Merrill Lynch has opened a new Retirement Services Office to help its financial consultants and other employees ease into retirement.A firm spokesperson tells RR the Retirement Services Office was recently added to...
Merrill Lynch has released some interesting data on the number of minority brokers at the firm.Fewer than 300 (about 2 percent) of the firm's 14,700 U.S. retail producers are African-American, 3.5 percent are Hispanic...
In August, the SEC and the New York County District Attorney's Office fined Bear Stearns 35 million dollars over the firm's role in clearing for defunct penny stock firm A.R. Baron. Bear Stearns settled without...
About 3,000 financial professionals are testing the new online matchmaking service created by Boston-based Dalbar Financial and Microsoft. Called Advisor Finder, the service links users of Microsoft's MoneyCentral...
Congratulations! Your clients are complaining.Sounds ridiculous, right? But ask any experienced producer how much he appreciates receiving constructive criticism, and you'll immediately understand why."When we...
Still in the dark about after-hours trading? You're not alone.Although wirehouses have been among the most powerful supporters of extended trading hours, they aren't telling brokers much about how they might be...
In August 1991, David Sack reinvented himself. At the time, Sack, a sales manager for the Shearson Lehman Bros. office at 625 Madison Ave., was enjoying the pinnacle of success. "Lehman was the greatest sales machine...
If you've been waiting for evidence of any concrete synergies between Salomon Smith Barney and its adoptive parents at Citigroup, SSB co-head of retail Jay Mandelbaum says he has the documentation. Specifically, SSB's...
With four different broker/dealer subsidiaries, Dallas-based holding company Southwest Securities Group (SSG) offers a smorgasbord of financial services--everything from deep-discount online trading and clearing...
When the SIA announced the findings of its survey on women and minorities in the securities industry this spring, the statistics were underwhelming."No surprises," says Kathleen Flanagan, co-chair of the SIA Diversity...
