Matt Johnston, director of business practice management at Salomon Smith Barney, said at the Institute for Certified Investment Management Consultants Conference in New York June 7 that “over the next three to five years, 70% to 80% of...
After months of design and programming and more than a year of planning, a completely new, state-of-the-art CBOE.com made its debut in June, bringing a wealth of valuable options investment information to you and your clients’ fingertips 24...
Although retail investor complaints about account transfer problems outnumber any other gripe, two wirehouse executives insist transfer tie-ups are no big deal. They are just part of doing business, they say. Stan O’Neal, president of...
The year 2000 did not bring positive results in the pension assets versus liabilities equation--and 2001 may be even worse, according to Sean McShea of Ryan Labs, a financial services research company based in New York. According to the company...
Editor’s Note: Story update June 20. Adds Salomon Smith Barney comment and details on state certification. Four separate class-action lawsuits have been certified against Salomon Smith Barney, challenging the firm’s Capital...
At Goldman Sachs financial services conference last month, Merrill Lynch CEO David Komansky reiterated the firm’s retail strategy and quashed rumors of a merger with HBSC Holdings. “Segmentation is the key to accumulating market share...
When former Merrill executive Joseph Moglia was named as the new CEO of Ameritrade in March, he was given a “best wishes” send-off within Merrill’s e-mail and broadcast systems. But Moglia apparently left Merrill without another...
Here we go again … another name change is in the works at Salomon Smith Barney. The retail unit will no longer use “Salomon” in the name. It will be known as Smith Barney at the start of the first quarter of 2002, according to a...
Clients want to know if they should make changes. Only a few probably need to, but all of them need your help in reaffirming their long-term plans. Many reps are finding market turmoil is useful in reaffirming long-term strategies, as well as...
SEC chairman nominee Harvey Pitt faces severe conflicts of interest, according to legal experts. In his 20-plus years in private legal practice, Pitt has represented Merrill Lynch, the NYSE and all of the big five accounting firms the SEC...
