Americans continue to overload their 401(k) accounts with company stock. Inside companies like Procter & Gamble, the concentration climbs to dangerous levels of 90% and higher, according to the Institute of Management and Administration in New...
The integration of First Union Securities (FUS) and IJL Wachovia is proceeding on schedule, but executives aren't sure what they'll call the new brokerage company. In April, officials said the combined brokerage division would be named Wachovia...
Even with new, higher contribution limits on IRAs and 401(k)s, most brokers remain skeptical that such plans are adequate retirement savings vehicles. It's still a joke, says a New York-based UBS PaineWebber rep. It's not even close as far as...
Certain provisions of the new tax laws signed in June by President Bush must be well known to you now. The effect of these laws is dramatic and comprehensive, and for that reason, your business will never be the same. The laws touch customers at...
When you write down your goals, you're more likely to achieve them. That's exactly what brokers Peter Jurasz, Doug Scudder and Brian Lingle do for clients. This Juneau, Alaska-based trio at Salomon Smith Barney got the idea to map clients' goals...
Partners Tony Franchimone and Larry Deatherage of Prudential Securities in San Diego sell corporate 401(k) and 403(b) plans to employers across the country. But landing retirement plans is only part of the goal of the Deatherage-Franchimone...
The percentage of people saving for retirement in 2001 decreased to 71%, compared with 75% in 2000, according to the 2001 Retirement Confidence Survey, which gauges workers' attitudes toward retirement planning. It was the first decline in savings...
When Matt West became a broker four years ago, he chose to join a team because there was no way I could reach the financial goals I had set without being in a team, says the Houston-based Merrill Lynch rep. When Jamie Delio became a broker a year...
Dain Rauscher has been renamed RBC Dain Rauscher, effective today, according to the firm. Royal Bank of Canada (RBC) completed its acquisition of Tucker Anthony Sutro and began integrating the firm with its U.S. broker/dealer subsidiary, Dain...
A large number of National Association of Investment Professionals (NAIP) members request advice on whether to sign employment contracts. To my surprise, many never consult an attorney. And shockingly, some brokers never thoroughly read these...
