Is it time to get your clients back into telecom? If the very word still gives you the jitters, that's understandable. No sector has caused so much pain to so many investors. Some $2 trillion in market capitalization has been lost over the last...
Prudential brokers have a new tool for selecting equity portfolios-based on a program created for various computer investment profiles. The program, called Fundamental Choice, provides reps with a basket of 35 to 40 stocks they can buy according...
It doesn't take a domestic diva like Martha Stewart to clean up a portfolio that's infested with stocks of self-dealing CEOs. If you want to know who's the next Sam Waksal Martha's pal and former Imclone Systems CEO accused of selling ahead of bad...
Raymond James Financial was ordered by an NYSE arbitration panel to pay Wachovia Securities $6.6 million for improperly recruiting two brokers and a branch manager. Raymond James is considering appealing the decision, according to a company...
Despite the bear market, recruiters say a number of firms haven't stopped hiring established brokers, and in fact, recruiting has picked up at several big wirehouses, including Merrill Lynch, UBS PaineWebber and Salomon Smith Barney. PaineWebber...
These days, it sometimes seems like a chore just to roll out of bed and into work. The market's down, the boss is a pain and the mere thought of cold calling makes you sweat. Maybe a change a new firm with new colleagues would jolt you back into...
History is an ever-present theme at Merrill Lynch's flagship private client office in New York's World Financial Center. Photos of former branch heads line the 40th story hallway many have gone on to more prestigious positions within the Merrill...
Traditional separate account programs can come with a variety of frustrations. Advisors must scan through a menu of dozens of managers, trying to pick a few that will complement each other and, together, achieve the client's goal. Even with...
It’s official: 2001 stunk, with average total earnings plummeting by 17.7 percent in 2001 compared to 2000. But, on the bright side, more reps are switching to the much-extolled fee-based business model, according to a new Securities...
