Wouldn't you like to peek over your client's shoulder and watch how he manages his finances and investments online? Now you can. In April, Registered Representative conducted a national telephone survey of 200 clients to see what they are up to on...
On Tuesday, the NASD released for comment a proposed rule interpretation designed to prevent clients from getting caught in the middle of industry employment disputes. The notice to members explains that in granting temporary restraining orders...
American Century Investments has expanded its offerings to financial intermediaries by rolling out C shares. C shares are expected to be launched June 1, and will be available for 23 of American Century's funds via brokers at American Express...
First Union CEO Ken Thompson says he’s sick and tired of hearing about all the problems his firm has faced with prior acquisitions and integrations, and he’s not going to take it any more. In a presentation to analysts at the...
The new chairman and CEO of A.G. Edwards says an acquisition might be in the cards. “I want to make acquisitions if I find [targets] that are culturally acceptable to our current model,” Robert Bagby told RR Online Exclusives in a...
UBS PaineWebber conducted a survey with the Gallup Organization that showed consumer confidence in the economy hit a four-year low in April. Souring business conditions and general job insecurity are to blame for the pessimistic outlook, according...
Less than a month after First Union Securities proposed a merger with Wachovia Corp., SunTrust Banks stepped into the picture today, making a bid to buy Wachovia. According to SunTrust, its offer of $14.7 billion represents a 17% premium to the...
The state of online trading was quite evident to wirehouse brokers at the Los Angeles Times Investment Strategies Conference, which was held Saturday and Sunday at the Los Angeles Convention Center. Merrill Lynch, Morgan Stanley, UBS PaineWebber...
Jeff Peek, president of Merrill Lynch Investment Managers (MLIM), said Tuesday that the division “lost contact” with the firm’s retail brokers in the 1990s, and has “completely turned that story around today.” Peek...
