It looks like the worst of the mortgage meltdown is far from over for the big banks. In a surprise warning today, UBS announced that it would post a record $4 billion
Apparently, some people still think it’s far too easy for brokers to wipe their records clean, particularly where customer dispute information is concerned. A story on SmartMoney
UPDATE: Morgan Stanley is laying off 1,000 people, primarily in tech, operations and support roles, according to the bank. Sources familiar with the situation said these jobs would be concentrated primarily in the...
You’ve probably made some personal New Year’s resolutions for 2008. Most people do. A new year is always a great opportunity for a fresh start. But have you made new resolutions for your business? Have you...
Registered Rep. spoke with Francais about competition in the wealth-management business. His firm, Quintile, recently agreed to merge with Kochis Fitz, creating the third-largest RIA in the U.S. Registered Rep....
Financial-services firms are in fierce competition for good wealth managers, also sometimes known as client-relationship managers (CRMs). For the most part, retail brokerage firms have been simply cannibalizing one...
You may have heard by now that there is a talent-squeeze in the wealth-management business. In fact, one quarter of recruitment openings for wealth managers could not be filled during the past year
Registered Rep.: What was the scariest moment in your career? Geri Pell: Jumping off a 130-foot cliff on a zip-line at a leadership/change retreat. RR: The most triumphant? GP: Qualifying for the Chairman's Advisory...
Wall Street's titans made a terrible mess with their bets on the sub-prime mortgage market, and now they're paying for it dearly. Most of the major U.S. banks and brokerage firms recorded massive write-downs of sub...
Long-term care is not an easy thing to talk about with aging clients. In fact, most folks would rather contemplate their deaths than illness or infirmity in old age. But just because they don't want to talk about long...
