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Registered Rep.
August 1, 2004
John Churchill |
Prudential Deferred Comp Under Fire Again Prudential Securities might have more than the usual amount of trouble shaking former broker Yaakov Holansky's case involving Pru's deferred compensation plan, known as MasterShare.   |
Registered Rep.
September 1, 2004
John Churchill |
Handcuffs Made of Gold Deferred-Comp Plans Can be an Advisor's Lucrative Friend... Should I Stay or Should I go?... |
Registered Rep.
June 1, 2004
David A. Gaffen |
Shaking the Tree It's no secret that most firms are frequently looking for well-established producers, financial advisors who have been making big bucks for a decade or more. Top brass always relishes bagging an elephant from another firm. |
Registered Rep.
October 1, 2002
William A. Jacobson |
Deferred Compensation. Whose Money Is It? Deferred compensation plans offer incentives or income tax deferral while motivating the employee to remain at the company. However, the Citigroup Capital Accumulation Plan is facing legal challenges from class action suits in several states. |
Registered Rep.
July 9, 2003
David A. Gaffen |
Score One For Smith Barney In Cap Plan Hearings A superior court judge in California has ruled for Smith Barney in a case related to a deferred compensation plan that has been the subject of several lawsuits from brokers who formerly worked for the firm. The court said the CAP is not unlawful and does not violate labor laws. |
Registered Rep.
January 13, 2003
Gaffen & Geracioti |
Wachovia-Prudential: For Real This Time? Can you say Pru-chovia? Prudential Securities and Wachovia Securities are very close to an agreement to join forces, one that was scuttled earlier in the year, reportedly due to differences in who would control the unit. |
Registered Rep.
March 1, 2003
David A. Gaffen |
Wach-Pru: Rock Steady, or Not Ready? Wachovia's courtship of Prudential Securities, for months one of the worst kept secrets on the Street, has come to fruition. Is the new organization capable of competing in the elite league it has entered? |
Registered Rep.
June 21, 2007
Christina Mucciolo |
Smith Barney Golden Handcuffs Hard to Crack A New Jersey Appellate Court's reversal of a lower court's decision is another notch in Smith Barney's belt. |
Registered Rep.
April 1, 2003
David A. Gaffen |
Your Book or Your Life! What would you do if you lost your book? Where would you turn for new customers? Where could you be hired? Those are questions that keep many advisors up at night. |
Registered Rep.
February 1, 2003
David A. Gaffen |
An Employer's Market It's a hirer's market out there, but brokerage firms have not stopped recruiting. In fact, although it is quieter than usual, many firms are still willing to pony up big bucks in hopes of attracting top-shelf talent. |
Registered Rep.
November 1, 2004
David A. Gaffen |
The Tipping Point Depending on how the grid changes resolve continuing differences between the Pru and Wachovia payout plans, old Pru reps may be ready to walk. Advisors say that at this point, they are growing weary of promises and pep talks. |
Registered Rep.
May 27, 2015
Megan Leonhardt |
Can Deferred Pay Buy Long-Term Loyalty? With the level of retention deals falling, firms are turning more to deferred compensation as a means to keep advisors in their seats. But is it a short-sighted solution? |
Registered Rep.
January 1, 2003
Gaffen & Geracioti |
What's Going to Happen to the Rock? The Prudential unit seems like a serious candidate for a sale. It has been losing money and been a perennial under-performer. |
Registered Rep.
December 1, 2003
David A. Gaffen |
Suddenly, A Monster Wachovia Securities has gradually, then all of a sudden, emerged as a monster brokerage firm. But Wachovia management insists that its Richmond roots aren't the only difference between it and its New York-based rivals. |
Registered Rep.
January 1, 2003
Gaffen & Geracioti |
The Future of the Industry The broker has to be a person who can handle every aspect of a client's financial life. The broker must evolve into a kind of chief financial officer for the client -- managing everything from investments to insurance to estate planning to mortgage banking. |
U.S. Banker
April 2003
Glen Fest |
Going with the Flow Wachovia CEO Ken Thompson's deal with Prudential has tongues wagging and rivals paying close attention. The newly combined brokerage, nets the bank greater access to trillions of dollars that will pass from one generation to another over the next 10 years. Move over Merrill? |
Registered Rep.
February 24, 2003
David A. Gaffen |
Wachovia-Pru: What's Next The newly-announced joint venture between Wachovia's retail brokerage and Prudential Securities isn't scheduled to close for another 18 months. But the new company should be able to measure the effectiveness of its broker-retention strategy sooner than that. |
Investment Advisor
January 2006
Barreto & Joseph |
Hedgeworld Hedge Fund Focus: ERISA Ponders Alternatives As more pension fund money has been flowing into hedge funds -- catching the eye of the SEC and perhaps pushing the move to manager registration -- legislators have acted to ease pension fund access to hedge funds. |
Registered Rep.
August 29, 2006
Kristen French |
Pru Agrees to $600 Million Market-Timing Settlement Prudential Equity Group admitted to criminal wrongdoing in connection with the market-timing practices of a number of its brokers between 1999 and June, 2003. |
Registered Rep.
September 27, 2004
David A. Gaffen |
Wachovia Securities in Technological Purgatory The Prudential/Wachovia Securities systems integration continues to frustrate the firms' advisors, although the most serious problems have been cleared up. |
Registered Rep.
October 14, 2002
Rick Weinberg |
Small Investors Ding Pru for $260 million. One of largest awards for small investors ever in case of broker The class-action suit claimed that Prudential broker Jeffrey Pickett sold his clients' shares without authorization in 1998. |
Registered Rep.
November 27, 2002
Will Leitch |
Going Upstream Prudential gives up bringing the U.S. brokerage model to the Old World. |
Registered Rep.
November 5, 2003
Churchill & Gaffen |
Pru Market-Timing Charges Widen The investigation into mutual fund trading abuses is widening, with the release of a complaint filed by the Massachusetts Securities Division against brokers who formerly worked in Prudential Securities' hub office in Boston. |
Registered Rep.
February 18, 2003
David A. Geracioti |
Prudential and Wachovia Deal at Hand Wachovia Corp. and Prudential Financial are set to announce their long-rumored joint venture, a partnership that would combine the two firms' brokerage units and clearing operations to create the third-largest brokerage (by number of reps) in the United States after Merrill and Morgan. |
Financial Advisor
May 2005
Paul M. League |
Benefiting From ERISA Exclusions allow retirement and health benefits for small business owners and key managers. |
Registered Rep.
February 13, 2004
David A. Gaffen |
More Wachovia, Less Prudential Three former Prudential managers depart as part of the post-merger consolidation. |
CFO
April 1, 2004
John Goff |
The Doubt of the Benefit Voluntary benefits may seem like a win-win, and insurance companies have seen strong growth in the sector. Here's why they could be a lose-lose. |
