If you didn't already know the New York Stock Exchange was waist-deep in turmoil, Dan Webb's presence there would be a good indication of something amiss. Like many a troubled institution before it, NYSE has hired Webb, one of the nation's most...
Recruiters who have spoken with Bank of America's management say the firm is gearing up for more hires and an expansion of its brokerage unit once the bank combines operations with FleetBoston. B of A recently announced it would acquire the Boston...
For those of you still looking for that stock with the potential to double in a short amount of time, I say this: Please re-set your internal calendar. It must be stuck on 1999. For those with a more sensible appetite for risk and return, I have...
SMOKING GRASSO The board is very pleased that Dick Grasso will remain chairman and CEO at least through May 2007. H. Carl McCall, chairman of the NYSE Human Resources and Compensation Committee, just two weeks before Grasso resigned after intense...
Sen. Peter Fitzgerald, a first-term Republican from Illinois, chairs the only Senate committee investigating mutual fund trading abuses the Governmental Affairs Subcommittee on Financial Management, the Budget and International Security. As such...
Edward D. Jones notches out A.G. Edwards for the No. 1 spot [on the Brokerage Report Card Survey] this year. Jones claims the tops spot with a 9.30 rating, edging out Edwards' overall score of 9.10. Registered Representative, December 1993. The...
The team-based approach has been all the rage lately among brokerage firms, especially as the larger ones focus more deliberately on wealth management and advanced planning that often requires the expertise of several people, rather than one...
The body count is growing. Recently, the founders of Pilgrim Baxter & Associates (who ran the PBHG family of funds) were sacked for some pretty sleazy trading of their own mutual funds. Taken together with the departure of Richard Strong (of...
The questions above warrant immediate consideration because there is a very strong likelihood that new Federal legislation is going to be passed that will encourage retirement plan sponsors and their participants to seek the services of investment...
The term proven commodity is deadon accurate when it comes to investments: Time after time, commodities have proved resilient in downturns. For instance, natural resources funds stayed in the black while the S&P 500 lost more than 10 percent...
