Insurers increasingly are using trail commissions for fixed annuities to give finan-cial advisers an additional incentive to cultivate long-term client relationships.
In a bid to stand out among their peers and to be more competitive in the marketplace, an increasing number of small to midsize independent-contractor broker-dealers are offering sophisticated compensation plans, including stock ownership, to their affiliated registered representatives.
Aiming to forestall defections and address merger-related anxieties, Wachovia Securities LLC and A.G. Edwards Inc. announced broker retention packages Friday.
Postnuptial agreements are gaining popularity as an estate-planning tool, and some hedge funds and private-equity firms have asked their top executives to sign them to protect their companies in case of a messy divorce, according to attorneys and financial advisers.
Brokers at A.G. Edwards Inc. won’t have to worry about losing their wealthy clients, according to Stan Kelly, president of Wachovia Wealth Management.
In an effort to charge up its top registered representatives and financial advisers, Raymond James Financial Services Inc. is giving bonuses to its biggest-producing brokers.
CHICAGO — According to a recent report, there is ample opportunity for financial advisers to work with clients who own company stock using a little-known technique called net unrealized appreciation.
BOSTON — Gerald Sullivan’s Industry Leaders Fund boasts Lipper Leader designations, four stars from Morningstar Inc., a solid eight-year-plus track record and an investment process patented by the U.S. government.
WASHINGTON — Solar energy is emerging as an investment opportunity, with technology improving and costs predicted to drop.
Morgan Stanley is looking at investing in between two and three fund-management companies in China, according to MarketWatch.
Brokers at A.G. Edwards and Wachovia Securities got details of their retention packages today.
Lehman Brothers Holdings Inc. said that it has raised $1.5 billion for its new Lehman Crossroads Fund XVIII fund-of-funds.
Borrowers are turning to other providers, but don’t expect banks to die out any time soon, the Fed chief said today.
Goldman Sachs Group Inc. will purchase a stake in ICICI Financial Services in Mumbai, India, published reports said.
Surging energy prices pushed the producer price index up 0.9% in May, according to the Department of Labor.
AIG has sued former chairman Maurice R. Greenberg and ex-CFO Howard I. Smith for more than $1 billion in damages, published reports said.
To rev up its top reps and advisers, Raymond James is giving bonuses to its biggest-producing brokers.
Bear Stearns today said its earnings dropped, while Goldman Sachs reported a slight decline in revenues.
The Bear Stearns Cos. Inc. is liquidating holdings from a recently formed hedge funds after it lost money on subprime mortgage bonds.
NYSE firms that do business with the public reported a dip in profits and increased revenues in the first quarter.
