Most of the time when you acquire or buy a business, you place your bets and take your chances (caveat emptor, as they say). But that's not the way it works on Wall Street. If you're not careful about what you buy, you could wind up with the...

Ryan Jacob, the dot-com portfolio manager notorious for having lost 90 percent of client assets during the market collapse in 2000, has come full circle. The determined fund skipper, who is now buying value stocks, is back with a vengeance as...

Broker/Dealer management loves separately managed accounts. Individual financial advisors love separately managed accounts. By using outside asset managers to pick stocks, the theory goes, b/ds and their reps are able to concentrate on gathering...

That's Why They Call It Prison, Frank Frank Gruttadauria was sent back to prison in August after he apparently went for a walk right out the front door of the facility where he's serving a seven-year sentence for stealing $115 million from clients...

With a little over one month before its maiden Board of Governors election, the new industry self-regulator FINRA faces its boldest challenge yet not only to its own nominees for the board, but also to its own integrity. The Financial Industry...

When a Portand, ORE.-based independent rep. recently took detailed client information with her to her new broker/dealer, she had no idea that she was breaking the law. With her current b/d on the verge of being bought out by a much larger firm...

Q: On a periodic basis, I prepare appraisals of my clients' accounts. Some of my clients have expressed interest in continuing to receive these appraisals, others have told me that they don't review them, and a few have told me that they would...

Blame Frank Gruttadauria. A little over one year after NASD's new supervisory control rules (3012 and 3013) took effect, broker/dealers are tightening the screws on the way they supervise their brokers and advisors. Some firms have implemented...

Despite mounting sub-prime mortgage woes, hedge funds are doing better than ever. In fact, the second quarter of 2007 saw hedge funds accumulate net new assets of $59 billion, making it the industry's second best quarter on record after first...

Is your practice retirement-ready? As you may have heard, in the coming years nearly 80 million Americans will bid farewell to their careers. In so doing, they will end the wealth accumulation phase of their financial lives, and begin the wealth...