In this section we present key findings and insights from our survey questions on practice management and operations, including services offered, the most time-consuming activities, professional designations, custody relationships and documentation trends.
Today, the SEC charged two former top-ranking New York political figures with orchestrating a multi-million dollar fraudulent “kick back” scheme. The SEC complaint names David Loglisci, the former New York Deputy Comptroller and chief...
Bear market rally or the beginning of a new bull market? Who the heck knows, but there is good news out there. The S&P extended it’s rally and is now up about 17 percent since hitting 12-year-lows last week. Today’s market was fueled...
There are likely few people who’d want to be in Edward Liddy’s shoes—especially today. The AIG CEO is testifying before the Inquisition—er, Congress this morning. Liddy will be grilled about $165 million in bonuses his company doled out to...
Sandy Weill and Hank Greenberg are no longer billionaires, and the great Warren Buffett took a hit too. But the Forbes annual billionaire's list reaveals that Mayor Mike Bloomberg got richer.
Is New York AG Cuomo Eliot Spitzer incarnate? How much in client assets did UBS's U.S. retail brokerage lose in 2008? Why is Steve Leuthold still bullish?
So, Bernie Madoff might finally plead guilty—but the fallout from his alleged fraud on the financial advisory business might not disappear for a long while. In our February cover story, we detailed how once-highly-regarded retail financial...
Is it just us, or are the regulators always one step behind? In its latest effort to prove its effectiveness, the SEC says it wants to reevaluate the rules governing credit-rating agencies. You know, those same agencies that assigned stellar...
Any advisor who has worked for a wirehouse is familiar with the “penalty box.” The penalty box refers to a painful double whammy: A precipitous drop in production that knocks an FA down the payout grid. It’s a fact of life at...
The ax began to fall at Bank of America/Merrill Tuesday morning, according to Dealbreaker. The layoffs weren’t expected to begin until tomorrow. Some claim that every business group will be hit. If you find yourself, suddenly, office-less...
