Following this weekend’s turmoil on Wall Street, financial-sector job cuts may hit new heights, according to a report from Challenger Gray & Christmas Inc. of Chicago.
After a weekend of turmoil, shares of American International Group Inc. lost more than half their value in the first hour of trading.
“There will be massive defections of clients and advisers,” said Liz Nesvold, managing partner of Silver Lane Advisors LLC of New York. “The wirehouse model, which was damaged, is now broken.”
Unless you position your value as a retirement rollover resource for your top clients now, you risk losing out on the significant assets these clients hold away from you.
While financial advisers provide far from the most popular content on YouTube, they are there.
Debit card loan programs recently have been the focus of criticism in Washington.
Companies involved in the operation of toll roads, airports and seaports represent a new asset class, according to some industry experts.
Wayne Christian figured the registered representatives of Center, a small town in eastern Texas, could use a business boost. He also thought its pension funds and endowments, which fund scholarships, needed some new investment options.
Clearly, some mutual fund managers saw the writing on the wall.
LPL Financial has agreed to pay a $275,000 penalty for violating customers' privacy, the Securities and Exchange Commission said Thursday.
