Morgan Stanley at a Glance: Total client assets: $734 billion Number of advisors: 8,341 Average annualized revenue per advisor: $817,000 Pretax profit margin: 17% Mascot: Blue right triangle Best management move: Investments in work station Most...
At an auction in mid-November, a poster for the movie Bride of Frankenstein, starring Boris Karloff, fetched $334,600. That's right a movie poster. Granted it was and considered to be in condition, according to a report in The New York Times. By...
The puzzler page offers real-world puzzles and their solutions based on brainteasers that recruiters use in actual job interviews. Also featured is a puzzle contest, the solution to be published the next time we run a puzzler, in the February...
Wall Street's titans made a terrible mess with their bets on the sub-prime mortgage market, and now they're paying for it dearly. Most of the major U.S. banks and brokerage firms recorded massive write-downs of sub-prime and CDO (collateralized...
What are the chances that one of your funds will return 100 percent (or more) next year? Slim extremely slim. Funds rarely double in a 12-month period; and when they do, one wonders: To sell or not to sell? Well, recently, just such a rarity has...
RBC's job on that front is far from done. The bank is giving Dain a makeover, and making major investments in the firm. In March 2008, Dain Rauscher will merge with another of Royal Bank of Canada's U.S. offspring, New York-based RBC Capital...
They may not be ready for a market slow down, but many of Wall Street's big-shot firms are ready for, um, a flu pandemic. Late this summer, executives from firms like Morgan Stanley, Citigroup, Charles Schwab and Goldman Sachs met to discuss their...
State Street Global Advisors appointed Thomas Anderson as head of the Strategy and Research Group in its Intermediary Business Group. He will oversee eight research strategists who provide customized portfolio solutions to financial advisors...
Are you targeting the affluent? Are you interested in acquiring clients with larger pools of assets? Of course you are. Every financial advisor is aiming for larger client accounts these days, and in particular, they are trying to capture a piece...
We all know what a lousy third-quarter Merrill Lynch had it reported the worst loss in its 93-year history (a $2.3 billion net loss along with a staggering $8.4 billion in bond write-downs). As a result, CEO Stan O'Neal was forced into retirement...
