Is it just us, or are the regulators always one step behind? In its latest effort to prove its effectiveness, the SEC says it wants to reevaluate the rules governing credit-rating agencies. You know, those same agencies that assigned stellar...
Washington, D.C.: "We've got systems and procedures down to a science," said Marty, "but something is missing in our client relationships. We've recently lost four clients who I thought we were providing with a high level of service," he said...
The SEC’s civil fraud charges against R. Allen Stanford are having nasty repercussions for Stanford Financial Group financial advisors and clients not implicated in any wrongdoing. The SEC has frozen client accounts of Stanford Financial...
Any advisor who has worked for a wirehouse is familiar with the “penalty box.” The penalty box refers to a painful double whammy: A precipitous drop in production that knocks an FA down the payout grid. It’s a fact of life at...
Clients increasingly are opting for one the more intimate forms of recycling. If you think your client might be interested, suggest it as an option when drafting their advance directives.
The ax began to fall at Bank of America/Merrill Tuesday morning, according to Dealbreaker. The layoffs weren’t expected to begin until tomorrow. Some claim that every business group will be hit. If you find yourself, suddenly, office-less...
The market skidded into a ditch this morning, with the Dow Jones Industrial Average opening below 7,000 following a global selloff overnight in Japan and Europe. Mid-morning it continued to slide, down around 3 percent, or 220 points, to 6858. It...
American Portfolios Financial Services Inc. named Tom M. Wirtshafter president of the company. He succeeds Frank A. Tauches who will remain with the broker-dealer as executive vice president and chief legal counsel. Fidelity Capital Markets...