Among the many economic stimulus provisions in the American Reinvestment and Renewal Act of 2009 is a short-term program to expand financing alternatives for state and local governments. The legislation creates a new category of taxable municipal...
A story in the Financial Times teasingly suggests UBS US Wealth Management is in for a big change at the top. Marten Hoekstra, CEO of the US unit, may be ousted or get a wingman, it says.
Back in the Great Buying Panic of the late 1990s, I once asked a financial advisor what his biggest problem was. His response: “Managing client expectations.” This question was posed in the summer of 1999, the year the Nasdaq Composite...
RBC Wealth Management hired William Thompson as a senior vice president and branch director for its Casper, Wyoming office. Thompson joins RBC Wealth Management from UBS. Former AIG Advisor Group executive, Stuart Rogers, has joined Bennett Group...
After last year's market slump, clients need more attention than ever, but not all clients are worth it. Today, many advisors are reevaluating their books of business and letting go of “C” clients for the first time.
CITY: Redmond, WA ESTABLISHED: 1989 AUM: $1.5 billion NUMBER OF CLIENTS: 125 NUMBER OF PARTNERS: 2 NUMBER OF STAFF: 2 full time, 4 part time Registered Rep.: How do you define your investment philosophy? Dennis Gibb: I am a constitutional value...
In the current environment, many advisors are not the producers they once were. And that will have an effect on the kinds of career moves they decide to make.
