Last year’s markets were not very kind to brokers and their firms, which both took major hits in the fourth quarter thanks to the credit fiasco. For those betting on 2008
Merrill Lynch appointed Nelson Chai as executive vice president and chief financial officer of the company. Prior to joining Merrill, Chai served as executive vice president and chief financial officer of NYSE...
Registered Rep: Technology that's had the greatest impact on your business? Paula Dorian Gray: Pareto Client Management System, which allows us to provide high-touch service and be proactive. RR: Plans for retirement...
With so much buzz about the RIA world's rapid growth in assets and number of advisors, news about the other independent channel seems to be slipping through the cracks. Just a few years ago, it was the independent...
Schwab's Talk to Chuck campaign is tough to miss. Buses, billboards and television screens have all been plastered with Chuck Schwab's friendly face in an effort to interest investors in his firm's investing and...
Depending on whom you talk to, it may have just become a little bit harder for registered reps to erase disputes from the Central Registration Depository (“CRD”) records system. The Financial Industry...
Goldman Sachs closed out the year on a high note. Despite the credit crisis that has hurt many of its rivals on Wall Street, net income at Goldman increased 2 percent in the fourth quarter
The punches keep on coming for some of Wall Street’s biggest firms. A handful of firms were sent subpoenas late this summer courtesy of New York State Attorney General Andrew Cuomo
Smith Barney at a Glance: Total client assets: $1.6 trillion Number of advisors: 14,873 Average annualized revenue per advisor: $768,000 Pretax profit margin: 24% Mascot: Red arch Worst management move: Messing with...
They may not be ready for a market slow down, but many of Wall Street's big-shot firms are ready for, um, a flu pandemic. Late this summer, executives from firms like Morgan Stanley, Citigroup, Charles Schwab and...
