Wealth Management industry news covering the financial markets, trends and wealth professionals.
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Oddlots Random samplings of news affecting the estate planning industry Compiled by Christopher Weems, Associate Editor Send an e-mail with your news item FT. WASHINGTON, Pa., The Coventry Center for Financial Professionals, a pioneer in life...
The war on analysts is now threatening brokers. In proposing heightened disclosures from analysts, the NASDR has included retail brokers as well. The July proposal, NASD Notice to Members 01-45, broadens disclosure obligations for public...
Merrill Lynch’s worldwide broker sales force continues to shrink. The company reported last week that it has dropped almost 1,700 brokers from the ranks of its worldwide sales force within the past six months, mostly by not replacing brokers...
Retail broker production and pay hit yet another record high in 2000--the sixth consecutive year of higher commissions, fees and earnings, according to the Securities Industry Association’s Report on Production and Earnings of Registered...
Nearly 10 years after the ex-president of Templeton Funds was fired following the firm’s merger with Franklin Resources, Dan Calabria won an $858,000 NASD arbitration award. Calabria was president and CEO of Templeton Funds, and when he was...
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...
