Retail broker production and pay hit yet another record high in 2000 the sixth consecutive year of higher commissions, fees and earnings, according to the SIA. The SIA's Report on Production and Earnings of Registered...
The RR roundtable participants are: Richard G. Cohen, CIMA, is a first vice president investments and senior investment management consultant at Salomon Smith Barney's Westwood office in Los Angeles, where he also...
All of Smith Barney’s employees at its headquarters building at 388 Greenwich Street in the Tribeca section of Manhattan--a bit uptown from the Wall Street area, but still within sight of the World Trade Center...
Merrill Lynch announced today that two key Merrill Lynch executives will be replaced. Jeffrey Peek is no longer head of the firm’s asset management unit, and the corporation’s long-time general counsel...
Brokers have been overlooked in their firms' online offerings, according to a study released in July by Gomez, the Waltham, Mass.-based Internet research firm. Researchers analyzed firms' sites and interviewed 50...
It's interesting to watch the lone wolf culture on Wall Street disappear. Take the Merrill Lynch team of Linda Stirling and John Folsom (see Million-Dollar Producers, Page 55). Folsom, already a successful broker on...
Yesterday the SEC turned down a request from the Investment Company Institute (ICI) to regulate folio products as mutual funds. Sponsors of folios--which are ready-made baskets of stocks individually owned by...
What's my book worth? That's a question we hear a lot. As we report in What's Your Book Worth? Page 44, independent practices generally sell for one to two times revenue. But as an employee-broker, you have no equity...
Merrill Lynch said yesterday its push toward fee business helped steady its U.S. retail business, which actually improved during the second quarter due to expense cuts. The firm’s second-quarter earnings...
The General Accounting Office (GAO) released a report June 22 that was critical of the Securities Investor Protection Corp. (SIPC), as well as the SEC’s role in overseeing the SIPC. The GAO is Congress’...
