I am a registered representative and work out of a credit union. The credit union has a Medallion Stamp Signature Guarantee. We try to follow the guidelines offered by Kemark Financial Services (which administers two of the three stamp signature...
Last year Americans spent all of their money, and then some, buying stuff: The U.S. personal savings rate fell to -1 percent, its lowest level in 73 years, according to a February report from the Commerce Department. That's down from a -0.4...
Morgan Stanley's retail brokerage is humming. Is it the magic of one man? One man can't take all the credit for a $5.5 billion-a-year revenue organization. But, James Gorman, who came over from Merrill Lynch to head the wealth-management division...
Last November, Michael Domingo and his partner, John Hetzel, launched their own advisory firm in Dallas with their eyes on an unusual prize: 20-somethings without a lot of assets. Domingo, 36, and Hetzel, 30, had both spent about five years with...
Phoenix: "I think it's time that we focus on growing the practice" stated Mark. "We do a great job for our clients, we have good policies and procedures, and last year we focused on upgrading and transitioning our clients to where we were truly...
YOU CAN BARELY MAKE OUT THE FACE of Chaskie Rosenberg in the photocopy of a newspaper advertisement in his court file. In the late 1990s, Metropolitan Life Insurance Co. placed the ad in Hamodia, an Orthodox Jewish weekly whose U.S. office is...
As the first quarter of 2007 draws to a close, it's a good time to revisit your business plan: those goals you established at the end of last year, the commitment you made to turn 2007 into Your Year of Greatness (as I urged you to do in my...
Plans for the NYSE/NASD regulatory consolidation are moving quickly toward a projected April 2 deadline. If approved by the SEC, the new single self-regulatory organization (SRO) would bring all broker/dealers under one regulatory umbrella...
The folks at Focus Financial are on a roll. The RIA holding company, which began operating just over a year ago, snatched up three more RIA firms in late January, bringing total acquisitions to nine and assets under management to $15 billion. The...
