Client Outreach
The latest news and advice about successful client communications, including the best methods and strategies for financial advisors.
Credit Crunch Likely to Boost Popularity of 401(k) Debit Cards
By Savita Iyer-Ahrestani, Savita Iyer-AhrestaniA decade ago, when Americans took part in investor knowledge surveys, most people did not even know what stocks or bonds were, recalls Barbara Roper, director of investor protection at the Washington, D.C.-based Consumer Federation of America. But the one thing that just about everyone knew for sure, she says,...
September 22, 2008
MORGAN STANLEY TO SELL STAKE TO MITSUBISHI UFJ FINANCIAL, BECOMES BANK-HOLDING COMPANY (Sept. 22, 2Morgan Stanley, home to 8,350 advisors, is forming a "strategic alliance" with Mitsubishi UFJ Financial Group of Japan, and - along with Goldman Sachs - it has become a bank-holding company, ending it
September 18, 2008
MORGAN STANLEY PRAISES REGULATORS AS FATE REMAINS UNCLEAR (Sept. 18, 2008)Morgan Stanley, the sole remaining wirehouse broker-dealer not owned by a bank, is praising New York Attorney General Cuomo for "taking strong action to root out improper short selling of financial st
September 16, 2008
MORGAN STANLEY WANTS TO STAY INDEPENDENT (Sept. 16, 2008)Morgan Stanley, the sole remaining independent wirehouse broker-dealer, reported income from continuing operations for the third quarter ended August 31, 2008, of $1,425 million, or $1.32 per diluted
September 15, 2008
MERRILL TO BE SOLD TO BANK OF AMERICA (Sept. 15, 2008)Bank of America Corporation has agreed to acquire Merrill Lynch in a $50 billion all-stock transaction, a deal predicted by industry expert Chip Roame in June as part of Research magazine's 30th-anniv
September 15, 2008
Who's on Deck?Following the demise this year of Bear Stearns, the federal takeover of Fannie Mae and Freddie Mac, the bankruptcy filing of Lehman Brothers, and the...
September 12, 2008
ING Lowers Ticket Charges fof FAs (Sept. 15, 2008)The independent broker-dealers of ING have announced they are lowering fees on trades for their financial representatives and advisors on an array of transactions with the aim of making the cost advis
September 09, 2008
Cribiore Moves to Citi from Merrill (Sept. 9, 2008)Citi says it has tapped former Merrill Lynch board member Alberto Cribiore to become vice chairman of its institutional clients group effective immediately. Cribiore, 62, will report to John Havens, C