We’ve already heard about what a great year 2006 was for Wall Street, with securities industry firms ringing in some of the best revenues and profits in years. But fourth-quarter earnings reports are just now rolling in, and they’re...
Why did Citi's wealth management chief Todd Thomson abruptly decamp the firm “to pursue other interests” when he was often thought of as heir apparent to Citigroup’s Chuck Prince?
The securities industry won’t have dual self-regulatory organizations to complain about anymore. The NASD announced over the weekend that member firms “overwhelmingly approved” to consolidate the NASD and the NYSE into one.
Citigroup announced two key management changes today: Sallie Krawcheck, Citigroup’s CFO, returns to her role as CEO of global wealth management, and Todd Thomson, who currently holds the position, is leaving the company.
Phoenix: "I have never once--not once during my 12-year career--ever really committed to the performance targets I set in my annual business plan," confessed Nathan. "It's even more frustrating because I'm the advisor on the team that loves...
Flows to U.S. hedge funds are expected to slow this year as investors seek out greener pastures overseas, particularly emerging markets. According to the Deutsche Bank AG’s 2006 Alternative Investment Survey, domestic hedge funds are poised...
Schwab Institutional, the independent investment advisor arm of Charles Schwab, announced that it plans to offer start-up loans to registered reps who leave their firm to affiliate with Schwab’s independent network.
It's January. Everyone wants to become his "ideal self," you know, tackle all those bad habits and really kick it hard. So, as a service to our loyal readers, we asked several branch managers and compliance experts for advice to help other BOMs...
