Edward Jones—a firm that hasn’t attracted much regulatory scrutiny over the years—has been under considerable fire of late, thanks mainly to previously undisclosed revenue-sharing arrangements. The...
MFS Investment Management and Morgan Stanley's announcements in March that they will no longer pay soft dollars to brokerages for third-party research might be the snowflake that causes an avalanche. Many observers...
Brokers looking for a home at a regional firm find their options quite limited these days. Many regionals have been swallowed up, or, in the case of Wachovia, have done the swallowing on their own. But, recruiters say...
Monday, 14 June 2004 Well, I'm here. I hope everybody's happy. I hope everybody feels better about themselves; they've sent a 62-year-old woman to prison. Oh, you forgot that I was 62, did you? Don't let the blonde...
The rumors are proving true: The larger brokerage firms, including Raymond James and Wachovia Securities, are warming to the idea of letting reps dabble in more independent-minded pursuits. On March 1, Raymond James...
A new study asserts that Wall St. firms are ready to address one of reps’ most common complaints in recent years: the lack of resources devoted to internal infrastructure, especially technology. The study, from...
Consider the message brokerage firms are sending to the investing public these days: Total Merrill. Or What We Do to Help Our Clients Succeed (Morgan Stanley). Or Fully Invested in Our Clients (A.G. Edwards). Or This...
