Collectibles -- say, a mint condition Joe DiMaggio rookie card or a 1956 "bathtub" Porsche speedster -- have always been popular with the wealthy. But never more so than now, according to the annual "World Wealth Report," conducted by Merrill...
Peter Wuffli was replaced as CEO of UBS last week after the firm realized millions of dollars in losses in an internal hedge fund, according to published reports. Marcel Roehner, who was previously deputy CEO and head of global wealth management...
In 2006, the average CEO of an S&P 500 company received $14.8 million in total compensation, according to the Corporate Library. That's a 9.4 percent increase from 2005. Those sound like some pretty big numbers especially to the Democratic...
Wachovia Securities' takeover of 120-year-old A.G. Edwards is a big deal a surprising deal, even. But not just because with 14,784 FAs and $1.147 trillion in client assets it creates the third-largest brokerage after Merrill Lynch and Smith Barney...
Of the many tasks you manage, the toughest to master may be your face-to-face interactions with clients. The highlight of the day for some advisors, it is the most confusing and opaque of jobs for many others. Either way, poor client communication...
Remember when Chevy Chase used to wrap up the Weekend Update faux-news segment of Saturday Night Live with the line, I'm Chevy Chase and you're not? David Swensen, the manager of the Yale University endowment, has posted such consistently strong...
What does integrity have to do with superior portfolio performance? A lot, say researchers in a study released in May, which found that advisors who demonstrate high levels of moral and emotional competency outperformed the S&P 500 by 73 percent...
Registered Rep.: Best business move? Matthew MacMichael: Buying the company I worked for. It put me in the driver's seat to make sensible decisions for our corporate future. RR: The longest day you ever worked? MM: September 11th. I got in early...
Even smart investors make foolish choices. In their search for hot returns, mutual fund shareholders often buy near the market peak. Then after experiencing big losses, the same shareholders sell near the trough. One of the most notable examples...