Edward Jones & Co. plans to introduce online banking services by the end of the year. But the St. Louis-based firm is quick to point out that it has no plans to offer Internet trading."We're not putting our brokerage online because we see no value...
It's been two years since regulators gave their blessing to broker-client e-mail. Most reps can finally communicate electronically with clients and send attachments. Some can even do limited prospecting.But e-mail is a technology that elicits...
In April, Merrill Lynch changed the way it compensates brokers on fee business. Instead of larger quarterly payouts, reps now receive three smaller monthly production credits. In the process, the firm will profit from the float on the client fee...
Software can help you handle clients and investments more efficiently. Browse Registered Representative's annual technology guide for programs that contact, plan, analyze and manage.CONTACT MANAGEMENT PROGRAMS* Bill Good Marketing 801/572-1480...
PaineWebber is offering upfront bonuses of between 10 percent and 50 percent of annual gross production to retain J.C. Bradford & Co. brokers. The bonuses are in the form of a four-year forgivable loan, according to sources.Bradford brokers began...
Estate planning helps preserve a client's bequests, but an adviser's role doesn't end at death. Reps can provide a lot of help to heirs in sorting out the assets. Account transfers, tax issues and trading advice are just a few of the logistical...
Merrill Lynch's Internet-based joint venture with HSBC Holdings plc of London, announced in April, won't involve brokers.Given the working name of Merrill Lynch HSBC, the 50-50 joint venture is targeting investors with 100,000 dollars to 500,000...
Brokers face some interesting challenges from the Internet. More of their clients go online and confront them with information from a wide-ranging and eclectic assortment of Web sites."The questions come from all corners," says Edward Van Grouw, a...
The typical CFP is a man over 40 who says his main business is financial planning. He holds a securities license and is compensated via a combination of fees and commissions from his client base of 280 people.This composite comes from the CFP...
Morgan Stanley Dean Witter is encouraging reps to open more online accounts. And to boost productivity, MSDW producers are being urged to move smaller, inactive accounts to MSDW Online, the discount unit.Meanwhile, the firm is offering incentive...
