Almost half of all married couples end up divorced, according to the U.S. Census. But 75 percent of those people jump right back into marriage again. And while your clients would like to believe they got it right the second time around, remind...
Wachovia Securities is in the midst of a mini-purge of former Prudential producers, but the move is not your typical post-merger house cleaning. This one is fueled by the blossoming mutual fund scandals. Specifically, Wachovia is showing to the...
The screaming in your head starts when you decide to switch firms, and the voice always says the same thing: Call your clients! Call your clients now, before it's too late! It's understandable, this compulsion to immediately start in on the most...
The 1906 Monet painting entitled Nympheas was purchased in 1960 at a Sotheby's auction in London for $50,000. That same 35-inch by 35-inch oil on canvas resold at Christie's New York in 1999 for $22.6 million. That's works out to an average annual...
Any mutual fund executive who made a deal to allow institutional investors to trade forward (also called late trading) mutual fund shares should be taken out and flogged. Oops. Did I say flogged? I meant that he should be prosecuted to the full...
Paul Santucci recently left Wachovia Securities, where he had been a regional manager, to move to UBS Securities, where he will be covering the New Jersey region. He had been at Prudential for four years prior to its acquisition by Richmond-based...
For a minute or two at a recent SIA conference in Boston, Morgan Stanley's John Schaefer sounded optimistic, saying he envisioned a time when advice can once again be a growth business. He then proceeded to list a fistful of reasons why no one in...
Those of us who can still remember what it's like to be a teenager know the feeling well: I've got to get out of this house. These rules are driving me nuts. I'm an adult now. I need my independence. The drive to be out on your own, to slip free...
Yes, the rich are different from you and me, most notably in terms of the financial advice they seek. If you aspire to serving these folks and who doesn't these days? be prepared to bone up on the special issues and problems of the ultra-wealthy...
Hayley Arp, a rep who left her job at Morgan Stanley in Atlanta to appear on Fox's reality TV show Mr. Personality, which featured Monica Lewinsky and a bunch of guys in multi-colored masks, has broken up with her television boyfriend, Will Dyck...
