Estate taxes may be the bane of wealthy families, but they are a boon for wealth managers because clients need their help with trusts, gifts and investment vehicles that minimize the impact of estate taxes. So the Bush Administration's proposal to...
A decade ago, if you entered the financial services business and wanted to deal with the public, you had limited choices. You could go to a wirehouse or regional brokerage, where company policy (and regulatory oversight) forced you to concentrate...
Banc One Is No. 1 in Fine Size: The NASD fined Banc One Securities $400,000 because the firm didn't put into place the proper procedures that would prevent late trading and market-timing in mutual funds held by customers. This, amazingly, is the...
Sometime or other, 40 percent of Americans will hear the words It's malignant. The good news, for both patients and investors, is that pharmaceutical companies are pioneering new, more effective cancer treatments all the time. The deadliest form...
Don't let teenagers with too much time and an abundance of gadgets on their hands have all the fun with puns and made-up words and phrases. Here's a glossary of industry-related terms to work into your personal lexicon. Blirting (v.) In some...
Almost 40 percent of investment executives say implementing systems is going to be the biggest headache in 2005, according to Cerulli Associates. The next biggest pain? Enhanced disclosure requirements, which are resulting in longer days for reps...
Citigroup’s decision to sell its Travelers Life & Annuity Arm to MetLife for an estimated $11.5 billion could be a sign of things to come in the financial advisory business.
Two years into his career as a fullback with the Miami Dolphins, Rob Konrad was in the locker room after practice when a teammate, a fellow young player, started talking about some of his Konrad, who had majored in finance at Syracuse University...
