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When dealing with lawyers especially on matters as complex as securities law even the most controlling clients are tempted to go passive. The instinct is generally rooted in good intention: Stay out of the pro's way and let him work his magic. But...
Playing out of position is something that rarely works out long term it's true in sports and it's true for financial advisory teams. Pressing a baseball catcher into one-time duty at first base, or turning a quarterback into a receiver for a play...
Q: I joined a regional bank brokerage firm three years ago. When I hired on, I was asked to sign a nonsolicitation agreement. Eleven months later, at a cocktail party no less, I was asked to sign a revised version of the nonsolicitation, which...
Talk about paying to play. Three registered investment advisors were accused by the SEC of accepting cash payments from TD Waterhouse in return for putting client assets with Waterhouse. The SEC announced in late September that it had fined TD...
Your branch manager is a jerk. The broker/dealer is run by idiots. Worse, those morons just reprimanded you for unsatisfactory production and warned you to shape up or ship out. Okay, so you've reached the point in your career when you face the...
Regulators have been all over brokerages, investigating mutual fund breakpoints and, more recently, the probity of fee-based accounts. Now, add forgivable loans to the list. Although NASD officials say this is something they've been looking at for...
If you're a broker, chances are you introduce yourself to clients and prospects as a financial advisor or financial consultant. The Financial Planning Association and some consumer groups are in court in an effort to break you of that habit and...
To advisors who would ask, Do I need a personal coach? I respond, Michael Jordan had one, and Tiger Woods employs one. Even the best financial advisor can benefit from a coaching relationship, provided the relationship is approached with an open...
SALT LAKE CITY Brokerage firm executives aren't generally known for their glowing adoration for regulators and their proposals, but Dick Averitt of Raymond James Financial Services had some particularly harsh words for the NASD. At the firm's...
