Brokers face some interesting challenges from the Internet. More of their clients go online and confront them with information from a wide-ranging and eclectic assortment of Web sites."The questions come from all corners," says Edward Van Grouw, a...
The typical CFP is a man over 40 who says his main business is financial planning. He holds a securities license and is compensated via a combination of fees and commissions from his client base of 280 people.This composite comes from the CFP...
Morgan Stanley Dean Witter is encouraging reps to open more online accounts. And to boost productivity, MSDW producers are being urged to move smaller, inactive accounts to MSDW Online, the discount unit.Meanwhile, the firm is offering incentive...
Kevin Cork, a Canadian rep who calls himself "The Screaming Capitalist," uses technology extensively to work with clients and run his office.Kevin Cork's first computer in the early 1980s was an Atari 400. Remember those? Ever since then, he's...
After launching Scholars Choice, a 529 tax-advantaged college savings program with the state of Colorado, Salomon Smith Barney has linked up with Illinois to introduce a similar offering called BrightStart.SSB and Citi Asset Management Group have...
NASDR statistics reveal that the number of employment disputes decreased for the second straight year.According to data obtained by Securities Arbitration Commentator newsletter, 79 cases alleging wrongful termination were filed at the NASDR in...
Imagine working for a branch manager who is so busy with his own book that he's rarely around when you need him. Even worse, he spends the branch's marketing budget lavishly on himself and competes against you for customers--cherry-picking the...
Firm offers allocation advice, performance report for 400 dollars.Charles Schwab & Co. is offering fee-based portfolio recommendations to customers. The new 400 dollar portfolio review service includes a printed report with allocation...
Asking 10,000 reps to make a decision about their futures is a tricky task, as American Express Financial Advisors (AEFA) found out.The firm completed a broker "platform" restructuring process at the end of March. About one third of the firm's 10...
The number of African-Americans investing in stocks and mutual funds is increasing, according to a survey released in April by Charles Schwab & Co. and Chicago-based Ariel Mutual Funds.Roughly 64 percent of African-Americans surveyed this year are...
