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.
Barclays Capital (BCS), one of Britain's largest banks, is nearing a deal with Lehman Brothers to buy its core broker/dealer business, and is in talks to sell its investment management unit to one or more private equity firms.
The $20 billion loan AIG was allowed to borrow against itself yesterday didn’t have much of an impact after S&P, Moody's and Fitch cuts its credit ratings last night.
In the first case of its kind, the SEC announced today that it has charged two individual financial advisors with fraud related to the sale of more than $1 billion in auction-rate securities.
On the first morning of his run as a trainee for Merrill Lynch, Brian Hetherington remembers standing near his desk unsure of what to do next. I got there at 6 a.m. and I just stood there for a long while. After some time, one of the senior...
Registered Rep.: What's the best part about working in San Francisco? Brodie Cobb: Natural beauty, food, wine and outdoor sports. RR: As an RIA, what is your firm's largest expense (excluding compensation)? BC: Rent. RR: If you weren't in this...
Howard S. Lorch showed up at his first day of training uninvited. At his now defunct St. Louis firm Dempsey Kegler, Lorch was told he was more suited for social work than for the broker life. Not taking no for an answer, Lorch, a colorful...
