While Smith Barney now considers the WorldCom option-account problems at its Atlanta branch closed, two former brokers are still waging their legal battle.
The Joint NASD/industry task force released its study on breakpoints last month, confirming that millions are owed to clients by firms for not applying discounts on breakpoints. The NASD is now making sure the firms know exactly how to rectify the...
Separately managed accounts can be confusing, but the paperwork and operations behind them need not be—or at least that’s the thrust of a new effort by Smith Barney Consulting Group. Smith Barney is in the midst of rolling out its new...
Trusts & Estates is the monthly journal for estate planning and wealth management professionals. Published since 1904, Trusts & Estates continues a long tradition of editorial excellence and credibility in the high-net-worth arena. Subscribers...
The Certified Investment Management Associate degree, or CIMA, is an exclusive certification, and some brokers with the similar CIMC designation are finding that out the hard way. The Investment Management Consultants Association, which...
The Federal Trade Commission has set a price for its vaunted "Do-Not-Call" list--a list of numbers signed up to avoid sales calls from telemarketers and uninvited reps--and it's a steep one: More than $7,000. The list, which will be enacted on...
The trust we use today first took shape in a quite different time and place six centuries ago. Since then, its form has evolved; its uses have proliferated. In fact, the trust is widely used today precisely because it has adapted so well to...
In the late 1980s, not long after I took my traditional bank-and-trust-companies practice to the new Chicago office of a mega law firm, Jay Hughes, generations-bridging counsel to wealthy families and one of my new partners, paid me a visit. You...
