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.
When it Began, the credit crisis had little to do with retail brokerage. After all, the fixed income departments were the ones who made the bad mortgage bets that have since unraveled, resulting in a pileup of more than $200 billion dollars in...
When Jeffery Camarda Left His Job as an insurance-based advisor at John Hancock in 1988 to launch Camarda Financial Advisory Inc., a fee-only RIA, his income vanished. I took a loss for the first time in my life, Camarda says. Not only did Camarda...
Jimmy Cayne was uncharacteristically penitent as he spoke before shareholders at a meeting Thursday to approve Bear Stearns’ sale to JPMorgan Chase, The New York Post reports today. But shareholders greeted his words of remorse with stony...
Geoffrey Raymond, an artist who seems to have a penchant for painting portraits of Wall Street honchos, has just unveiled his latest masterpiece: Jimmy Cayne in acrylic.
Exercising can be detrimental to your health—just ask Stuart Sugarman, fund manager and investment banker at Sunrise Financial Group. Last August, in spin class, Sugarman, 48, was quite vocal about the “burn.” One of his...
The independent broker/dealer channel is still fighting a decades-old battle. In Chicago this morning, the fourth annual SIFMA Independent Firms Conference opened with remarks from industry executives whose speeches seemed to underline a familiar...
JPMorgan Chase CEO Jamie Dimon said Tuesday that approximately 55 percent of Bear employees will be out of a job once JPMorgan Chase completes its acquisition in the coming weeks, Reuters reports.
We hate to get too political here, but the Senate deal to “save” struggling homeowners by refinancing up to $300 billion in loans seems quite unfair to taxpayers and, I would daresay, equity investors or speculators of any kind. Sure...
JPMorgan Chase CEO Jamie Dimon has personally embarked on a letter-writing campaign, The Financial Times reported this morning, to find employment for the “5,000-plus Bear employees who will not have a job after the takeover closes next...
