Merrill Lynch’s well-publicized salary freeze is not as bad as it appears--at least for brokers. Because of Merrill’s new compensation plan that kicks in next month, fee-based brokers are celebrating...
With the markets soaring this week, brokers across the country are expressing different views as to how they are approaching business. While one Merrill Lynch rep in the South says he’s “looking at this ...
With the markets soaring this week, brokers across the country are expressing different views as to how they are approaching business. While one Merrill Lynch rep in the South says he’s “looking at this ...
Goldman Sachs downgraded Morgan Stanley's stock and recommended more job cuts, but brokers won't be affected, a Morgan Stanley spokesperson says. About 1,800 people have been let go by Morgan Stanley this year, yet...
Despite some puzzling management decisions, Prudential Securities is a fine place to work, brokers say. The firm is led by young accountant types who have no concept of what happens when a broker talks to a client...
When UBS Warburg bought PaineWebber last year, reps were a bit unsettled, unsure of what to expect. The mood now: So far, so good. The prefix was added in March, and Joe Grano took over as chairman for Don Marron in...
It's already tough for brokers to expunge erroneous information from their CRD reports. Now, it might get even more difficult. That's because the NASDR has proposed a detailed set of rules governing how brokers can...
Like the New York Yankees playing in (if not winning) the World Series, you can count on Edward Jones reps raving about their firm. Jones brokers love their autonomy, and the company's ethics and old-fashioned...
Mirroring an industry wide trend, UBS PaineWebber is encouraging its brokerage force to go fee-based by increasing the payout on fee-based business by an average of two to four percent net, according to brokers from...
UBS PaineWebber brokers are "outraged" over a new policy that states they will be charged $12 for every stock and option ticket order they write beginning Dec. 1, rrmag.com has learned. "It's a terrible policy," says...
