Philip Purcell, CEO of Morgan Stanley, is under fire again. In a shake-up that shocked even observers who said they had seen such an explosion coming, the beleaguered Purcell watched two of his top executives resign...
Wachovia Securities, with its purchase of Prudential in early 2003, suddenly became the third-largest brokerage in the country. Now, just over a year later, the firm has announced the creation of the Individual...
Internet deals are back. So are IPOs. Just like 1999! As if to prove the point, online brokers have started new price wars. Charles Schwab & Co. launched the first salvo in January by eliminating account fees for...
In the Disney movie That Darn Cat!, the plot is set into motion by an elderly woman who leaves her prodigious estate to the eponymous feline. In real life, clients cannot bequeath directly to a pet, but there are ways...
A.G. Edwards is not the first brokerage firm to encourage its brokers to continue their educations, but the firm has come up with a novel twist: Its continuing education classes now qualify for college credits...
When the University of Notre Dame fired football coach Tyrone Willingham for subpar performance, one of the people at the center of the decision was university trustee and Morgan Stanley chairman and CEO Philip...
Investors are happy to think about retiring but are reluctant to contemplate what comes next. Such are the separate findings from surveys from AXA Financial and PNC Advisors. The AXA study showed that Americans are...
A new study from Merrill Lynch asserts that the oft-predicted baby boomer retirement crisis will be a nonevent for one important reason: Most boomers don’t plan on retiring in the same fashion as their parents.
In a move that casts doubt on the future of mutual fund regulation, the SEC has announced that its chief mutual funds legislator, Paul Roye, will step down, effective immediately.
Countless contributions have been made for victims of the devastating tsunami that has killed more than 160,000 people. But one UBS advisor provided some relief of his own. John Alex, a UBS advisor based in New York...
