Editor-in-Chief of On Wall Street magazine
Despite all the talk of economic recovery, turmoil is still apparent in the financial services sector, including the parent companies of brokerage firms. With many of the biggest changes now past us-complete with merged companies being integrated and new executives taking up their posts-the new landscape is just beginning to emerge. And everyone is still adjusting.
Though the biggest brokerage firms are sporting new management, the landscape seems eerily the same since it's been more like musical chairs rather than wholesale change. Still, it will make for interesting theater as 2010 gets underway.
As 2009 makes its exit, 2010 promises to be just as tumultuous.
Clearly, some players are up while others are down. And as the firms in this industry make their way back from the economic abyss of the past year or so, uncertainty is still a factor for financial advisors.
Wall Street and the economy are still undergoing a great deal of change and upheaval.
Sallie Krawcheck has made her return to the financial advisory world with a splash. And what a job she has ahead of her.
As advisors continue to navigate the rough waters of this economy and prepare for the turnaround, how do they stay competitive?
A new beginning is at hand and you need to be prepared.
Have you recently gone back and reviewed the mistakes you've madewhether an investment decision or the way you handled a client?
Wall Street is in the midst of a transformation. Recognizing this shift, we at On Wall Street felt it was time for us to change as wellin our look and in our content.
The savvy investor and wise financial advisor have long been searching for ways to minimize risk. One tactic is diversification, which includes international investing strategies.
As Congress and the media take Wall Street chiefs to task over bonuses, financial advisors are caught in the middle.
We all know tough times await us over the next few months. Just take a look at the recent conclusions of SIFMA's Economic Advisory Roundtable.
Packages get lowered. Brokers get hired. Markets have tanked. Retention offers are shrinking. And yet, according to the experts in our 10th Annual Recruiters Roundtable, there are still opportunities, if you know where to look.
The major earthquakes appear to be over. Let's hope the aftershocks are behind us as well, now that a new year has arrived.
In a recent On Wall Street poll, an overwhelming 42.3% of respondents said they were pessimistic following the win of President-elect Barack Obama
From bankruptcies to bailouts, the brokerage business changed overnight. Uncertainty and pain may give way to opportunity. But the question is: how soon?
Wall street got slammed so hard and so fast through September and October that the only option left was to stagger off the field and find a new game.
As we head into the final months of the year, volatility in the markets remains unchecked, Fannie Mae and Freddie Mac have been bailed out and (as I write this) Lehman is the next firm on the verge.
Accountability has quickly become the watchword of Wall Street these days.
Much has changed since trading markets multiplied more than 100 years ago. At one point there were as many as 1,600 exchanges. Today there are only six. The landscape of regional brokerage firms has taken a similar path.
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