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A (Hiring/recruiting) “It’s about average for the street. I don’t really get into that.” (Training) “There’s quite a bit of room for improvement.” (Overall) “The strength of this firm is in [its]...
Unlike former SEC Chairman Arthur Levitt, new SEC chief Harvey Pitt isn’t opposed to sign-on bonuses for retail brokers. In a press conference at the SIA’s annual gathering in Boca Raton, Fla. Friday morning, Pitt told RR that he...
The Securities Industry Association’s annual bash is going on as planned, although the agenda was altered after Sept. 11. To no one’s surprise, the mood at the Boca Raton, Fla., convention is a bit more somber than in years past, with...
Red Book Online places a wealth of information at your fingertips. With a few clicks of your mouse you can connect with a wide range of career resources specifically for financial services professionals. You'll find dozens of categories and...
Communication And Support For Clients In Turbulent Times By Ted R. Ridlehuber Cannon Financial Institute, Athens, GA With the terroristse attacks on September 11, the resulting human tragedy in New York, Washington and Pennsylvania, and the...
Terrorist Attacks Push Economy Into Recession; Recovery At Least A Year Away, Say Lenders In Phoenix Lending Survey Economy May Begin Recovery Later in 2002 Or 2003 PHILADELPHIA -- The events of September 11 have pushed the economy into a...
Funding A Credit Shelter Trust With Retirement Benefits By Natalie B. Choate Bingham Dana LLP, Boston, MA There are numerous advantages as well as disadvantages to funding a credit shelter trust when all or most of the client's assets are inside...
Merrill Lynch distributed its new compensation package to its retail sales force Oct. 29. Brokers serving $100,000-plus households and converting clients over to asset-based pricing accounts will be rewarded. Merrill jacked up its payout on fee...
Dain Rauscher has been renamed RBC Dain Rauscher, effective today, according to the firm. Royal Bank of Canada (RBC) completed its acquisition of Tucker Anthony Sutro and began integrating the firm with its U.S. broker/dealer subsidiary, Dain...
Bloomberg reports that Merrill Lynch has fired a broker over a letter the rep sent to clients advising them to yank funds managed by Credit Suisse Asset Management. The broker was reportedly critical of Swiss banking practices in the wake of the...