Advisors have a new weapon in their fee-boosting arsenal: Individual 401(k) plans. Thanks to a little-known provision of tax legislation passed in June, self-employed individuals can not only create 401(k) accounts for the first time, but they can...
Remember the Minotaur of Greek mythology? The competition for retail investors is spawning a similar hybrid on Wall Street, as Merrill Lynch, the retail giant, and Charles Schwab, the onetime discount pioneer, move onto each other's turf. In...
Education funding, the subject of Registered Rep.'s cover story this month, is only one reason to put aside funds for a child. Funds put into a minor's account of the proper type can be used not just for education, but for support of the child...
The year 1974 would have to rank up there as one of the least auspicious years to start a money management firm. After all, the U.S. economy discovered a new phenomenon stagflation and the stock market reflected that unhealthy economic condition...
Fee-based business at retail brokerage firms is booming. The percentage of retail brokerage firms moving from per-trade commissions into new fee-based arrangements has almost doubled in the past two years, going from 28.7% in 1999 to 50.2% today...
Saying that the anthrax scare has caused an increase in bio-hazard-type “investment scams,” the SEC secretly launched a Web site designed to warn investors about stock market scams. The Website, www.mcwhortle.com, hawking a handheld...
Edward Jones finished No. 1 in Fortune magazine's annual list of the 100 Best Companies to Work for in America. This is Jones’ fourth appearance on Fortune’s list, but its first No. 1 ranking. Fortune’s Feb. 4 issue says 97...
With the SEC knee-deep in investigations and proposed rule changes, Chairman Harvey Pitt needed additional ammunition to handle the workload. So President Bush helped out by filling two of the four empty SEC commissioner seats with nominees Isaac...
The SEC and NASD are investigating Merrill Lynch, Morgan Stanley, Salomon Smith Barney, Prudential Securities and UBS PaineWebber for their alleged involvement in IPO underwriting scandals, an attorney involved in the case confirmed to Registered...
