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 its fall 2005 debut on the New York Stock Exchange as an independent company, Wall Street had little enthusiasm for Ameriprise Financial. Its shares were greeted with a yawn, sliding more than 2 percent after the completion of the spin-off out...
Yes, it's that time of year again. When kids, and even adults, prepare to don masks and outrageous costumes to impersonate ghosts, monsters and other assorted unsavory characters. Halloween enthusiasts or not, members of the investment world are...
Brokerage firms can say anything they like on a departing broker's Form U5, even if it's defamatory in nature and untrue. That's because the New York Court of Appeals ruled in Rosenberg v. MetLife Inc. that brokerage firms were entitled to an...
Sallie Krawcheck and Charlie Johnston are pressing all the right buttons, and Smith Barney financial advisors seem to be responding well. Sure, the firm's 15,000 odd advisors weren't in such bad shape to start with after all, they rank second only...
Grace Simmons is like a family member and a friend to client and colleagues, say her superiors and one that can be counted on. Grace is very easy to like, and can often be heard laughing on the phone with clients as well as broker/dealer personnel...
Former Citigroup CEO Sandy Weill has plunked down $42 million for a penthouse at 15 Central Park West, a new luxury condominium building set to open this fall. Other floor-plan buying neighbors include: Sting, Denzel Washington, Goldman Sachs CEO...
Jordan Belfort, co-founder of Stratton Oakmont, the most infamous boiler room of the pump n' dump 1990s, made millions selling bogus stocks to nave investors. Now he's selling his story. The book, titled The Wolf of Wall Street, is a 500-page...
Industry consultant Mark Tibergien has joined Pershing Advisor Solutions as CEO and a member of its executive committee. Prior to joining Pershing, Tibergien was principal at the accounting and consulting firm, Moss Adams LLP. In conjunction with...
When Joni Schultz interviewed for the sales assistant position Andrew Burish was looking to fill, she just had one question: Why had he gone through seven sales assistants in the past two years? He said, Because there's a lot of work to do...
Cleveland native Kevin Buzek has no problem speaking up, and it's a good thing his advisor and father, Ken Buzek, listens. Kevin started working as an office assistant for his father in 2001, just as the market was hitting the skids. He had no...
