Women with more testosterone tend to be less risk averse when taking financial risks, according to a University of Chicago study of more than 500 MBA male and female students. Asked to choose between a guaranteed monetary award or a risky lottery...
Mark Thierman is at it again. We always thought he was a clever labor lawyer when we first spoke to him back in the spring of 2006, when we got word that he had dusted off some old Depression-era law to force brokerages to pay their reps overtime...
Joseph Grano, Vietnam War Veteran, former Green Beret Special Forces officer and former CEO of UBS PaineWebber, is the consummate optimist. When his doctors told him that the injuries he sustained in Vietnam meant he would need braces on both legs...
The global financial crisis has changed the game for wealth managers, as clients battered by bad news shifted their assets to less volatile, low-margin investments, weakening performance, and cutting into asset-based fees, according to a report by...
If you are hungry for success, you are always asking yourself the question: What are the top advisors doing? With the market in disarray, and affluent investor confidence in the financial services industry dashed, this question has become even...
Perhaps the single most common lament I hear from my stockbroker clients is They can't do that to mecan they? And more often than not, my reply is They can, they will, and they have. In that spirit, let me present you with some recent Financial...
Plenty of investors have been unhappy about their municipal bond funds of late. During 2008, the average municipal bond mutual fund lost 7.7 percent, according to Morningstar. Then the funds recovered, gaining 12.0 percent during the first eight...
Mike Curran, retired founder and CEO of Executive Benefit Services, joined Captrust Financial Advisors as vice president of Nonqualified Deferred Compensation services. Tim Kochis, CEO of Aspiriant, an RIA that was formed in 2008 by the merger of...
Anecdotal evidence shows that clients are usually more loyal to their advisors than they are to their firms. But why risk it? If you are switching firms, it's much better to assure them that any fears they might have are unfounded and explain to...
Many SAs are like mini advisors. Their advisors not only trust them to take initiative without supervision, but they are also involved in setting goals and strategies for the FA's business. Sometimes they even provide advice to clients. Primary...
