Financial services looks like a great career right about now. While employees in other industries suffered from layoffs and pay cuts last year, RR compensation hit a record high. RR, Sept. 1993
Wachovia Securities announced two hirings from Smith Barney. Chuck Friedlander and Roger Hall joined Wachovia in August as financial advisors. Friedlander has worked as a rep for 18 years, Hall for 11. At Smith Barney, the duo ran the Friedlander...
While Smith Barney now considers the WorldCom option-account problems at its Atlanta branch closed, two former brokers are still waging their legal battle.
The Joint NASD/industry task force released its study on breakpoints last month, confirming that millions are owed to clients by firms for not applying discounts on breakpoints. The NASD is now making sure the firms know exactly how to rectify the...
Separately managed accounts can be confusing, but the paperwork and operations behind them need not be—or at least that’s the thrust of a new effort by Smith Barney Consulting Group. Smith Barney is in the midst of rolling out its new...
The Certified Investment Management Associate degree, or CIMA, is an exclusive certification, and some brokers with the similar CIMC designation are finding that out the hard way. The Investment Management Consultants Association, which...
The Federal Trade Commission has set a price for its vaunted "Do-Not-Call" list--a list of numbers signed up to avoid sales calls from telemarketers and uninvited reps--and it's a steep one: More than $7,000. The list, which will be enacted on...
Class B shares fell out of favor with fund investors two years ago, and they raise some suitability issues that may make brokers wary. Yet, to some, Class Bs remain a good option for small investors.
