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Creating a constructive outlook for the coming year. William Blake once wrote, If the doors of perception were cleansed everything would appear to man as it is, infinite. At the risk of trivializing his statement, Blake's wisdom means something to...
Greener pastures await at another broker/dealer: I'm outta here. Adios. Sayonara. Kiss mywell, you get the idea. It's a heady moment when a rep leaves his firm. It also often sets in motion a series of showdowns over client ownership and...
Q: Recently I have been offered a forgivable loan as part of a transition package. I've taken loans before, but I've never seen one of the requirements in this one: forgiveness tied to production. It's a four-year loan, one-quarter of the loan...
It seems so trivial, just a turn of phrase: Can Series 7 stockbrokers bill themselves as financial advisors without getting a Series 66, the license that technically separates advisors from salesmen? Since 1999, brokers have been able to do just...
It'd be easy to write off 2004 as a year of much talk and little action when it comes to trusts and estates law easy, but misleading. While it's true that Congress failed to enact estate tax legislation, a major tax law it did pass, the...
This article updates the guide published in Trusts & Estates, volume 143 (January 2004) and examines trust and estates software and online resources. In practice, the distinction between Internet-based resources and software continues to blur as...
What, no more golf balls? No free fancy lunches? Dinner? No drinks? Financial advisors who grew accustomed to the little and sometimes not so little treats that mutual fund wholesalers lavish on them may have noticed a certain lack of swag lately...
A NASD proposal to require that reps with three or more formal complaints against them receive extra supervision from their firms elicited a hue and cry from major broker/dealers when it was first announced in late 2003. Both reps and their firms...
To virtually no one's surprise, regulators have begun scrutinizing how 529 plans are peddled. In December, the SEC and NASD sent a letter of inquiry to Edward Jones and American Funds, requesting information on how those firms sell the college...