Partners at the soon-to-merge Coopers & Lybrand and Price Waterhouse may be doing more this summer than combining their files. They also could be realigning their personal portfolios.
A fragmented legion of independent financial advisers controls a growing share of the retail investment business. Meanwhile, an increasing cadre of larger financial services companies is on the prowl to buy these firms.
When the Chicago Park District has sold bonds lately, it has employed two companies to rate the debt for investment safety.
In an interview just a few weeks ago, Jack White was extolling the joys of running a boutique.