Talk has run rampant lately of an exodus of advisors from Wall Street firms to independent b/ds, regional brokerage firms and RIAs. After all, the big national brands have been damaged by the mortgage meltdown, the takeovers and government...
As we addressed in our story Comfort Zone, on page 9, despite all of the talk about breakaway brokers leaving Wall Street and choosing independence, the majority of wirehouse advisors are not going for it. According to Discovery Database, more...
What is one glaring fact staring us in the face right now? The financial advisory market is in the biggest state of flux in decades. That has caused many advisors to leave the industry, change firms or become consolidated into other organizations...
In times like this, who isn't worried about the financial stability of their place of work? Long before their clients hit the panic button, financial advisors need to be analyzing whether their clients' employers are likely to file for bankruptcy...
You have two candles. Each candle takes 60 minutes to burn completely. There's one complication: the candles are not uniform and cannot be assumed to burn evenly. Using these two candles and nothing else, how would you time exactly 45 minutes...
Almost two years after their firm imploded, 16 brokers from Brookstreet Securities may have come to justice. The SEC today charged 10 brokers from the now defunct firm with fraud for marketing risky mortgage-backed derivatives as conservative...
A survey released yesterday of the nation’s wealthiest individuals reveals that wealth management’s biggest, most powerful brands—including UBS, Wachovia, Bank of America and Goldman Sachs—have lost a lot of credibility...
The feds may soon try to turn wealth advisors into snitches. But first the IRS is offering a deal if taxpayers come clean before Sept. 23, 2009. The world’s financial system is getting tied more tightly together — making it far more...
