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.
Two years ago, Morgan Stanley had an image problem. Financial advisors were so down on the firm then plagued by executive infighting, badly in need of investment in retail brokerage and bleeding advisors you couldn't have paid a broker 500 percent...
JPMorgan Chase's cafeteria burgers may survive the current market, but the investment banking division can expect more job cuts, CEO Jamie Dimon said at a recent town hall meeting between top executives and employees, according to a CNBC report...
Smart decisions are based on more than government statistics, agency reports, news releases, interest rates and stock quotes. We've selected a few fascinating statistics below that illuminate the markets, the world of financial services and big...
If you work at one of the big national firms, we want to hear from you. We are now surveying our wirehouse readers for our 18th Annual Broker Report Cards (yes, we're still using the word for tradition's sake). How does your firm measure up to...
Even in the toughest of times, Wall Street finds the cash to pad the pockets of its favorite politicians — or, at least, the politicians favored to win.
Can you ever have too many toilets? Well, yes. For residents of hedge-fund-manager and trader-haven Greenwich, Connecticut, 26 definitely exceeds the limit for a single home. Those who live on Simmons Lane, where Russian millionaire Valery Kogan...
ETF fund assets and numbers continue to soar in 2008. As of May 31, there were 683 ETFs in the U.S., with assets totaling approximately $612 billion. ETF industry assets rose nearly $17 billion for the month of May, buoyed by positive performance...
Hiring experienced advisors with handsome books of business has its benefits, but bringing on hungry young advisors can save you upfront money, culture clashes and all the headaches that accompany today’s fierce recruiting wars for top talent.
AIG Advisor Group hired Mark J. Schlafly as president and CEO of FSC Securities Corporation (FSC) and Advantage Capital Corporation (ACC). He will also assume responsibility for the AIG Advisor Group Elite Partner Program, and oversee the...
