Deborah McWhinney's plan to turn Citi's bank brokers into fee-only investment advisors has triggered a mass exodus. But paring down the small bank brokerage unit or farming out wealth management entirely may be McWhinney's master plan.
This issue's cover is by Johanna Goodman, an artist and illustrator who lives in Nyack, New York. She attended Boston University's School for the Arts and received her BFA from the Parsons School of Design in Manhattan. Johanna's paintings and dr...
When advisors lose their jobs but decide to keep loans or other payments from their former employers, expensive legal trouble can follow. The issue is how much, if any, of the money they received when they first joined the company is cash they are...
Perhaps you can never be too rich or too thin. But you can have too many choices. There are many ways to go from Wall Street to independence these days.
Whom do you trust? Do you trust that your veterinarian always has your pet's interest behind every recommendation? Do you trust that your dentist always has your interest behind every proposed x-ray or procedure? Do you trust your local...
The hottest trend over the past 18 months has been the breakaway broker, the wirehouse advisor who leaves his firm to either become an RIA or to affiliate with an independent broker/dealer. The turmoil on Wall Street, the giant mergers of...
