New York Attorney General and Governor-elect Eliot Spitzer, is asking a Northern California court to disapprove the settlement terms of an overtime suit against UBS.
Merrill Lynch has launched a new benefit program for its army of 15,700 brokers that will provide financial assistance to their families in the event of their death. The added death benefits include a lump-sum payment based on a flat 36 percent of...
Getting your clients a piece of global M&A action—2006 has seen a near-record $3.6 trillion in deal activity—doesn’t have to involve ponying up massive minimums (and fees) for shares of a private equity fund or fund of funds...
Branch managers are busier than they ever have been. Sure, compliance issues have grown. (Outside of the firearm industry, can you think of a more regulated business?) But it's not just the increased compliance burden brought on by the popping of...
With 2006 drawing to a close, it’s time to look under the hood of your practice to analyze what you are doing right and what you are doing wrong. The goal is to figure out how to run your firm more efficiently and profitably. And, sometimes...
The New York Attorney General’s Office announced today that it is suing UBS Financial Services for allegedly defrauding thousands of customers through its InsightOne fee-based brokerage program.
This week, Smith Barney will become the first firm to make a change to its payout grid as a result of the securities industry’s recent battle over broker overtime pay and so-called chargebacks (when the firm charges the reps for things like...
The private annuity was just stripped of it's most alluring benefit—capital-gains tax deferral. Long favored by the wealthy because it allowed them to avoid huge capital-gains taxes on appreciated real estate (or any other appreciated asset...
