Bank of America Merrill Lynch has become the first U.S. underwriter to offer the World Bank’s new green bonds to retail investors in $1,000 denominations...
Sometime during the first quarter of 2002, Morgan Stanley will unveil a new rookie training program. The biggest change is a requirement that trainees complete five modules of coursework to prepare for the CFP exam...
Despite the work full-service firms have put into Web-based client services, there's one function that's still missing -- the ability to chat in real time via text-based message screens. The term for this, coined by...
Could brokers be criminally liable for taking client records? Although industry lawyers know of no cases presently, they say it's a possibility under the Gramm-Leach-Bliley Act (GLB). To address privacy concerns, the...
Morgan Stanley is promoting its fee-based brokerage account by offering 50% payouts for one year. The promotion, called Success by Choice, began in July and is scheduled to run for five months through November...
Account aggregation has been billed as an important new tool for brokers. Morgan Stanley became the first major retail firm to launch an account aggregation service last fall. Merrill Lynch and Salomon Smith Barney...
Marti Nelson, Dain Rauscher, Eau Claire, Wis. She's extremely hard-working. I'll send an e-mail at 7 o'clock at night and get one right back. client Laurence Niederhofer, Scottsdale, Ariz. She challenges me to make...
Customers shouldn't get embroiled in employment disputes. That was the majority view of commenters on an NASDR-proposed rule interpretation that would prohibit customer account freezes during employment disputes...
The war on analysts is now threatening brokers. In proposing heightened disclosures from analysts, the NASDR has included retail brokers as well. The July proposal, NASD Notice to Members 01-45, broadens disclosure...
In June, Prudential Securities relaunched its Web site for the second time this year, with a new URL, www.prufn.com. The site is now called Prudential Financial Network. (The old URL will still get you there.)...
