With 12,000 mutual funds on the market today--a figure that exceeds the number of stocks on the New York Stock Exchange--brokers have a lot to pick from."Competition is absolutely fierce," says John Rhoades, senior vice president and director of...
The buzz on Wall Street is about the quick pace of change. Retail brokers can't stop talking about Internet trading, falling fees, mergers and their firms' strategies. They are both curious and concerned about what the future holds.In the here and...
On April 19, Citigroup quietly let it be known--with a one-liner in its first quarter earnings report--that "Salomon Smith Barney plans to roll out online trading capabilities later this year." That was the first indication that SSB would join...
A late-year slide in Asian stock markets led to a 9.4% loss for the $2.3-billion Templeton Developing Markets I fund in 1997. But you wouldn't know it from the tax statements the company sent to shareholders.Despite the loss, Templeton Developing...
When Morgan Stanley Dean Witter Discover changed the name of its Lombard discount brokerage unit to Discover Brokerage Direct, it caused some Dean Witter reps to wonder about how the unit would compete in the future.The reason for the name change...
NREI presents the Top 100 Pension Fund Managers as ranked by Nelson Information Inc., Port Chester, N.Y., based on real estate assets managed as of July 23, 1997. Combined, these 100 firms manage $241.5 billion out of the total $256.6 billion of...
Doubletree and Red Lion. Simon and DeBartolo. Howard Hughes and ...
When The Lancaster Group, a Houston-based management company with properties in Los Angeles and New York, was offered a chance to manage a 115-room luxury property in Alabama, it did something few, if any, other management firms would have even...