreign stocks, and for good reason. But there is also good reason to remain wary of overseas investments. During the first 10 months of 2004, international funds had inflows of $83 billion, a record pace and more...
Anthony Sasso, who lives in Tinton Falls, N.J., with his wife, knows he's not Harbor Lights Financial's biggest client. He's 70 and recently retired. Sasso is no millionaire, and, as a result, has to keep a tight rein on his spending. To make a...
