LIZ ANGELONEFirm: Merrill LynchOffice: Stamford, Conn.Years in Business: 10Production: 1.1 million dollarsAssets: 200 million dollarsStaff: One assistant shared with another repTen years ago, Merrill Lynch financial consultant Liz Angelone started...
Starting in January 1999, Morgan Stanley Dean Witter will charge an annual $50 service fee for some accounts. The fee will be charged each January based on activity in the account the previous year, the firm says. Morgan Stanley Dean Witter is...
The UBS Warburg buyout of PaineWebber is meeting with positive response from PaineWebber reps. The deal's logic and a retention package help."I really like the corporate fit," says a Chairman's Council member in the Southeast. "We've been squeezed...
How much more can we possibly disclose?""I already disclose everything! It's ludicrous!"These are some of the comments from CFPs regarding a proposal from the CFP Board of Standards requesting more detailed compensation disclosures.The proposal...
As a registered rep, are you in the "advice" business? That's the question at the heart of a contested SEC rule proposal.The SEC's answer is, somewhat surprisingly, no. Agency staff is arguing that your advice giving is not a main part of your...
Exactly one month after PaineWebber closed on its purchase of Nashville, Tenn.-based regional J.C. Bradford, Bradford reps learned they were to become part of UBS Warburg, billed as one of the top five international banks.That was a shock for at...
Vacationing with clients may not be for you if you want to leave work behind during your off hours. But if building business relationships is your ceaseless pursuit and if you have shared interests with clients, mixing business and pleasure can be...
"At first I was afraid, I was petrified."Even brokers must get used to market risk, the attendees think."Kept thinkin' I could never live without you by my side."Well, brokers do need clients."But then I spent so many nights thinking how you did...
Forget boilerplate agendas and scattershot mailing lists. Salomon Smith Barney brokers Corinne Miller Crabs and Angela Sutter listened to their women clients, took a fresh approach to seminars and issued invitations selectively. Lunch at Microsoft...
Should mutual funds be required to disclose the details of payments made to brokerage firms?The NASD says yes. But the SEC says it's not sure.An NASD rule requires detailed disclosure by funds of all payments made to specific dealers before the...
