Wealth Management industry news covering the financial markets, trends and wealth professionals.
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Merrill Lynch is looking for a few good brokers within its ranks to focus entirely on the firm's ultra-affluent investors--households with $10 million or more to invest. Merrill executives want to expand the firm’s Wealth Management Services...
Salomon Smith Barney on Monday launched two new services for clients with online access--its own account aggregation service (separate from parent Citigroup's “myciti.com") and wireless access. The firm is also preparing to improve its Web...
Charles Schwab & Co. has teamed with the consulting firm of Callan Associates to provide investment consulting for Schwab advisers beginning sometime in the second quarter. The new service, called Managed Account Select, will provide the...
Referrals can be the lifeblood of brokers' businesses.Steve Saenz, a business coach at Paragon Resources in Atlanta, has a marketing method he says will significantly increase the quantity and quality of referrals. It's called the "Top 100...
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...
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" 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...
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...
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...
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...