In 1984, Julian Mayo was a trainee at Schroders, an investment bank, when he was sent to investigate a little-known automaker in a town called Ulsan on the southeast coast of Korea. The Asian nation was still under dictatorship, which meant army...
Q: Many firms use third-party investment research to cover companies their own analysts don't or to supply a second opinion. As part of these arrangements, the firms often enter into contractual agreements with unregistered third parties. The...
Roland Pritchett, one of Morgan Stanley's top producers out of its Atlanta branch, has moved to UBS across town. Pritchett, who had been working for Morgan's private wealth group, is a $2.5 million producer with assets under management topping ...
In 1970, Legg & Co., a venerable brokerage firm based in Baltimore, made a momentous strategic decision. It merged with an eight-year-old local upstart, Mason & Co. and made Raymond Mason its CEO. Under Mason's leadership, the firm grew from a...
Hope springs eternal, eternally, it seems. So what if the dollar fell, oil soared and job growth stalled as 2005 started. Investors still expected double-digit market returns. According to the SIA's annual investor survey, the median annual...
Tom, a financial planner for Schwab Institutional's unit, had a client named Walter. He had worked with Walter for almost 10 years, knew his family and, now and again, played golf with him. Tom had watched as Walter, a small business owner...
Looking for a good fund that won't nickel and dime clients? Russ Kinnel, a mutual fund analyst at Morningstar, recently ranked the five-year, asset-weighted relative performance of prominent fund families, adjusted for loads. He admits that it's a...
Wharton professor Jeremy Siegel is singing a new tune sort of. Siegel rose to prominence on the back of his book, Stocks for the Long Run (McGraw-Hill, 2002), which asserted that because stocks outdo bonds over long periods, investors should buy...
Financial advisors at Smith Barney were surprised to learn that a high-profile fashion model was in their midst surprised and a little confused. The New York Post reported in February that Eve Salvail, the French-Canadian model known for the...
When the SEC ruled in April to re-propose the so-called Merrill Exemption, permitting Series 7 licensees to continue to call themselves financial advisors, thousands of reps and their firms heaved a sigh of relief. Technically, a Series 7 license...
