The Casualties Of Wall Street
The Casualties Of Wall Street
Jun 01, 2009
It has been a sobering year for Wall Street, in many more ways than one. But for a tiny minority, the financial losses wrought by the careening market were nothing short of unbearable. Here, for example, is what Russell K. Smith, a stockbroker at...
Merger Hangover Remains at Wachovia and A.G. Edwards
Jun 01, 2009
As Wells Fargo begins its summer-long re-branding of Wachovia and A.G. Edwards, some financial advisors at what is now the largest retail brokerage firm in the U.S. 16,000 FAs say the integration of Wachovia and A.G. Edwards is still incomplete...
Advisors: Most Firms Not Worthy of Trust
Advisors: Most Firms Not Worthy of Trust
Jun 01, 2009
Financial advisors say all types of financial service firms lack trustworthiness
Career Moves: Tying Up Loose Ends
Career Moves: Tying Up Loose Ends
Jun 01, 2009
Even in the final days before you switch brokerage firms, there are a lot of details to get straight with your new firm
When Growth Is The Problem
When Growth Is The Problem
Jun 01, 2009
It wasn't long ago that Larry Rothenberg had the kind of problem most advisors would kill for. Sometime in 2004, he recalls, his team, which then consisted of three senior financial advisors, three junior FAs and six client associates (CA), was...
Blotter
Jun 01, 2009
Hedgie Gets $62M Fine: Michael Lauer, head of Lancer management Group and Lancer Management Group II, two Connecticut-based hedge funds, was ordered on May 14 to fork over $62 million within 15 days as a result of being found liable on SEC fraud...
60 Seconds
60 Seconds
Jun 01, 2009
Valerie Brown spoke with Registered Rep. about her new role as CEO of ING Advisors Network. Registered Rep.: What's your first priority as newly appointed CEO of ING Advisors Network? Valerie Brown: My first priority is listening. I have been with...
Comfort Zone
Jun 01, 2009
Talk has run rampant lately of an exodus of advisors from Wall Street firms to independent b/ds, regional brokerage firms and RIAs. After all, the big national brands have been damaged by the mortgage meltdown, the takeovers and government...
Ties That Bind
Ties That Bind
Jun 01, 2009
As we addressed in our story Comfort Zone, on page 9, despite all of the talk about breakaway brokers leaving Wall Street and choosing independence, the majority of wirehouse advisors are not going for it. According to Discovery Database, more...
Tax on a Phantom Tax
Jun 01, 2009
A recent decision out of New Jersey Estate of Stevenson v. Director, Division of Taxation1 illustrates a novel issue arising under the decoupled estate tax systems adopted by many states: the potential imposition of state death taxes on federal...
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