Why did Citi's wealth management chief Todd Thomson abruptly decamp the firm “to pursue other interests” when he was often thought of as heir apparent to Citigroup’s Chuck Prince?

The securities industry won’t have dual self-regulatory organizations to complain about anymore. The NASD announced over the weekend that member firms “overwhelmingly approved” to consolidate the NASD and the NYSE into one.

Citigroup announced two key management changes today: Sallie Krawcheck, Citigroup’s CFO, returns to her role as CEO of global wealth management, and Todd Thomson, who currently holds the position, is leaving the company.

The 41st Annual Heckerling Institute on Estate Planning (held in Orlando, Fla. on Jan. 8-12) offered exceptional expert presenters...

Flows to U.S. hedge funds are expected to slow this year as investors seek out greener pastures overseas, particularly emerging markets. According to the Deutsche Bank AG’s 2006 Alternative Investment Survey, domestic hedge funds are poised...

Schwab Institutional, the independent investment advisor arm of Charles Schwab, announced that it plans to offer start-up loans to registered reps who leave their firm to affiliate with Schwab’s independent network.

Some wags who practice in the Probate Division here in Chicago say an estate...

Ryan Beck’s sale to Midwest regional Stifel Financial is causing mixed reactions from industry observers and analysts alike.

The holiday gifting season has come to an end. But it’s never too late, or too early, to talk about charitable-giving strategies. Particularly, longer-term strategies involving vehicles like charitable remainder trusts and their close...

We, the editors of Registered Rep. magazine, are officially opening our annual hunt for the best in the business. That’s right, we’re asking for nominations for the 2007 Outstanding Advisor Awards (formerly Outstanding Broker Awards)...