It seems every financial services provider claims it is aiming at the high-net-worth market. But according to a study by The Boston Consulting Group (BCG), many firms risk missing the target. The study looked at the market of an estimated 34...
Too Soon for Electronic Rules It’s premature to recommend any specific changes in regulations, policies, guidance or any other aspect of supervision associated with the online delivery of financial services, ABA said in a comment letter to...
OPINION OF THE COURT ALITO, Circuit Judge: Plaintiffs brought suit under the Employee Retirement Income Security Act of 1974 ("ERISA"), 29 U.S.C. S 1001 et seq., as amended by the Retirement Equity Act of 1984 ("REA"), Pub. L. No. 98-397...
Oddlots Random samplings of news affecting the estate planning industry Compiled by Christopher Weems, Associate Editor Send an e-mail with your news item Metavante Launches Wealth Management Consulting Services MILWAUKEE, WI-- Metavante...
Oddlots Random samplings of news affecting the estate planning industry Compiled by Christopher Weems, Associate Editor Send an e-mail with your news item FT. WASHINGTON, Pa., The Coventry Center for Financial Professionals, a pioneer in life...
The war on analysts is now threatening brokers. In proposing heightened disclosures from analysts, the NASDR has included retail brokers as well. The July proposal, NASD Notice to Members 01-45, broadens disclosure obligations for public...
Merrill Lynch’s worldwide broker sales force continues to shrink. The company reported last week that it has dropped almost 1,700 brokers from the ranks of its worldwide sales force within the past six months, mostly by not replacing brokers...
Retail broker production and pay hit yet another record high in 2000--the sixth consecutive year of higher commissions, fees and earnings, according to the Securities Industry Association’s Report on Production and Earnings of Registered...
Nearly 10 years after the ex-president of Templeton Funds was fired following the firm’s merger with Franklin Resources, Dan Calabria won an $858,000 NASD arbitration award. Calabria was president and CEO of Templeton Funds, and when he was...
