Chuck Volz is the owner of Finnegan's Wake, a Philadelphia pub. That's how he got to know a young Temple University professor named Todd Napolitano who lived down the block.In 1997, Napolitano asked Volz for help in starting a new career as a...
Steve Rodemer, Cascade Investment Group, Colorado Springs, Colo.After nearly 25 years at Salomon Smith Barney, Steve Rodemer wanted more control of his business. Retirement might be in his future, he thought, and a wirehouse wasn't a place to...
Edward Jones has lost another battle in its attempt to nullify a $750,000 arbitration award won in 1995 by a former rep at the firm, Channing Schwartz, of Alliance, Neb.The Missouri Court of Appeals, Western District, on May 26, rejected the St...
Merrill Lynch is offering new retail clients 100 dollars to open an ML Direct Cash Management Account. Between now and July 21, clients who sign up for ML Direct's CMA using the firm's online account application will have 100 dollars deposited...
The staggering escalation of salaries for professional athletes over the past 20 years has meant that many players learned a lot about stocks, bonds, mutual funds and annuities. A handful of former pros enjoyed investing so much and were so adept...
When brokers change firms, they can get sued. The losing dealers sometimes go to court seeking a temporary restraining order (TRO). This "injunctive relief" prohibits a rep from contacting customers and prevents customers from transferring...
First Union Securities says it plans to start treating its retail brokers more like clients. It implemented Service First, a program to improve how it meets reps' needs.Effective July 1, all corporate offices that support producers (departments...
A few virtual brokerages are deciding that they need real branches to woo new customers and increase access to services.According to a report by Forrester Research, the Cambridge, Mass.-based Internet trend tracker, E*Trade, Datek and Web Street...
Even during his rookie season with the Philadelphia 76ers, Jim Spanarkel knew basketball wouldn't last forever. He's a Merrill Lynch broker now.Jim Spanarkel knows how to rebound. As a standout swingman with Duke University's championship...
In the early 1990s, if you wanted to provide fee-based financial advice, going it alone as a registered investment adviser was about the only way. A small, but steady stream of wirehouse refugees began to set up RIA firms.Now the RIA stream has...
