Registered Rep.: Describe your practice in three words or less? Mark Orgel: Integrity, academic, discipline. RR: One piece of technology (or software) that's made your life easier? MO: WiFi has given me greater mobility to work at home and at the...
My brother-in-law changed the beneficiaries on all of his accounts from my sister to his children. I do not understand why, but I made all the changes as he requested because he is, after all, my client. Obviously, I have him as a client because...
On the evening of June 16, 2006, the New York Stock Exchange was the site of a party for WisdomTree Investments, an ETF maker that, on the following day, was set to issue 20 ETFs representing $200 million in assets. The 250 or so guests from Wall...
I have championed market-capitalization-weighted index fund investing even before such funds were made available to the general public. In the first edition of A Random Walk Down Wall Street in 1973, I indicated that whenever a strategy of...
If you've prospected for millionaire clients, you've probably sought out individuals with social status and the material trappings of wealth. Indeed, the nation's affluent are portrayed in the popular culture as an elite tribe of bluebloods...
UBS has bought a grand piano to grace the atrium of its Finsbury Avenue offices in London. The purchase is in response to employee demand for piano lessons. In addition to the atrium piano, which will also be used for monthly concerts by...
Name: Mitch Stein,David Beyer Firm: The Beyer Group, UBS Location: New York, NY AUM: $570 Million Client households: 300 Industry experience: 50-plus years combined Regardless of their wealth, many of David Beyer and Mitch Stein's clients would...
John Christopher Huck is not who he pretends to be, authorities say. A complaint filed against him by the Massachusetts Securities Division in June 2006 alleges that the insurance and annuities salesman fraudulently posed as an investment advisor...
In the war for brokerage desktop real estate, the ubiquitous Bloomberg machine has a new competitor: Salesforce.com. The firm, which rolled out a new wealth-management service in February, with its usual customer-relationship tracking features, as...
Some people are born complainers. Take John Bogle, founder of the giant Vanguard mutual fund family, for instance. In a recent op-ed piece written for The Wall Street Journal, Bogle grumbled that proliferation of exchange-traded funds (ETFs) could...
