Registered Rep. sat down with Mike Coffey to discuss 130/30 mutual funds, Mainstay's latest offering for advisors and an emerging trend among asset managers. The portfolio goes 100 percent long, and 30 percent short. The proceeds from the short...
Michael McNamara, McNamara Financial Services Firm: Commonwealth Financial Network City: Marshfield, Mass. Established: 1987 AUM: $306 million Number of Clients: 500 Education: Tufts, Boston College After graduating from college, putting in three...
Lincoln Financial Group's chairman and CEO, Jon A. Boscia, has announced his retirement from the company effective Sept. 1, 2007. The company's board of directors has elected J. Patrick Barrett chairman of the board, and named current president...
Recently, I stepped in to help a relative choose a financial advisor. This relative is in his early 70s, and recently retired. He's not super rich, but having sold off a medical business, let's just say he retired with a few. A resident of a small...
Don't panic yet, but in case you haven't heard, the SEC is taking a hard look at a major source of pay for reps: 12b-1 fees. Sure, the subject of 12b-1 reform has been bandied about for more than a decade. But SEC director of investment management...
Stephan Cassaday, Cassaday & Company Firm: Royal Alliance City: McLean, VA Established: 1993 AUM: $263 million Number of Clients: 265 Education: Radford University One week before his departure from Prudential in 1993, Stephan Cassaday's branch...
Trudy Haussmann, Haussmann Financial Inc. Firm: Securities America City: Newport Beach, Calif. Established: 1990 AUM: $465 million Number of Clients: 1,500 Education: UCLA Trudy Haussmann got no respect during her first year as an independent...
For top-producing wirehouse advisors in mid-sized cities (say Baltimore, Maryland or Salt Lake City, Utah), the career-change opportunities can sometimes seem limited. But a growing number of these advisors are taking a new route: creating...
The applause was loud and lasting in a ballroom packed with over 250 senior financial advisors who were being treated to a preview of their firm's new television advertising campaign. Giving credit where credit is due, the ads were very well done...
Stanley Brooks was living the dream. With a $16,000 investment in 1990, Brooks built Brookstreet Securities of Irvine, Calif., into a $150 million revenue firm placing it among the top 25 independent broker/dealers. By 2007, the firm had amassed ...
