In March, Citigroup announced plans to reorganize its private bank and Global Wealth Management division into four separate units according to client wealth (institutional, ultra high-net-worth, high-net-worth and...
RegentAtlantic Capital was ahead of the game. In 1996, the fee-only RIA in Chatham, N.J., went paperless a move that put it a decade ahead of its peers. RegentAtlantic manages $1.8 billion in assets for about 900...
When Eliot Spitzer fingered ex-NYSE director Ken Langone for Dick Grasso's pay package, Langone told CNBC's Charlie Gasparino, One way or another, Spitzer is going to pay for what he's done to me and the havoc he's...
Morgan Stanley is streamlining its Global Wealth Management unit, reducing its four U.S. divisions (Northeast, South, Central, West) to two (South/West and Northeast/Central), according to an internal memo sent last...
As former New York Governor Eliot Spitzer learned this week—after being ousted for clandestine trysts with expensive call girls—prostitution is illegal. Spitzer was not the first (nor the last) high...
Citigroup’s reorganization of its private bank and Global Wealth Management division, announced Tuesday, will absolutely not force advisors into silos based on client wealth, said Sallie Krawcheck, Chairman and...
According to Bespoke Investment Group's Swimsuit Issue Indicator, the S&P 500 performs best in years when an American appears on the cover of Sports Illustrated's Swimsuit Issue. (That has happened 15 times over the...
Clearing Firms Matter to Advisors. In fact, one of the biggest deals in the independent b/d business last year hinged on whether the b/ds being sold could maintain their relationships with their old clearing firm. In...
Wall Street is shifting loyalties. So far in the 2008 election cycle, the securities and investment industry has showered the Democratic Party with contributions. The balance began to shift in 2006, when the industry...
Registered Rep: Describe your ideal client in three words or less. Tom Ruggie: Wealthy, decisive and appreciative. RR: Piece of sports memorabilia you most cherish? TR: Two: an autographed photo of Babe Ruth, and a...
