Dain Rauscher brokers will have personal Web pages in January, reps learned at the firm's Association of Women Brokers conference in Minneapolis in October. In development right now, each rep's page will include certain basics as well as some...
If you thought the World Series was saturated with online broker ads, you ain't seen nothing yet. That was just the season opener of an unprecedented advertising campaign.Online brokers raised $1.76 billion in the capital markets in 1999. Most of...
Merrill Lynch has released the first numbers on its new Unlimited Advantage account, which offers unlimited online trading as part of a lower-priced fee account.Between the announcement of the new account June 1 and the end of the third quarter...
American Express has been warning its financial advisers for years: If you're concentrating on transactions, you might be working for the wrong firm. So, when the firm launched its new Web-based investment service Nov. 8, offering free online...
Merrill Lynch retail head Launny Steffens answered questions from Registered Representative at an industry event in New York in October.What's your concept for integrating a discount business with full service?Steffens: We're going to have an...
Preliminary details of a NASD spin-off of Nasdaq emerged Nov. 3 at a meeting of small firms in Marina del Rey, Calif.The restructuring of Nasdaq will take place via two tranches of privately placed stock, with 75 percent of Nasdaq ultimately...
Merrill Lynch is about to make revisions to its account-distribution procedures. In a memo to the sales force in October, retail chief Launny Steffens said, "By the end of the year, we will further modify our policy regarding account distributions...
PaineWebber reps are reacting favorably to InsightOne, a new nondiscretionary fee-based program that lets clients negotiate on price and service, and place an unlimited number of trades online.For those with $100,000 to invest, the account...
Talk about a study in contrasts.On Oct. 20, Morgan Stanley Dean Witter went all out to promote the launch of its new ichoice Internet trading service with a huge press conference broadcast live to 20,000 employees.At the same time, the firm...
When building a book, sometimes there's more in a rep's way than the typical marketing obstacles and client objections. Meet four brokers who have faced personal health challenges along with the common stumbling blocks. Their physical situations...
