Some 2,700 female Morgan Stanley advisors and trainees (oh, and their lawyers) just got $46 million richer. A federal judge approved settlement of the class action lawsuit six months after the women settled with the firm.
As the job of branch managers grows increasingly complex, brokerage firms are grappling with questions about how their managers should be compensated. At many firms, branch managers are no longer compensated on a commission basis, based on branch...
The first of this month marked the four-year anniversary of the publication of the Goldman Sachs report that popularized BRIC, the acronym for emerging markets Brazil, Russia, India and China. That report, entitled ``Dreaming With BRICs: The Path...
The industry is changing—and you’d better be prepared to change with it. That was Bob McCann’s message to attendees of SIFMA’s 30th annual Sales and Marketing conference in New York City this morning.
The financial advisory business has run into a major talent crunch. There just aren’t enough good people to fill the seats available, according to Moss Adams’ 2007 annual report on compensation and staffing in the advisory industry.
After speaking with scores and scores of licensed sales assistants, and the advisors they support in the wirehouse, independent and RIA channels, Registered Rep. has a pretty good idea of what would happen to advisors if their sales assistants...
In August, I wrote about a relative's rather negative experience in finding a financial advisor (see The Art Of The Deal, Registered Rep., August 2007). This relative, recently retired from the medical field, was disillusioned with the business...
For years, investors have been waiting for a revival of growth funds. The moment may have arrived. During the first seven months of 2007, large-cap growth funds outdid large-cap value by more than 3 percentage points. But growth funds can be...
In its fall 2005 debut on the New York Stock Exchange as an independent company, Wall Street had little enthusiasm for Ameriprise Financial. Its shares were greeted with a yawn, sliding more than 2 percent after the completion of the spin-off out...