The number of advisors switching firms dropped 23 percent in May versus April, according to Discovery Database. The research firm’s data show that 1,506 reps changed b/ds in May, compared with 1,961 in April.
This weekend Barron’s published its list of top financial advisors who happen to be female. We also publish “top 100 financial advisors” lists, but we don’t sort by sex. Should we sort by sex or ethnicity?
Dallas: "I know exactly what business I want to be in," said Bill, "but I'm not certain that I have the experts in my practice to handle all my affluent clients' needs."
According to a story posted yesterday on Clusterstock.com, a financial blog run by Henry Blodget and John Carney, founding editor of Dealbreaker.com, Dan Sontag, head of Merrill Lynch’s global wealth and investment management unit, is about...
When the auction rate securities market froze up in February 2008, angry clients blamed their financial advisors; financial advisors blamed their firms. Today, the SEC announced finalized settlements with Bank of America, RBC Capital Markets and...
Broker/dealers, custodians and clearing firms are far behind in their preparations for new cost-basis reporting rules that will take effect between January 1, 2011 and January 1, 2013, analysts and tax experts say. Sure, that first deadline is...
Welcome Morgan Stanley Smith Barney. Boy, that is a mouth full. Today, the deal merging Citi’s brokerage (Smith Barney) with Morgan Stanley’s Global Wealth Management Group is closed—ahead of schedule. (It was set to close in the...
Today there is a fairly common story heard along the boulevard of broken Wall Street dreams. It goes something like this. In late 2007, a 65-year-old wirehouse broker happily trotted into his office crowing about his plans to retire in 2008. This...
