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.
What are the chances that one of your funds will return 100 percent (or more) next year? Slim extremely slim. Funds rarely double in a 12-month period; and when they do, one wonders: To sell or not to sell? Well, recently, just such a rarity has...
RBC's job on that front is far from done. The bank is giving Dain a makeover, and making major investments in the firm. In March 2008, Dain Rauscher will merge with another of Royal Bank of Canada's U.S. offspring, New York-based RBC Capital...
They may not be ready for a market slow down, but many of Wall Street's big-shot firms are ready for, um, a flu pandemic. Late this summer, executives from firms like Morgan Stanley, Citigroup, Charles Schwab and Goldman Sachs met to discuss their...
State Street Global Advisors appointed Thomas Anderson as head of the Strategy and Research Group in its Intermediary Business Group. He will oversee eight research strategists who provide customized portfolio solutions to financial advisors...
When a client opens a brokerage account, he agrees that he won't sue you, the registered rep, in a court of law. In opening the account, the client agrees to take his complaint through an arbitration system controlled by the securities industry...
One would think a client's collection of 50 cars, let alone 50 Corvettes, would be hard for a team of financial advisors and estate planners to ignore.
Financial Advisors may discuss charitable giving with clients for the same reason that most people choose to give in the first place: It's the right thing to do. But you can use that discussion to clean up your client's portfolio and simplify your...
Not everyone can be a great hitter, fielder and pitcher. That's why teams work. And not just in the realm of baseball. Over the last several years, there has been a decided trend for financial advisors to practice in teams of two or more rather...
Morgan Stanley underwent a major management shakeup yesterday. Effective tomorrow, December 1, James Gorman, president of the firm’s Global Wealth Management Group will take on a co-president role at Morgan Stanley
The EEOC is investigating claims made by former Morgan Stanley advisors that the firm discriminated against older workers when it laid off 1,000 financial advisors back in 2005, according to a story in the Associated Press.
