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.
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.
Aiming to forestall defections and address merger-related anxieties, Wachovia Securities LLC and A.G. Edwards Inc. announced broker retention packages Friday.
WASHINGTON — Solar energy is emerging as an investment opportunity, with technology improving and costs predicted to drop.
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.
Borrowers are turning to other providers, but don’t expect banks to die out any time soon, the Fed chief said today.
Lehman Brothers Holdings Inc. said that it has raised $1.5 billion for its new Lehman Crossroads Fund XVIII fund-of-funds.
Brokers at A.G. Edwards and Wachovia Securities got details of their retention packages today.
Morgan Stanley is looking at investing in between two and three fund-management companies in China, according to MarketWatch.
AIG has sued former chairman Maurice R. Greenberg and ex-CFO Howard I. Smith for more than $1 billion in damages, published reports said.
Bear Stearns today said its earnings dropped, while Goldman Sachs reported a slight decline in revenues.
Goldman Sachs Group Inc. will purchase a stake in ICICI Financial Services in Mumbai, India, published reports said.
The Bear Stearns Cos. Inc. is liquidating holdings from a recently formed hedge funds after it lost money on subprime mortgage bonds.
Surging energy prices pushed the producer price index up 0.9% in May, according to the Department of Labor.
To rev up its top reps and advisers, Raymond James is giving bonuses to its biggest-producing brokers.
NYSE firms that do business with the public reported a dip in profits and increased revenues in the first quarter.
Fidelity Investments has sold nearly all of its shares in Dow Jones & Co., the target of a $5 billion takeover bid by Rupert Murdoch’s News Corp.
Lehman Brothers Holdings today announced record profit levels during the second quarter.
James Livingston has been tapped as CEO of National Planning Holdings, replacing Shawn Dreffein.
