Stephen Gierl and James Wallisch, who operate a Raymond James Financial Services office in Pittsburgh, have always believed in serving their community. But two years ago, the team devised a program to put its money where its mouth is.Named Invest...
Nearly half of all U.S. households own equities, up from about 19 percent in 1983, according to an October survey by the Investment Company Institute and the SIA.Of the 48.2 percent of equity-owning households, 47 percent own only stock mutual...
America and Great Britain, as the old saying goes, are separated by an ocean and a common language. Add to that another difference--the way people in each country handle their money.In the United States, dollars earmarked for the proverbial rainy...
Charities are big business in America. Community foundations alone had assets of more than $21 billion in 1997, a 24 percent increase from the previous year, according to the Columbus Foundation. And Americans also held more than $60.5 billion in...
In mid-August, Prudential Securities became the second major retail firm to let some of its clients view a list of the firm's upcoming IPOs on the Web, complete with downloadable prospectuses. The firm also provides an e-mail link on the IPO page...
An accountants' group has asked Merrill Lynch to stop using the CFM designation.The Montvale, N.J.-based Institute of Management Accountants (IMA) claims it owns rights to the CFM mark, and is threatening legal action if Merrill continues to use...
Salomon Smith Barney clients don't seem enamored with after-hours trading.About a month into the program, clients have placed "only a handful of trades each day," a firm spokesperson says.Most late-trading clients are on the West Coast, and most...
An independent auditor has criticized the NASD for failing to have enough public directors and committee members. Enhanced public representation was one of the key reforms ordered by the SEC in its 1996 settlement with the NASD.The criticisms were...
Prudential Securities has attracted more than a billion dollars in assets in its Advisor account since introducing the new fee program in May 1999. The firm is now getting ready to offer additional versions of Advisor with alternative pricing...
Brokers report that a few anxious clients have actually pulled money out of the market--and out of banks--in anticipation of Y2K problems. Others are simply concerned about operational snafus and are holding off on making decisions. But such fears...
