The use of noncompetition and nonsolicitation agreements is pervasive in the securities industry. These agreements can be the legal equivalent of a ball and chain around a broker's leg, preventing him from exercising the freedom to earn a living...
If you're ready to leave commissions behind and brave managed money territory, check out how other brokers survived the new environment. Making a move to fees can feel a lot like being part of the brokerage industry's own form of the TV show. You...
Jan. 5, 2001 Raymond James Financial (RJF) wants former Prudential Securities CEO Wick Simmons as a member of its board of directors, despite the fact that Simmons plans to become CEO of Nasdaq in February. The St. Petersburg, Fla.-based...
Despite current upheavals in the markets, author and demographer Harry Dent is standing by his contention that the Dow could hit 36,000 by 2007 or 2008. “This is short-term market turmoil,” Dent said Wednesday at the Raymond James 2001...
Raymond James Financial Services, which grew to a record 3,909 brokers in 2000, projects to increase at an average rate of 500 brokers per year over the next three years, according to Tony Greene, chairman and CEO of RJFS. “We’re being...
ON THE FEE SIDE Scott Root Senior Vice President, PaineWebber, San Mateo, Caif. Root started doing managed money about 10 years ago, and now 60% of his business comes from recurring fees. R. Stephen Trudeau Vice President, Senior Financial...
Raymond James Financial will rename its two independent contractor subsidiaries, Investment Management & Research (IM&R) and Robert Thomas Securities, to Raymond James Financial Services (RJFS), although officials insist the two operations will...
LIZ ANGELONEFirm: Merrill LynchOffice: Stamford, Conn.Years in Business: 10Production: 1.1 million dollarsAssets: 200 million dollarsStaff: One assistant shared with another repTen years ago, Merrill Lynch financial consultant Liz Angelone started...
In April 1998, David Edstrom was ready to throw in the towel as a broker. He had been a rep with Merrill Lynch in suburban Chicago for a few years, and he was burned out.He took some time off to think about what to do next. "I came full circle,"...
Here are 22 pointers from recruiters, indie firm execs and brokers on how to research an independent broker/dealer.1) Make a list and check it twice. "Make a checklist of the issues that are important to you," says Mitch Vigeveno, a recruiter who...