If you want to call yourself a financial planner in Canada, youre going to have to prove your worth.Under a proposed rule, stockbrokers, investment advisers, mutual fund salespeople and insurance reps who want to engage in planning will be...
Fee-based discretionary portfolio management began with a handful of brokers in the late 1970s, but the approach was an oddity. Back then, who would want to do stock business any other way than get a commission for a great idea? Today, every...
Brad Frederickson hit the production wall four years into the business. He had fulfilled a childhood dream to pick stocks for a living and it felt pretty good to be a $500,000 producer. Until he stayed there the next year. And the next.I found I...
Edmund Finder, Salomon Smith BarneyPicture a veranda overlooking the ocean with a 20-foot polished mahogany desktop supported by driftwood. On the desk are two television sets, a laptop computer, a fax machine and two phones. Just 10 steps away is...
In a Feb. 1 filing with the SEC, the NASD is proposing that member firms be required to provide brokers with an arbitration disclosure statement. The statement would be provided whenever a rep signs a new or amended U-4, and would explicitly point...
If you think that potential clients obtain a list of brokers, devise a slate of questions and go on a round of interviews, think again.The reality of how clients hook up with brokers is much more disorganized. They bump into brokers on planes...
A majority of consumers saw 1998s market drop as an opportunity to buy, according to a December 1998 survey by Boston-based Dalbar. Fifty-nine percent saw the drop as an opportunity--a dramatic reversal of earlier Dalbar studies that showed...