David Harris, who reportedly has more than $300 million in assets under management, moved to UBS Securities from Smith Barney on April 30, according to the NASD database. Harris, based in Houston, who has written for Registered Rep., was with...
Back in 1981, when Philip J. Purcell helped engineer the odd-sounding merger of Sears Roebuck and Dean Witter, he had a vision. He knew the 401(k) legislation encouraging people to invest for retirement would create a voracious appetite for mutual...
Morgan Ups Offer to Prospective Candidates
Three years ago, at the height of the equities run-up, investors had little reason to be interested in hedge funds. The intervening years have brought with them some important lessons about diversification, and this has made alternative...
We've all seen the ads. Broker/dealers promising massive payouts in large, bold-print type: 90 percent! 95 percent! Even 100 percent! It's understandable if advisors especially those fleeing wirehouses over pay issues are dazzled by the numbers...
Chances are, you and your clients don't know. The typical brokerage statement delivers tons of data, but very little useful performance attribution information.
It was a victory in court yesterday for Merrill Lynch and three other large investment banks--Morgan Stanley, Credit Suisse First Boston, and Goldman Sach--as judges dismissed claims in two class action suits related to the firms' tainted stock...