Here are all of the comments RR heard from A.G Edwards brokers. A "We focus on client rather than product. We’re a conservative firm so there is no focus on technology and that’s not necessarily a bad thing." B "Overall, not too many...
Here are all of the comments RR heard from Prudential brokers. A No comments. B "Our entire pricing strategy is confusing to the client and the broker." C "Overall, it’s pretty good here. It’s not the best. There’s always room...
Here are all of the comments RR heard from First Union brokers. A "They are highest level in terms of investment consulting research/fee-based programs. Only one or two firm comparable in whole country." B "Doesn’t support new brokers very...
Morgan Stanley is today saying that it will not lay off any brokers. The firm is responding to a Wall Street Journal story in today’s paper that says the firm is considering eliminating 1,000 brokers--7% of its brokerage force--as well as...
Morgan Stanley Dean Witter officially became Morgan Stanley on Monday, shortening its name because the firm considered it “unwieldy.” The firm decided to change its name in January as part of a global branding initiative, pending a...
Fresh off the heels of its JW Genesis acquisition, First Union Corp. wants to expand its platform for independent brokers, says Don McMullen, vice chairman and head of the Capital Management Group at First Union Corp. Speaking at a Putnam Lovell...
Community investing part chat room, part investment club is the latest twist in the cyber financial world. Community investors rely on their peers for shared investment advice, and their results are tracked online. Some money managers are using...
Our exclusive survey of independent contractor reps quantifies what we thought indie reps love their freedom, but being on their own can be a challenge (see Insights on Independents, Page 85). Those challenges are why there's never been a mass...
Here are 15 inspirational items you might find helpful in your business and personal life. How do we show our clients we care? By our actions. We cannot be self-serving. We must be personal. And we must be unexpected. The two most cherished words...
In January, the Internal Revenue Service released new required minimum distribution (RMD) rules that affect investors with IRAs and qualified retirement plans. But the agency hasn't yet published much information on the rules, which can be applied...