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.
As Citigroup, Merrill Lynch and other firms take write-offs of about $100 billion (and counting) due to the credit bubble, you might have had this gnawing feeling: This is familiar I've seen this movie before. And you would have been correct. You...
There are many benefits that top financial advisors (producing $1 million or more a year) receive when moving to a new firm. The most obvious is a handsome transition package of 220 percent or more of trailing production (over a 3-year period)...
Financial firms have written down more than $100 billion in capital (at the time of this writing). And, the destruction of capital is expected to spread now that some bond insurers seem to be on the lip of insolvency. Not to pick on our friends at...
It looks like the worst of the mortgage meltdown is far from over for the big banks. In a surprise warning today, UBS announced that it would post a record $4 billion
UPDATE: Morgan Stanley is laying off 1,000 people, primarily in tech, operations and support roles, according to the bank. Sources familiar with the situation said these jobs would be concentrated primarily in the wealth management, asset...
Citigroup announced another whopper of a write-down in the fourth quarter; full-year results were dismal. That said, Global Wealth Management, which includes Smith Barney, was a bright spot.
Oops, looks like Merrill underestimated its quarterly loss—again. After an $8.4 billion write-down in the third quarter that resulted in $2.3 billion in losses, the fourth quarter is likely to be far worse.
In some ways, the job of branch manager is hopelessly conflicted. You are responsible for improving revenue, yet you are also charged with playing “Mr. Compliance Guy.” Branch revenue growth is, therefore, “the single greatest...
