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.
Don't call Mark Beloyan a penny stock tout. Sure, Beloyan speculates in low-priced securities. And, yes, his book is built around trading and finding retail investors who want to make a bet on the shares of companies that are more or less still in...
When a client brings in new assets to invest, you probably start by weighing the virtues of bonds versus stocks, mutual funds versus ETFs and global markets versus the good old U.S. of A. But before you throw down an eight-pound leather-bound...
Three years ago, Kalita Blessing set out on a mission. She was determined to rev up her bottom line. Blessing, a principal with Quest Capital Management in Dallas, met with a business coach, and came up with a promising though daunting plan...
Over the years, bank-based brokerages haven't posed much of a threat to Wall Street firms' pursuit of high-net-worth individuals. Most bank brokerages had pretty limited offerings: your basic line of annuities, life insurance and mutual funds. And...
Ever wonder what a rocky market does to a New York broker? Well, if you were at the city’s swanky uptown Equinox Gym last month, you might have seen one heave a fellow gym member (and bike) into a wall. Okay, so maybe it wasn’t the...
In January, Smith Barney brokers may be the first to cash in on overtime lawsuits that have been all the rage over the last two years. A Northern District of California judge approved the allocation of $98 million in settlement money, as well as...
Emails from generous Nigerian nobility seeking to share their enormous wealth with any and all Americans are regulars in most email inboxes. But from money managers?
In August, after 17 years with the firm, Ellyn McColgan stepped down as president of Fidelity Investments distribution and operations, which includes Fidelity Registered Investment Advisor Group (FRIAG), the RIA custodian arm of the mutual fund...
When Holly Hunter decided to leave the wirehouse she'd been with for five years, she knew the going would be tough. But she had no idea exactly how tough. Just planning her escape everything from choosing a broker/dealer to creating a budget took...
