The bleeding on Wall Street continues. According to the Securities Industry Association’s recent report, the securities industry’s profits continue to dive.
Levitt Ought Not to Talk It's a classic move: deposed leaders and bureaucrats hitting the road to practice a little revisionist history. Now, Arthur Levitt is discussing how things would be if only he remained at the helm of the SEC or if his...
Who are America's top brokers? Here they are—the top players with the billion dollar books, the top sales prizes from their employers, the best of everything.
For all the proselytizing by wirehouse management and leading consultants about the virtues of selling separately managed accounts, the fact is that for the most part the only brokers who got religion were the reps in corner offices with...
It took WorldCom to give Sen. Paul Sarbanes clout. Chairman of the Senate Banking Committee, the Democrat from Maryland was having a hard time pushing through a stiff corporate reform bill when the telecommunications company's creative accounting...
Frank Gruttadauria, former mega-producer for SG Cowen and Lehman Brothers (which acquired Cowen), will serve less time in jail than his former clients probably want. The broker, who had admitted to stealing $125 million of his clients' money, is...
Yes, we know: You're not a broker, but a wealth manager or a financial consultant or whatever. That sounds nice, and it may even be true. But to your firm's management, you're still a producer. And that means selling. Whatever style of investing...
If you are serving high-net-worth clients or hope to do so you should be familiar with family limited partnerships, or their kissing cousins, limited liability companies. These are estate planning and asset management tools that wealthy families...
Nancy Zanolini, 57, a semi-retired art gallery manager in suburban Sacramento, Calif., had been eagerly awaiting July 2002 for months. That's when arbitrators were to have been appointed to resolve her claim of $200,000-plus in losses due to...
