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.
The debate about government’s role in the economy just got stoked big time, what with the recent news that Treasury Secretary Henry Paulson wants to shore up Fannie Mae and Freddie Mac with taxpayer dollars.
Wachovia, now with A.G. Edwards under its wing, unloaded a whopper of bad news yesterday, reporting a second quarter loss of $8.9 billion, or $4.20 per share; that’s nearly three times more than some analysts expected.
In case you missed it, President Bush and Fed Chairman Ben Bernanke both gave speeches last Tuesday morning, July 15, about the state of the economy. Evidently, they didn’t share talking points beforehand.
Today, Merrill Lynch provided a damper to the financial sector rally that has occurred over the past two days by reporting even worse quarterly earnings than analysts expected. The firm announced a loss of $4.7 billion in the second quarter, it&...
It seems that ladies who lunch do not like to give up those lunches, nor their shopping sprees, Gucci handbags and Hamptons summer getaways—no matter what the condition of their marital finances.
Ladenburg Thalmann analyst Richard Bove today suggested that Morgan Stanley’s former CEO, Phillip Purcell, who was ousted after a nasty flap with a group of dissident shareholders, should be named the new CEO of Wachovia Bank.
Independent b/ds, with razor-thin operating margins, need to grow to remain profitable. Yet they must also maintain that small company feel. NEXT Financial Group walks the razor’s edge.
Registered Rep.spoke with Jim Weddle, CEO of Edward Jones, about the firm's new fee-based platform, which it began to roll out in June. RR: What inspired the development of this program? JW: Well, we did a lot of research both among our clients...
