Mario Lamar and Carlos Bonzon, a large wealth management team, recently left Morgan Stanley in Miami for Salomon Smith Barney's Park Avenue office in New York. The two had been employed at Morgan Stanley from 1999 to late October of 2002. Jamie...
During the 1990's bull market, many dismissed bonds as plodding investment vehicles that only produced single-digit returns. But when hotshot stocks sputtered, those pedestrian bonds pressed forward. Today, the value of a fixed-income allocation...
During trying times like these, many reps are looking to switch jobs. When pondering a move, no question occupies more time or discussion between brokers, hiring managers and (sometimes) recruiters than the following: What's in it for me? This...
In a downturn, some firms scramble to get out of the business. Case in point: The sale of CIBC Oppenheimer's retail brokerage and asset management business to New York-based Fahnestock Viner Holdings, for $257 million. Some industry executives...
Last year at this time, our reporters and editors scanned the horizon, looking for what lay ahead for our readers. After countless interviews with brokers, investment advisors, money managers, sales coaches, market researchers, consultants and...
The separately managed account revolution might well be sweeping the financial services industry transforming sales-junkie brokers into fee-based financial consultants with the knowledge to design and implement financial plans for a client over...
Opponents of Salomon Smith Barney’s CAP Plan, a deferred compensation plan which requires employees to contribute wages through payroll deductions to purchase restricted shares of company stock, have been shot down repeatedly in...
The Supreme Court has reaffirmed its stance that the arbitration forum is the proper venue for deciding brokerage cases. The high court recently ruled unanimously that an arbitration forum—not a court—will decide when a...
There is a new financial product in town and it just might be the ticket for customers looking to hedge some of those weak performers in their stock portfolios. On November 8 security futures began trading at OneChicago LLC, a joint venture of the...
