Does Merrill Edge, Merrill Lynch's brokerage, banking and financial advice platform for the mass affluent, compete directly with Merrill financial advisors? We couldn't get a straight yes or no from Prasad, but that's probably because...
When it comes to what they are paying their advisors, investors are clueless. A 2011 survey by Cerulli Associates and Phoenix Marketing International found that 31 percent of investors were not sure how their advisors were compensated, while...
Most advisors are most interested in working with individuals who have the most money to manage. This usually means those who are about to retire or have just done so. But many of these clients have one thing on their minds that may be even more...
National Planning Corporation has expanded its recruiting team with the addition of Scott Montgomery and Keith Mistretta as vice presidents of new business development. Montgomery joins from FirstPoint Partners, a consulting and recruiting firm...
Commercial mortgage REITs are well-positioned to take advantage of increased borrower demand and the upcoming wave of maturing commercial property loans, although some risks remain. Demand for commercial real estate loans, as reported by the Fed...
Fool Me Twice Robert Pinkas was not deterred the first time, SEC charges suggest. The regulator says Pinkas stole $173,000 from a fund client to cover the costs of defending himself in a separate investigation. Pinkas then lied to the client about...
These days, problems of governance could hardly seem more acute and alive in a public consciousness driven by the information revolution. There's a heightened need to pay attention to the realities of shifting modes of governance and...
Diversify, diversify, diversify. That's the mantra for trust investing under the Uniform Prudent Investor Act (UPIA), which has been adopted in some way, shape or form in virtually every state. It makes sense. Having all of your eggs in one...
