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 Boston-based Celent...
Using options requires the proper mindset. When recommending an option strategy to a client, it is important that they have realistic expectations. Equipping a client with realistic expectations has three parts, stating the initial intent, having...
It is never too soon to think about year-end tax issues. Imagine that you have the opportunity to take a loss on a stock you own, but, since you like the prospects of that stock over the long term, you could still control the stock. Have you ever...
The NASD Wednesday slapped Waddell & Reed with more than 6,700 complaints, charging that the firm systematically encouraged brokers to recommend unsuitable variable annuity exchanges to its customers. Two company executives were cited. The firm&...
As the baby boomer generation nears retirement age, the financial issues that weigh heaviest on their minds are shifting. According to a study released yesterday by AXA Financial, baby boomers have switched their financial focus from providing for...
The OEX index is trading at $560, and your client wants to sell 560 puts for $10. Is there a similar strategy with less risk that you can recommend? Yes! Read on.
