Wealth Management industry news covering the financial markets, trends and wealth professionals.
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Alan Schroder, new head of Bank of Americas Individual Investor group, said in an interview with Registered Rep. that his plans for the group include expanding its investment consultant force and expanding training initiatives, probably through a...
Fee-based business at retail brokerage firms is booming. The percentage of retail brokerage firms moving from per-trade commissions into new fee-based arrangements has almost doubled in the past two years, going from 28.7% in 1999 to 50.2% today...
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Saying that the anthrax scare has caused an increase in bio-hazard-type “investment scams,” the SEC secretly launched a Web site designed to warn investors about stock market scams. The Website, www.mcwhortle.com, hawking a handheld...
Edward Jones finished No. 1 in Fortune magazine's annual list of the 100 Best Companies to Work for in America. This is Jones’ fourth appearance on Fortune’s list, but its first No. 1 ranking. Fortune’s Feb. 4 issue says 97...
With the SEC knee-deep in investigations and proposed rule changes, Chairman Harvey Pitt needed additional ammunition to handle the workload. So President Bush helped out by filling two of the four empty SEC commissioner seats with nominees Isaac...