Even though liability coverage for securities firms is widely available, industry observers say only 20% to 25% of those who should buy the coverage actually do so.
The sexual harassment lawsuit saga at Salomon Smith Barney Inc. is about to take a bizarre twist.
The Dow Jones Industrial Average, which suffered a rocky third quarter with interest rate and inflation jitters, will rally by year-end to 11,500, predicted New York money manager David Alger, chief executive of Fred Alger Management Inc.
Talk about a tease. The spring rally in value stocks melted as quickly as an April snowshower, and 1999 is shaping up to be another disappointment for value investors.
After Heidi Flammang became a widow at age 27, managing a $1 million insurance settlement proved just about as trying as coping with her grief.
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.
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.
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.
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.
