When markets turn down, the hated short sellers appear. The volume of short sales bets that stocks will drop spiked after technology shares began collapsing in 2000. Not surprisingly, short volume has climbed again in recent months. But in the...
Sometimes the weight of world comes crashing down around your shoulders. I suspect that's how registered representative Jason N. Slezak, his assistant branch office manager (X), and his compliance manager (Y) felt when the New York Stock Exchange...
Strippers, Guns N' Money: The SEC filed a civil action recently against five unregistered Florida brokers who were operating a pump-and-dump scheme out of the offices of SCL Ventures. The complaint alleges that from January 2004 to May 2004, the...
Top advisors know that there is an uneasy balance between helping their clients and protecting themselves. The reality is that providing a high level of personal service and advice to other people is very difficult and demanding. My father, a...
There's no such thing as an easy route to independence. But there are some things reps can do to ease the transition. Consultants say the most critical time for an RIA startup is likely about three to six months prior to its launch. The actions...
There are some topics in this business that seem to pop up again and again. This month's cover story addresses one of them: The difference between registered reps (Series 7 holders) and investment advisor reps (Series 65 holders). The investing...
It seemed like a guaranteed homerun. Eight years ago, Janet Stanzak joined forces with a nearby accounting firm in Minneapolis to launch and run a new wealth-management arm. The firm's eight partners referred clients to the new division, and all...
Firm City Phone Website Total AUM (millions) Total Accounts Number of investment advisors Number of clients 1 Veritable LP Newtown Square, PA 610-640-9551 www.veritablelp.com $8,442 1,558 11-50 500 2 Oxford Financial Group, Ltd Carmel, IN 317-843...
With the appetite for quality financial advisors richer today than it has ever been, it is definitely a buyer's market for you guys. So you better know what you're looking for in a brokerage house, and how to find out if a particular firm has got...
Times are tight for small-business owners. Not immune to the sub-prime mortgage collapse, many are finding their best sources of capital home equity financing and credit card debt have dried up. Most recently, small-business financial allies like...
