Wealth Management industry news covering the financial markets, trends and wealth professionals.
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Rick’s Cabaret International, a publicly traded strip, er, “gentleman’s club” will be hosting a special “Stockbroker’s Due Diligence Ball” at its New York City mammary mecca, beginning with an all day &...
In an election victory that would make Ralph Nader, Ross Perot and other pot-stirring outsiders smile, two of three candidates running against NASD’s leadership supported nominees have won seats on the self-regulator’s National Board...
It’s no longer business as usual on Wall Street. Starting yesterday, broker/dealers must follow a new SEC rule that requires them to disclose at certain times that they may not be acting in their clients’ best interest. The change...
Alleged takeover talks between Morgan Stanley and institutional money manager BlackRock have reportedly been called off due to a runup in BlackRock’s stock price, CNBC reported on Feb. 1. Shares of BlackRock (BLK) have risen 11 percent since...
Management of A.G. Edwards is trimming its compensation and raising the performance expectations it has on brokers. As the brokerage industry moves upmarket and seeks better return on equity and profit margins, the pressure for reps (and their...
Merrill Lynch, in an effort to bolster distribution of its poor-selling proprietary funds among third-party financial advisors, unveiled on Monday a new retail asset-management brand name: Princeton.
Merrill Lynch, in an effort to bolster distribution of its poor-selling proprietary funds among third-party financial advisors, unveiled a new retail asset management brand on Monday. The firm also denied that it was prepping the unit for a...
You would be hard pressed to find anybody in the retail investment business who thinks the industry is under-regulated. But the most put-upon group of all may be independent broker/dealer organizations. At least that’s what you would have...