The role of therapist—and even amateur neurologist—is creeping into the financial advisory business. For some FAs, it may be time to put a couch in the office and to consult a map of the human brain.
A shaky market environment in 2004 didn't stop the largest brokerage firms from fighting tooth-and-nail for the best reps, and, heading into 2005, similar rules apply. This year, firms are expected to get more...
Two years ago, Dennis Miller was climbing toward the icy summit of Pico Orizaba, Mexico's tallest mountain. At 18,000 feet, he lost his footing on the ice and tumbled half a vertical mile, shattering his leg in the...
The NASD did its part for the U.S. troops today, fining Texas broker/dealer First Command $12 million for misleading its mostly military clientele about the costs of the 50 percent upfront sales charge attached to its...
Gaining access to high-net-worth clients is priority No. 1 for many brokerage firms these days, but it takes years of hard work to grow an organization of qualified wealth managers. So firms—such as Wachovia ...
The SEC narrowly succeeded in passing a final rule requiring hedge fund advisors to register under the Investment Adviser Act of 1940. The commission says the measure will benefit all involved parties, including...
As the holiday season approaches, the SEC is getting daily entreaties from registered investment advisors seeking an end to the broker/dealer exemption rule. The rule says brokers who charge fees for their services...
As effective as cost-cutting can be, there comes a point in every business diet when there is no more fat to cut. Such is the case now in the brokerage industry.
The New York Stock Exchange’s regulatory arm is flexing its muscle, hoping to squeeze confessions out of Wall Street firms that failed to deliver prospectuses to customers.
The nation’s largest discount brokerage firm, Charles Schwab & Co., is cutting 19 retail branches in favor of smaller, one- or two-broker boutiques, a move the company says will cut costs and more effectively...
