SIA Survey Shows Progress Made in Mutual Fund Portability

Mar 08, 2001

A study by the SIA on mutual fund portability indicates that more than 90% of mutual funds distributed by top firms are “as portable or more portable than three years ago.” The study’s findings are not surprising to several...

Web-Based Financial Services Have Yet to Win Consumer Acceptance, According to Study

Mar 06, 2001

Despite the pervasiveness of online trading, most Web-based financial services have yet to win acceptance among consumers, according to a study by Mercer Management Consulting. The study, which assesses the impact of the Internet throughout the...

Broker Conference Notes: In a Rough Market, Opportunities Abound

Mar 02, 2001

Even in this tumultuous market, opportunities are everywhere for brokers who recognize them, according to speakers at the SIA's second annual Financial Adviser conference, being held today and Saturday at the Eden Roc Resort in Miami Beach, Fla...

Merrill Expanding Wealth Management Group

Mar 01, 2001

Merrill Lynch is looking for a few good brokers within its ranks to focus entirely on the firm's ultra-affluent investors--households with $10 million or more to invest. Merrill executives want to expand the firm’s Wealth Management Services...

SSB, Merrill Launch New Web Services

Feb 28, 2001

Salomon Smith Barney on Monday launched two new services for clients with online access--its own account aggregation service (separate from parent Citigroup's “myciti.com") and wireless access. The firm is also preparing to improve its Web...

Schwab to Provide Investment Consulting With Callan

Feb 27, 2001

Charles Schwab & Co. has teamed with the consulting firm of Callan Associates to provide investment consulting for Schwab advisers beginning sometime in the second quarter. The new service, called Managed Account Select, will provide the...

Center of Influence

Feb 26, 2001

Referrals can be the lifeblood of brokers' businesses.Steve Saenz, a business coach at Paragon Resources in Atlanta, has a marketing method he says will significantly increase the quantity and quality of referrals. It's called the "Top 100...

Fees Versus Commissions

Feb 26, 2001

Fees Versus Commissions Four reps debate why they prefer one style to the other, what’s best for clients and where the industry is heading. By Dan Jamieson and Rick Weinberg RR: The entire industry seems fixated on moving to fees. Are we...

RR Commentary

Feb 23, 2001

Commentary: RR Magazine's Editor in Chief Dan Jamieson's Comment Letter to the SEC on the NASDR's Proposed TRO Rule May 1, 2000 Securities and Exchange Commission Jonathan Katz, Secretary 450 Fifth St., N.W. Washington, D.C. 20549-0609 Comment to...

Reforming Do-It-Yourselfers

Feb 22, 2001

"Reforming Do-It-Yourselfers" Full-service reps are welcoming transfers from online firms--and the reason isn't always lost dollars. In online land, weak customer support leaves investors feeling exposed. By Rosalyn Retkwa David Furmanski has been...