In Case You Missed What That Glauber Guy Said: There has been a real sea change in the quantity and nature of regulation, and I don't think it's going to abate. Marc Menchel, general counsel, NASD, June 2004. Don't Go To Forums Like This At the...
High-net-worth brokers Ken Moffet, Tom Bres and Drew Anton moved to Morgan Stanley's private wealth management group in the firm's Houston office, according to sources. The three come over from Goldman Sachs. Moffet was a 16-year veteran of that...
Eliot Spitzer has gone on the warpath again, this time against insurance companies, leaving their stocks wounded some critically along the trail. When Spitzer guns for an industry, investors typically get out of the way, and it was no different...
As the holiday season approaches, the SEC is getting daily entreaties from registered investment advisors seeking an end to the broker/dealer exemption rule. The rule says brokers who charge fees for their services are exempt from regulation under...
Perhaps it was the recent victory of President Bush that heartened this business-friendly crowd, or maybe it was the tranquil Boca Raton setting, but the annual SIA conference exuded an odd serenity at least until the speakers invoked the name of...
Success in the brokerage industry can be as much about mindset as anything else, so it comes as little surprise that advisors avoid negative thoughts, such as the potential necessity of a quick exit from their practice. At the same time, numerous...
During the 1990s, Tom Marsico made investing look easy. As manager of Janus Twenty, Marsico recorded huge gains while limiting his portfolio to two dozen stocks. The fund often held well-known stars such as Lucent Technologies and Pfizer. Plenty...
Gary Hager leaves nothing to chance, especially when prospecting for new small-business clients. His efforts start with brainstorming sessions he holds with existing accounts, whom he asks for names of associates to approach. But before making any...
Unraveling the IRS's stance on family limited partnerships (FLPs) is harder than tracking the marital status of Britney Spears. In 2003 the tax court disallowed a FLP created by one Albert Strangi only a couple of months before his own death a...
It's a rare event indeed when an IRS ruling is cause for celebration, but such was the case in April when the tax-meisters made some alternative deferred-compensation funding investments more tax friendly. Specifically, the IRS ruled that an...
