Well, our friends at Bloomberg beat us on this: Sallie Krawcheck who heads up wealth management at BoA/Merrill Lynch (NYSE:BAC) told its U.S. Trust advisors, if you're gonna walk, we're gonna pay you less. Sallie is gonna put you on "garden pay." ...
When Debby McWhinney was named to run the remaineder --- the stub --- of financial advisors left at Citigroup banks, the negative reaction to her plans was fairly quick and strong. I immediately got calls from Citi bank brokers who complained that...
It's a technological arms race to be sure. We noted this in our February issue, "Innovating in '11." Fideltiy validated our assertion in that story by showing up yesterday to give us a test run. (In our February issue, we said, "Practice...
Apparently, the spoof of the logos of major financial institutions is making the rounds today. And with good reason.
Funny stuff.
Trusts & Estates, our sister publication (suscription required) says that, "The 2010 [Tax] Act opens the door to creative planning techniques." ...
The good folks of the Senate Committee on the Budget held a hearing yesterday. Their task? To discuss ways to reform the out-of-control complicated mess that is currently our tax system. A hearing was held yesterday. (Of course, every time...
The Wall Street Journal is reporting today that investors are piling into Egypt. WSJ's Brett Arends writes, "While the Middle Eastern country teeters on the edge of chaos, investors have been piling into the Market Vectors Egypt Index fund (EGPT)...
Remember that canard about how incidents of wife beatings rose during the Super Bowl? (It turned out not to be true...
