Greener pastures await at another broker/dealer: I'm outta here. Adios. Sayonara. Kiss mywell, you get the idea. It's a heady moment when a rep leaves his firm. It also often sets in motion a series of showdowns over client ownership and...
Estate planners are finding the revocable living trust (RLT) to be an increasingly popular and useful tool. Some, however, are guilty of overstating the benefits of the RLT, and this can confuse clients and lead to some embracing RLTs for the...
Q: Recently I have been offered a forgivable loan as part of a transition package. I've taken loans before, but I've never seen one of the requirements in this one: forgiveness tied to production. It's a four-year loan, one-quarter of the loan...
Efforts to make corporate bonds more appealing to retail investors have reached a crossroads, and their ultimate success or failure now depends in large part on whether financial advisors acquire an appetite for them. The advisors, of course, must...
Making a profit in smaller qualified retirement plans has been difficult for advisors because of high costs. However, it's gotten easier in the past couple years, thanks to the emergence of shares, or retirement shares. Advisors using A shares...
At most publicly traded national broker/dealers, about 35 of employees are financial advisors, according to Keefe, Bruyette & Woods. Which means A.G. Edwards is positively overflowing with reps 45 percent of all workers at the 15,400-strong firm...
In a survey of nearly 800 affluent investors by PNC Advisors, about half worry their children will grow up feeling entitled and almost as many (44 percent) say their kids are spoiled. Then again, just 29 percent of respondents say they've...
The bitter public battle over the Pritzker family fortune offers a fishbowl view into how large sums of money can strain family ties. The Pritzkers, who own the Hyatt chain of hotels, among other holdings, recently put to rest a very public battle...
From being selected as one of Registered Rep.'s Outstanding Brokers in 1981 to celebrating the 20th anniversary of his Heartland Value Fund this year, Heartland Advisors president Bill Nasgovitz has always stuck by this principle: Ignore the...
It seems so trivial, just a turn of phrase: Can Series 7 stockbrokers bill themselves as financial advisors without getting a Series 66, the license that technically separates advisors from salesmen? Since 1999, brokers have been able to do just...
