A combination of market and legislative conditions is squeezing Allstate Corp.'s life as an independent company.
Last March, Joseph Park got the kind of phone call most entrepreneurs only dream about.
The E*Trades of the world may insist that someday we'll all invest on-line, but Jordan S. Berlin doesn't buy it.
Less than a year after its founder was killed in a plane crash, Robert R. Meredith & Co., a bond shop serving wealthy investors, has been acquired by Ascent Asset Management Advisory Services Inc., a fledgling firm just 4% of its size.
While big investment banks concentrate on fancy schmancy deals in the burgeoning Israeli market, a fledgling money manager in New York is betting that American individuals and pension funds also want a piece of the action.
When E*Offering - the investment banking affiliate of on-line broker E*Trade Group Inc. - set up shop last January, many observers thought the firm posed a serious threat to Wall Street's lucrative initial public offering business.
Chairman, Equity Office Properties, Equity Residential Properties Trust and Manufactured Home Communities Inc.
Financial planners rode the bull market to a 13% surge in income last year, earning a median $115,000 before taxes, according to a salary survey by InvestmentNews. They would have earned a lot more, though, had they spent more time on fewer, but more lucrative, clients, one consultant insists.
TCW Group Inc., a heavyweight asset manager for pension funds, is the latest to expand its business to retail investors through the increasingly crowded financial adviser market.
Purchasing a U.S. investment bank is far from a sure thing for offshore banks.
A Q&A with possibly the scrappiest money manager around.
Wall Street to President Clinton:Resign and get it over with quickly. Don't drag us through a lengthy, gut-wrenching impeachment process.
The Hurricane George of the financial markets - the disaster of a hedge fund known as Long-Term Capital Portfolio LP - could prompt a storm of lawsuits against the 14 securities firms and banks that joined forces last week to bail it out.
Those in financial services like to call mutual funds commodities, because there are more than 8,000. And many liken those who market them to shoe salesmen or door-to-door encyclopedia salesmen.
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.
