UBS Adds HNW Reps in San Fran, Atlanta

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...

A controversial NASD initiative that would give investors easy access to complaints against brokers is undergoing some change, but it’s looking increasingly likely to come to fruition. In April of 2003, NASD laid the groundwork for the so...

The Investment Company Institute has responded in kind to a recent study that found that mutual fund investors shoulder exorbitant management fees. The original report, by professors John Freeman and Stewart Brown, concluded that equity fund...

Though still in its infancy, Smith Barney’s unified managed account has gathered more than $500 million in assets in just two-and-a-half months. The UMA, as it is referred to, allows reps to monitor a variety of structured products—...

In February, Registered Rep. will introduce a new monthly column, “The Ethical Rep,” perhaps the first of its kind in the securities industry. A team of more than 30 prominent securities attorneys, law school professors and industry...

Some major fund families have been damaged by scandal, but American Funds and a few others are—so far—keeping it clean.