A (Overall) “Our overall image needs improvement, we need more upscale advertising and better promotion. The firm really doesn’t emphasize its products and services enough.” B (Training) “It's terrific. I’ve been to...
A (Hiring/recruiting) “It’s about average for the street. I don’t really get into that.” (Training) “There’s quite a bit of room for improvement.” (Overall) “The strength of this firm is in [its]...
Unlike former SEC Chairman Arthur Levitt, new SEC chief Harvey Pitt isn’t opposed to sign-on bonuses for retail brokers. In a press conference at the SIA’s annual gathering in Boca Raton, Fla. Friday morning, Pitt told RR that he...
The Securities Industry Association’s annual bash is going on as planned, although the agenda was altered after Sept. 11. To no one’s surprise, the mood at the Boca Raton, Fla., convention is a bit more somber than in years past, with...
Red Book Online places a wealth of information at your fingertips. With a few clicks of your mouse you can connect with a wide range of career resources specifically for financial services professionals. You'll find dozens of categories and...
Merrill Lynch distributed its new compensation package to its retail sales force Oct. 29. Brokers serving $100,000-plus households and converting clients over to asset-based pricing accounts will be rewarded. Merrill jacked up its payout on fee...
Before reading Values-Based Financial Planning, Raymond James rep Keith Cline could never even think about taking more than a week's vacation every July. Since reading Bill Bachrach's book, Cline has taken off the entire month of July for the past...
Americans continue to overload their 401(k) accounts with company stock. Inside companies like Procter & Gamble, the concentration climbs to dangerous levels of 90% and higher, according to the Institute of Management and Administration in New...
The integration of First Union Securities (FUS) and IJL Wachovia is proceeding on schedule, but executives aren't sure what they'll call the new brokerage company. In April, officials said the combined brokerage division would be named Wachovia...
Even with new, higher contribution limits on IRAs and 401(k)s, most brokers remain skeptical that such plans are adequate retirement savings vehicles. It's still a joke, says a New York-based UBS PaineWebber rep. It's not even close as far as...
