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.
In our December Annual Broker Report Cards story, we published incorrect numbers for Wachovia/A.G. Edwards. Wachovia actually scored 8.1 in the Work Environment category, a 7.9 in Quality of Sales Assistants and a 6.9 in Quantity of Sales...
Merrill Lynch appointed Nelson Chai as executive vice president and chief financial officer of the company. Prior to joining Merrill, Chai served as executive vice president and chief financial officer of NYSE Euronext, and its predecessor company...
Registered Rep.: Why write a book on a magazine list? And how much money do you have to have to make it on the Forbes list? Peter Bernstein: The amount of net worth you have to have to be on the list has increased at a pretty healthy rate over the...
Registered Rep: Technology that's had the greatest impact on your business? Paula Dorian Gray: Pareto Client Management System, which allows us to provide high-touch service and be proactive. RR: Plans for retirement? PDG: I do not anticipate...
You won't find your ultra-high-net-worth clients trolling MySpace for dirt on their neighbors, or petitioning plebs to buy their private jets on Facebook. No, the wealthy want the same exclusivity online as they do at the country club. And so, not...
Hedge-fund manager Louis Moore Bacon of Moore Capital Management, LLC, just set a new record for the highest price every paid for a piece of residential real estate in the U.S. For $175 million, Bacon purchased 171,400-acre Trinchera Ranch in...
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...
Sooner or later, you're going to get a call from a valued client that may put you in an uncomfortable situation. He will tell you that the Society for Preservation of Historically Significant Manhole Covers (an organization of which he is...
If you thought compliance and regulatory scrutiny couldn't get any more intense, welcome to 2008. Consumer protection is expected to be the driving force behind new regulations and enforcement actions in the financial-services industry this year...
Hunter McFarlin knew something was wrong. He quit his job selling life insurance at a small bank in Murfreesboro, Tenn., to start his own advisory practice back in 2004. At the time, McFarlin figured it would take a while before he made a profit...
