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Q: I'm 54 years old and, 19 years ago, was the first woman hired by my firm, which settled a sexual discrimination complaint filed by women employees last year for $54 million. I've got a couple of questions relating to my termination at the firm...
A member of the New York Stock Exchange was arrested in late August for allegedly issuing a death threat to another seat holder who sued to block the Big Board's takeover of Archipelago Holdings. Edward Reiss, 65, a floor broker since 1973...
The retail brokerage model in the U.S. is flawed. Why? Because advisors get too much of the revenue pie. That's the conclusion of a report published recently by Morgan Stanley, titled U.S. Retail Brokerage: Flawed but Improving. The report argues...
Years ago, most investors assessed the merits of companies by analyzing balance sheets, P&L and cash-flow statements. Investors who analyzed corporate boardrooms and ranked them for their shareholder friendly policies were a small (and sometimes...
It is an article of faith in recruiting circles that wirehouses are practiced in the art of brainwashing. The target of their mind control is advisors. The message: the firms' reputation is the central factor in any success the advisor might...
Eric Hernandez, a financial advisor at UBS Securities, one day realized that he just couldn't make another cold call. For Hernandez, who had been with UBS for five years, and with Prudential Securities four years before that, the life of a...
In this month's column, we explore succession planning, a key service that wealth advisors can and should provide for clients whose fortunes are tied up in closely held businesses. We give you the hypothetical case of Charlie and Sally, a couple...
It's one of those stories that makes an advisor realize: That could have been me. In September 1999, Customer X and her husband transferred their son's custodial account, a joint account and two retirement accounts to Advest. In August 2002, after...
It sounds nice: Making money by investing in companies guided by enlightened executives. But do companies that play nicely really outperform those companies who are controlled by selfish and greedy executives? The Corporate Library chief analyst...
According to studies by McKinsey & Co., institutional investors are willing to pay a 12 percent to 14 percent premium for well-governed companies in North America and Western Europe. At Registered Rep.'s request The Corporate Library (TCL) has...
