Fees Versus Commissions

Feb 26, 2001

Fees Versus Commissions Four reps debate why they prefer one style to the other, what’s best for clients and where the industry is heading. By Dan Jamieson and Rick Weinberg RR: The entire industry seems fixated on moving to fees. Are we...

RR Commentary

Feb 23, 2001

Commentary: RR Magazine's Editor in Chief Dan Jamieson's Comment Letter to the SEC on the NASDR's Proposed TRO Rule May 1, 2000 Securities and Exchange Commission Jonathan Katz, Secretary 450 Fifth St., N.W. Washington, D.C. 20549-0609 Comment to...

Reforming Do-It-Yourselfers

Feb 22, 2001

"Reforming Do-It-Yourselfers" Full-service reps are welcoming transfers from online firms--and the reason isn't always lost dollars. In online land, weak customer support leaves investors feeling exposed. By Rosalyn Retkwa David Furmanski has been...

Securities Training Exec Sees No Signs of Hiring Slowdown

Feb 22, 2001

The president of one of Wall Street's largest training firms says sluggish market conditions haven't slowed down enrollment in his company's exam preparation courses. "Last year, online brokerage firms were getting a lot of people registered...

Hot Links: Key Web Sites for Stockbrokers

Feb 21, 2001

RR Online synopsis of industry-related Web sites Web sites of interest to brokers, including regulatory organizations, broker/adviser groups, industry trade groups and industry organizations. There are also direct links to firms' press releases...

First Union CEO Says 2001Will Be Belt-Tightening Year

Feb 16, 2001

Following several years of furious spending on acquisitions, First Union is concentrating on “expense management and expense control” in 2001, President and CEO Ken Thompson told analysts Tuesday during a conference held by Credit...

MSDW Reps Have Mixed Reaction on Clinton Speech

Feb 14, 2001

The decision to hire former President Bill Clinton to speak at Morgan Stanley’s annual High Net Worth conference earlier this month was called “a mistake” by firm Chairman Philip Purcell. A company spokesperson, quoted in an...

SSB Dropped From Asset Management Name

Feb 12, 2001

In a move that Citigroup claims will strengthen its brand globally, SSB Citi Asset Management Group has changed its name to Citigroup Asset Management. Thomas Jones, co-chairman and CEO of Citigroup Asset Management, said in a Feb. 5 statement: &...

Dain Retention Plan Unveiled

Feb 09, 2001

For sticking it out during the transition of the merger with Royal Bank of Canada, Dain Rauscher reps will receive retention bonuses worth an estimated $100 million, according to Ron Tschetter, president of Dain’s Private Client Group. The...

E*Trade Slows Move Into 401(k) Arena

Feb 08, 2001

To continue its evolution toward fuller service, online discounter E*Trade had planned to add 401(k)s to its stable of E*Trade Bank offerings early this year. But the firm’s initiative has slowed, according to an E*Trade spokesperson. The...