For registered rep reservists serving in one of the nation’s armed forces, coming home and returning to the job is soon to get a lot easier. Of course, the NASD says there is nothing it can do to prevent...
The wealthiest Americans are giving considerably less to charity than they did during the go-go years of the Internet boom. American households with a net worth of $5 million or more (excluding the value of their...
ARTnews magazine says three of the world's top 10 art collectors (based on the volume of their acquisitions in the past year) hail from Wall Street. #1 Leon Black former head of mergers at Drexel Burnham, he founded...
The House of Representatives has approved a bill that would stiffen rules governing the way mutual funds, high-cost loans and other financial products are marketed to military personnel. The House bill, called the...
Digital audio players are everywhere these days even on the desks of Fidelity advisors. The mutual fund giant recently introduced for its independent advisors. Podcasting which derives the first part of its name from...
Five years ago, Dave was a rookie rep in a UBS training class, but the former muni-bond trader could easily have been mistaken for an instructor. At 43 years old, Dave (not his real name) was an anomaly at the time an...
For Cliff Josephy, the decision to leave his brokerage job was a real gamble, but one that has paid off (in the short run, at least). According to PokerPages.com, Josephy recently won $192,560 at the World Series of...
When Smith Barney and Legg Mason announced a deal to swap the wirehouse's asset-management business for Legg's brokerage unit, a lot of Legg reps saw an ugly storm brewing. Some made calls to recruiters and began to...
Wealthy clients are very familiar with wirehouse brand names a sign that the industry's heavy marketing is paying off. But when it comes to rating the actual services that firms deliver, wealthy clients favor boutique...
The big financial services players have released their second-quarter earnings, and most private client divisions didn't do as badly as analysts were expecting -- thanks, in part, to an improving equity market...
