Are small producers an endangered species? During the bull market, a broker with $250,000 in production was treated with a benign indifference, if not outright encouragement. Even as the bear market gripped the industry, firms were willing to keep...
Morgan Stanley unveiled a new compensation plan for brokers that rewards fee-based business and penalizes transactional business. The plan, announced to brokers in mid-September, takes effect in January 2003. It calls for a 2 percent raise in fee...
Merrill Lynch President Stan O’Neal spoke at his firm’s financial services conference today in New York about the erosion of investor confidence and restoring investor trust. But the buzz was all about a report in a German newspaper...
Who are America's top brokers? Here they are—the top players with the billion dollar books, the top sales prizes from their employers, the best of everything.
Bubble Burst, Someone Must Pay. Will It Be You?
NASD Arbitration Filings Continues to Rise
In a bid to carve out a bigger niche in the affluent market, PaineWebber follows Merrill, Prudential and Morgan Stanley in offering mortgages.
...after the biggest layoffs in a quarter of a century.