Merrill Lynch has set up a separate marketing unit to sell its Mercury mutual funds through outside channels. A.G. Edwards brokers are among the first to sell the product.Mercury Asset Management now has six funds in...
Your client doesn't need to be a CEO to have millions socked away in a stock option plan.The burgeoning number of stock option plans and the breadth of employees taking advantage of them are astonishing, says Tom...
If you walk into a Citibank branch, now called a financial center, you'll be greeted by a smiling employee and handed a "CitiPromise" card. The card guarantees that if you don't get good service and a free financial...
The family limited partnership (FLP) is the ice cream sundae of estate planning strategies. It collects a mound of mouth-watering ingredients (assets) into one bowl that satisfies any invited to taste it.The recipe...
The new client sitting across from Sheryl Garrett was frustrated. There had been so many good opportunities to invest in the stock market over the past several years, he said, but he didn't take advantage of them...
The National Association of Investment Professionals (NAIP) is filing a complaint with the Federal Trade Commission claiming online discounter ads are deceptive and unfair.The NAIP's attorney, William MacLeod, a...
If you talk to John Elwood directly you'll get an earful about what's behind stock-price moves. And if you get his voice mail, you won't miss out: Elwood greets callers with his thoughts on the market that day.Elwood...
Three years ago it was "almost impossible" to get brokers to sell life insurance products, according to Jerald Hampton, director of Salomon Smith Barney's estate and trust services group. Only 250 brokers at the firm...
You've read about the threats the Internet poses for your business and seen cover stories predicting the death of the full-service broker. You've probably even experienced firsthand a beating over the prices you...
Alex. Brown was forced to shut down its Annapolis, Md., branch in May when 19 of 23 brokers and staff left the prior month. All joined Boston-based Tucker Anthony, opening a branch in Annapolis and nearby Easton, Md...
