The day after his retirement in December, Edward Jones broker Jim Goodknight, 60, headed to the lake by his home in Joplin, Mo., to spend some well-deserved time fishing. Seeing him alone, surrounded by silence, it would be easy to forget that the...
Someday, the year 2002 will be considered an inflection point, a time when everything that could go wrong, did go wrong a year of profound change. For brokers and financial advisors, it may also be remembered as the year in which those who knew...
It hasn't been an easy introduction to the brokerage business for Jody Carmack, let alone any of his classmates who started training at Edward Jones in January of 2001. But after knocking on door after door, Carmack says it is finally begun to...
Last year, Merrill Lynch made the most cuts, lopping off 25%. Edward Jones added the most. Top 10 Firms By Number of RepsAs of January 1 Firm No. Retail RRs No. B/D Offices Merrill Lynch 15,147 744 (5)* Morgan Stanley 13,191 550 (11) Smith Barney...
2002 Headlines for Registered Representatives.
Arbitration can be ugly. Of course, you already know that. But two new books consider the battleground from different perspectives. Brokerage Fraud: What Wall Street Doesn't Want You To Know, written by securities arbitration lawyers Tracy Pride...
It's easy to see why charitable remainder trusts, or CRTs, continue to grow in popularity. You get to eat your cake and have it, too. CRTs allow donors to sell appreciated stock without paying capital gains, place them in trust and hang onto an...
Investors of late have been more impressed by regional brokerage firms, which they feel are providing better services than most industry giants, according to J.D. Power and Associates’ first Full-Service Investor Satisfaction Study.