Deal with the mortgage crisis. Minimize the pain of a hedge fund implosion. Play a game of bridge. Smoke a J. That may be a day in the life of Bear Stearns Chief Executive, Jimmy Cayne.
By now, advisors have been bombarded with talk of “going independent.” It's a phrase that is regularly circulated in the hallways and offices of wirehouses and regional broker/dealers, and in the exhibit halls of...
Randall W. Epright has been appointed executive vice president and chief operating officer of AIG Advisor Group, and senior vice president of Operations and Systems for AIG SunAmerica Asset Management Corp. LPL...
Christiane Delessert, an advisor with National Financial Partners in Waltham, Mass., was thinking about retiring. But like many reps, she didn't have a succession plan in place to get there. With $420 million in...
Everybody says they offer wealth management these days. But do they? Not really, says research and consulting group CEG Worldwide. Wealth managers use a truly consultative approach, and a lot of advisors are actually...
They didn't get to "Talk to Chuck," but attendees of the 2007 Schwab IMPACT conference did get a chance to talk to Walt Bettinger, president and chief operating officer, as well as Charles Goldman, executive vice...
Ameriprise Financial Services has long been accused of possessing a culture that’s more concerned with sales commissions than compliance. The latest allegations against the company from the New Hampshire Bureau...
The barriers to going independent are shrinking. Don’t believe it? Check out Mraz, Amerine & Hirschler & Associates, a new RIA in Modesto, Calif., a firm launched by three wirehouse advisors who left Morgan...
So Citigroups’ third quarter profits are down 57 percent, net income fell to $2.38 billion compared with $5.51 billion in the same quarter last year. The stock price has been at a near standstill since 2004...
Some 2,700 female Morgan Stanley advisors and trainees (oh, and their lawyers) just got $46 million richer. A federal judge approved settlement of the class action lawsuit six months after the women settled with the...
