Short Interests: At AmEx, it has been a rocky road
Having experienced a messy meltdown from its exposure to junk bonds, American Express Co.’s financial planning unit seems…
Tax Watch: Treasury is mapping a simplified tax system
The Department of the Treasury is beginning to work on tax reform, and plans to consider a replacement…
Weak IPO market spurs investment bank layoffs
When a bloated William Blair & Co. recalled former managing partner Edgar D. Jannotta to active management in March, it said so in a three-sentence blurb issued to the press at the unfashionable hour of 6:29 p.m.
Short Interests: Seeing green amid the pink slips
With so many wealthy, qualified and bewildered ex-dot-comers out of work, so-called pink-slip parties are all the rage in such cities as San Francisco and New York. But a soiree at Hush in New York Thursday turned into a meet-and-greet for financial planners.
Conference Call: Brass at ICI unfazed by redemption growth
The stock market may be in turmoil, but rose-colored glasses certainly make things more bearable. At least that's the feeling one got after listening to remarks Thursday at the Investment Company Institute's general membership meeting in Washington.
One on One: "Advisers can make a lot of money selling 401(k)s"
Emplanet aims to make it easier and cheaper for small companies to offer retirement plans
Fidelity joins Schwab, adds adviser referrals
Trailing its archrival by more than five years, Fidelity Investments is finally unfurling its own initiative to match investors with financial advisers.
Investor suits against Wall Street houses surge
Wall Street’s top investment banks are wading through a series of lawsuits from investors who want to get…
Fast Track: Merrill Lynch’s new hire courts the superrich
Howard Grace says that he’s been tending to the financial health of corporations for more than two decades.
A top exec joins staff of consulting group
Salomon Smith Barney Inc., gearing up for a big marketing push in Europe for its separately managed accounts,…
Volatility sparks new look at market timing
Market timing for the masses — that is the general concept behind a program, to debut as early…
Preaching the economic gospel to inner-city kids
Teaching minority high school students about business is more than a job for Allen Shelton. It's a calling.
Fee revenues cushion slump for broker-dealers
In a business that’s traditionally been feast or famine, broker-dealers are facing lean times as the stock market…
NASDR warns of potential online churning
Online brokers could be accused of churning if their customers trade too much based on their recommendations. The…
Moving Up
* American Skandia Life Assurance Corp. in Shelton, Conn., has promoted two executives: Michael Murray, 32, has been…
MetLife sharpens teeth to compete for business
Forget about Snoopy dozing on the doghouse roof while the financial world goes by; think junkyard dog instead.
An exotic feast for investors
A growing number of companies are opening online supermarkets that feature a smorgasbord of exotic investments to sate the appetites of the newly rich and "moderately sophisticated" for venture capital, hedge fund and IPO deals.
Short Interests: Lobbyists mull $3 million pension blitz
Washington lobbyists for the financial services industry were debating last week whether to pitch in $3 million for an apres-election ad campaign to get the $240 billion tax bill passed before the end of the year.
Brown Bros.fund outlet for Europe
Brown Brothers Harriman & Co. in New York has added more than traditional custodial services to its online offerings.
PRODUCT WATCH: Ameritrade offers trading, account management tool
Ameritrade Holding Corp. in Omaha, Neb., now offers Ameritrade Institutional Services, designed to help financial planners and advisers…
