The Royal Bank of Canada on Wednesday announced it would acquire Tucker Anthony Sutro and merge it into RBC’s Dain Rauscher unit. “We’re not happy about losing the [Tucker Anthony Sutro] name or about the dollar valuation that...
The boards of directors of the Investment Management Consultants Association (IMCA) and the Institute for Certified Investment Management Consultants (ICIMC) have endorsed a proposal to consolidate the two organizations, the groups announced on...
UBS PaineWebber is now charging brokers two times gross commissions when clients sell a new issue within 40 trading days, providing the stock hasn’t moved up or down by 10%. The firm announced the policy last Friday. A firm spokesperson says...
Some of the most fulfilling professional work during our careers can be the privilege of assisting affluent clients in developing their vision of what it means to build a lasting legacy for both their family and the community. Philanthropic...
Oddlots Random samplings of news affecting the estate planning industry Compiled by Christopher Weems, Associate Editor Send an e-mail with your news item Community Bankers Oppose Fed/Treasury Policies Kenneth A. Guenther, president and CEO of the...
Oddlots Random samplings of news affecting the estate planning industry Compiled by Christopher Weems, Associate Editor Send an e-mail with your news item E-Brokerages Luring Banks Most Valuable Customers Compete, Inc.s Research Shows That Banks...
Oddlots Random samplings of news affecting the estate planning industry Compiled by Christopher Weems, Associate Editor Send an e-mail with your news item Northern Trust Retirement Consulting Sends Employees Back to School CHICAGO, -- Northern...
"Estate Trusts" are a means of obtaining a full, non-discounted basis step-up for all of the assets used in the strategy at the first spouse’s death, while providing a valuation discount at the second spouse’s death...
Bloomberg interviewed former SEC Chairman Arthur Levitt on Wednesday about broker conflicts like commissions and sales contests. Levitt now sits on the Bloomberg LP board. See the transcript at: http://www.bloomberg.com/news2.cgi?T=scrnews.ht&s...
A.G. Edwards says its business is down by about one third. In a quarterly filing with the SEC on July 17, the firm reported that total commissions fell 36% during the quarter that ended May 31, 2001, compared to the same period in 2000. “...