But soon Merrill Lynch was the most profitable investment bank in the country, making more money per broker than any of its rivals.
Ultimately, your goal is to preserve your capital and make money, not to make friends with your broker or money manager.
FORBES: A Double-Dip Costs Citigroup Customers Commissions And Fees
Ansbacher must put up earnest money with his broker to make the trade.
He was the victim of the vengeful mistress in Fatal Attraction, and the money-obsessed broker Gordon Gecko in Wall Street, both realesed in 1997.
Apparently one Florida public pension attorney has compensation arrangements with at least one broker-consultant and certain money managers regularly recommended by the broker-consultant.
FORBES: Shame and Scandal in Florida Public Pension Community (October 2, 2004 )
The CIOs help them find venture money and even help broker introductions to companies that might be appropriate acquirers.
The words I want you to keep in mind every moment you are listening to a broker, money manager or pension consultant are: Momma said believe half of what you see and, son, none of what you hear.
When pensions turn to brokers for information about brokerage practices, they get different answers, depending upon how the broker makes his money.
FORBES: Pensions and Brokerage: The Brokerage Battlefield Revisited (October 1, 2000)
Much better yielding, and probably safer: a money market fund offered by the broker.
That's chiefly the reason broker-dealers are throwing money at them: They want these exchanges around--and healthy--to ensure competition against the NYSE.
Weinblatt, the usaa money manager, suggests you ask your broker what the pool's percentage is of primary homes, vacation homes and investment properties.
Meyer, a former Merrill Lynch broker turned pundit at newsletter Straight Money Analysis, agrees with the CNBC poll.
Amid the gloom, nervous savers simply want to keep their money safe, according to Danai, a broker from Athens who also has moved some of her savings offshore.
The greater the commission rate the pension client approves, the more the broker gets paid and the more money the manager has to spread around to accomplish his multiple objectives.
FORBES: Pensions and Brokerage: The Brokerage Battlefield Revisited (October 1, 2000)
Between 1999 and 2009, those who worked with a broker underperformed those who ran their own money by an average of 1.5 percentage points annually.
WSJ: The Intelligent Investor: New Ways to Weigh Your Adviser
Business news with Steve Evans: Finance broker Adam Tyler explains the difficulty of raising money for small businesses.
Mr. RICHARD GREGORY (Real Estate Broker): I want to make some money.
Generally, it is the soft dollar broker who has misinformed the pension fund or money manager regarding the propriety of a proposed soft dollar arrangement.
FORBES: Soft Dollar Zone: A Sensitive Area (January 1, 1997)
Meyer, a former Merrill Lynch broker turned market pundit and publisher of the Straight Money Analysis newsletter.
Just as people got used to booking their own flights, rather than using a travel agent, he thinks more and more consumers will use the Internet to buy and sell homes, rather than a real estate broker -- especially if it saves them commission money.
The incentive is obviously skewed toward moving money around so the investors never quite knew whose best interest the broker was working for.
One of those arrested in July's extraordinary New Jersey roundup of mayors, legislators and others for alleged money laundering and corruption was a Brooklyn man accused of trying to broker the sale of a human kidney for a transplant operation.
Meyer, a former broker and now FINRA arbitrator that writes the macro monthly Straight Money Analysis also likes gold.
In the triparty repo market, primary dealers and other large banks and broker-dealers obtain very large amounts of secured financing from money funds and other short-term, risk-averse investors.
"The issue is not the money, " says Neil MacNaughton, managing director for maritime coverage at insurance broker Willis Group.
Meyer, a former Merrill Lynch broker turned radio and television pundit and newsletter publisher over at Straight Money Analysis laughed boisterously when asked that question.
When a gatekeeper is an arm of a brokerage firm, she says, there's an additional problem: The temptation is to favor money management firms that turn over their portfolios rapidly and throw trades to the broker.
There may be some money protection issues in the U.K., but working with an unregistered broker or bank and using unlimited leverage might make it more unsafe overall.
FORBES: Offshore Forex Trading Is Heading Back To U.S. Shores
In situations where they lost money due to a highly risky investment, you can file an arbitration claim against the broker.
应用推荐