Even though Congress ordered the General Accounting Office (GAO) to look into high mutual fund fees and profits, no one yet can say exactly how lucrative the mutual fund business is.A GAO report released in July cites...
A.G. Edwards says all of its 6,800 retail brokers will be equipped with the firm's new ClientOne workstation by the end of October. And despite some complaints about not being able to install unauthorized software...
Nine years ago, Fred Hensler had second thoughts about being a broker. Today he's making strides toward 1 million dollars in production.When Fred Hensler graduated from his wirehouse's month-long training program in...
Several wirehouses have formed online bond-trading consortiums in the past few months in an attempt to compete with independent bond-trading Web sites.PaineWebber, Goldman Sachs and Spear Leeds & Kellogg were expected...
Merrill Lynch is offering new retail clients 100 dollars to open an ML Direct Cash Management Account. Between now and July 21, clients who sign up for ML Direct's CMA using the firm's online account application will...
Merrill Lynch has pulled out of the retail securities business in Puerto Rico. The firm sold its branch operations and client lists to Santander Securities Corp. in late February for 15 million dollars. It said that...
First Union Securities says it plans to start treating its retail brokers more like clients. It implemented Service First, a program to improve how it meets reps' needs.Effective July 1, all corporate offices that...
Even during his rookie season with the Philadelphia 76ers, Jim Spanarkel knew basketball wouldn't last forever. He's a Merrill Lynch broker now.Jim Spanarkel knows how to rebound. As a standout swingman with Duke...
PaineWebber is offering upfront bonuses of between 10 percent and 50 percent of annual gross production to retain J.C. Bradford & Co. brokers. The bonuses are in the form of a four-year forgivable loan, according to...
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...
