Is a 61 percent decrease in profits from one year to the next a reversion to the mean or an ominous sign of cloudy skies ahead? This is a question the soggy middle of 2004 has raised for some reps. Profits for brokerage firms dropped 61.2 percent...
The NASD will be increasing its use of unsolicited phone calls to clients within the course of investigations into broker/dealer activities, an official from the agency said at a conference Tuesday.
Is a 61 percent decrease in profits from one year to the next a “reversion to the mean” or an ominous sign of cloudy skies ahead? It depends on whom you’re talking to.
If you are like most registered reps, your card probably says you are a financial advisor—and not a stockbroker. Indeed, whether you work at a large Wall Street brokerage or a small broker/dealer, the odds are you are holding yourself out as...
There's an old saw in business that says the success of a company depends not on size but on filling a void in the marketplace. A small 24-hour convenience store can't compete with Safeway or K-Mart, but then Safeway and K-mart can't compete with...
In March 2000, at roughly the peak of the stock market boom, the folks at American Express Financial Advisors felt expansive. The Minneapolis-based subsidiary of American Express announced it wanted to nearly double its advisor ranks to 20,000...
For a variety of reasons, many casual investors imagine that, with a modicum of effort, they can ride wheel-to-wheel with the Lance Armstrongs of investing (a delusion, it must be said, that is actively encouraged by much of the financial press)...