It may come as no surprise to many brokers, but more than half of American investors look to them for more than just transactional assistance, according to new research.
This month, the contingent of PaineWebber brokers who remained at UBS following the 2000 merger will receive the final installment of their post-merger retention bonuses a chunk of UBS stock. The expiration of this...
The last quarter hasn't been great for retail brokerages. Low trading activity and geopolitical uncertainty kept investors on the sidelines, and advisors are feeling the pinch. We're seeing a mean reversion in...
Separately managed accounts (SMA) have been touted as the next big thing, the Holy Grail even, for the financial services industry for a few years now, but myriad inefficiencies still hamper the effective delivery of...
The latest move to influence the SEC’s much awaited decision on the fate of the proposed “broker-dealer exemption rule” came today from the Consumer Federation of America, a nonprofit association...
For many Americans, Tuesday, Nov. 2 will be a tense and exciting day, as the country decides who will sit in the White House for the next four years. For Wall Street, however, which candidate ultimately rules the...
It's no secret that sales assistants are the administrative linchpins of many a brokerage office, but never before has their role been so crucial to the smooth operation of their practices.
If you're a broker, chances are you introduce yourself to clients and prospects as a financial advisor or financial consultant. The Financial Planning Association and some consumer groups are in court in an effort to...
Pittsburgh-based PNC Investments, the brokerage arm of PNC Bank, is deep into an aggressive hiring campaign, aiming to add 100 financial consultants by year's end an effort it hopes to duplicate in 2005. The hiring...
If you are like most registered reps, your card probably says you are a financial advisor—and not a stockbroker. Indeed, whether you work at a large Wall Street brokerage or a small broker/dealer, the odds are...
