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Several wirehouses press advisers to talk health care with clients
Several wirehouse firms have begun pushing their financial advisers to talk to clients in more depth about health care issues in retirement, but at least one firm, UBS Financial Services Inc., is avoiding the topic because of liability concerns.
Several wirehouses press advisers to talk health care with clients
Several wirehouse firms have begun pushing their financial advisers to talk to clients in more depth about health…
Wachovia subpoenaed in muni bond probe
Two Wachovia employees have been subpoenaed in an ongoing investigation into the bidding on financial instruments in the municipal derivatives market.
Wachovia tops in annuity-sales commissions
The Charlotte, N.C.-based bank collected $483 million in annuity fees, or 0.06% of $782.8 billion in assets.
Wachovia unveils new retirement plan
The plan will be a joint effort between Wachovia Securities and Wachovia Retirement Services.
Wachovia names head of distressed debt
Based in New York, Jeremiah Keefe will report to Tim Mullins, managing director and head of Credit Sales and Trading.
Wachovia unit targets lawyers in California
In a bold bid to bolster its presence in the fragmented and lucrative California wealth management market, Wachovia Corp. is targeting wealthy attorneys, a traditional source of strength for rival Citigroup Inc. in that state.
Profit sharing at Edwards will get ax
Wachovia Securities LLC will discontinue A.G. Edwards' lucrative profit-sharing plan this year, a move some say could contribute to more defections of Edwards producers.
Wachovia, BofA brace for bad news
Two major banks announced that fourth-quarter losses tied to bad debt will be worse than expected.
Poll: Most Americans stymied at saving
Forty-six percent of the respondents in the highest income group said that impulse spending made it hard to save.
Wachovia fined $300,000 by FINRA
The regulator said Wachovia violated research analyst conflict of interest disclosure rules.
Wachovia to hike recruiter commissions
For certain recruiters, Wachovia of Richmond wants to increase the commission it pays to 10%.
Subprime problems are hitting money funds
Money market funds usually are as boring as it gets in the investment business.
Brokerage turmoil hits reps in pocketbook
As stocks of the large financial services firms get hammered, more brokers could be tempted to leave.
