Legg Mason announced today the renaming of a bulk of the Smith Barney funds as the Legg Mason Partners Funds in the wake of last year’s blockbuster deal. The move marks the first step in the product integration process under the Citigroup...
In what can be considered a coup of sorts for the firm, UBS hired a prominent black Smith Barney broker this past winter—while it was under fire from a lawsuit brought by former brokers alleging a pattern and practice of racial discrimination.
Lincoln Financial completed its $7.5 billion acquisition of Jefferson-Pilot on Monday, creating one of the largest life insurers in the U.S. The Philadelphia insurance broker/dealer paid $1.8 billion in cash, with rest of purchase price coming in...
For the first time in years, money market funds are looking like a good place for advisors to park client cash. With interest rates up to 4.75 percent—and with rates expected to continue upward—yields on money market funds are almost as high as...
Edward Jones has a unique approach, an 84 year tradition - and a host of challenges. Can Jim Weddle bring the company into the 21st century and preserve its core strengths?
At our last branch meeting, our manager took us all to the woodshed, complained Sal, a broker from Houston. It was over the complaints we were getting from clients about feeling rushed, being put on hold and getting transferred to the wrong person...
