NASDR statistics reveal that the number of employment disputes decreased for the second straight year.According to data obtained by Securities Arbitration Commentator newsletter, 79 cases alleging wrongful termination were filed at the NASDR in...
Imagine working for a branch manager who is so busy with his own book that he's rarely around when you need him. Even worse, he spends the branch's marketing budget lavishly on himself and competes against you for customers--cherry-picking the...
Firm offers allocation advice, performance report for 400 dollars.Charles Schwab & Co. is offering fee-based portfolio recommendations to customers. The new 400 dollar portfolio review service includes a printed report with allocation...
Asking 10,000 reps to make a decision about their futures is a tricky task, as American Express Financial Advisors (AEFA) found out.The firm completed a broker "platform" restructuring process at the end of March. About one third of the firm's 10...
The number of African-Americans investing in stocks and mutual funds is increasing, according to a survey released in April by Charles Schwab & Co. and Chicago-based Ariel Mutual Funds.Roughly 64 percent of African-Americans surveyed this year are...
In May, Salomon Smith Barney dropped the minimum on its fee accounts to 50,000 dollars from 100,000 dollars. The change affects the firm's AssetOne nondiscretionary fee offering and its Consulting Group wrap accounts."The firm is loosening up the...
Prudential Securities in April began a pilot of a second version of its heavily marketed Advisor fee account. Advisor II drops the 24.95 dollars transaction charge levied on Advisor I trades and allows clients to grant discretion.The new version...
Canadian brokerage firms went out of the 20th century on a high note.Operating profits in 1999 rose 45 percent to Can1.9 billion dollars, compared with 1998's three-year low of Can1.3 billion dollars, according to a study of 188 firms by the...
Until the 1990s you knew what to wear to work. Brokers looked different from pinstriped, wing-tipped bankers, but definitely not like the too-slick caricatures in the 1980s film "Wall Street."Women brokers endured severe, dark "dress for success"...
Carolyn Polston, Edward Jones, Wilmington, N.C. Several years ago when Carolyn Polston became a client at Edward Jones, she was impressed by the professionalism, enthusiasm and job satisfaction of the staff.She was so impressed, in fact, that she...