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Merrill Lynch Uses Large Signing Bonuses To Attract Star Brokers

Posted 06.15.2011 | Business

NEW YORK (Joseph A. Giannone) - Merrill Lynch is giving some regional managers permission to offer unusually high upfront signing bonuses to attra...

Your Broker Can Eliminate Your Tax Liability

Dan Solin | Posted 06.12.2011 | Business
Dan Solin

It's tax time, so I thought I would blog about a little known benefit of using major brokerage firms.

Wall Street’s Next Thundering Herd

Bloomberg | Elizabeth Ody | Posted 06.10.2011 | Business

The next thundering herd on Wall Street may be the ranks of low-cost portfolio managers such as MarketRiders and Folio Investing, which cater to self-...

New York City Apartment Hell Pt. 4

David Serchuk | Posted 05.25.2011 | New York
David Serchuk

Wherein we are basically extorted by our broker and revisit, once again, a place we didn't even like that much the first time.

Rich and Poor Serve Their Wall Street Masters

Dan Solin | Posted 05.25.2011 | Business
Dan Solin

I am often accused by brokers of being too hard on them. They say I cherry pick bad portfolios and there are many "hard working, honest brokers" who do the right thing for their clients. I used to believe it. I no longer do.

Investing Do's and Don'ts for 2011

Dan Solin | Posted 05.25.2011 | Business
Dan Solin

Don't rely on predictions by anyone about the direction of the markets or what to buy or sell in 2011. No one can predict random events. If your broker couldn't call the worst crash in 50 years, why do you believe his predictive skills have improved?

Broker Talk New York: Understanding Dual Agency

Ron Gitter | Posted 05.25.2011 | New York
Ron Gitter

A new provision of New York State Real Property Law will significantly change the way brokers selling co-ops and condos in New York disclose their agency relationships with their clients.

Elizabeth Warren To Speak At Financial Insiders' Dinner

Huffington Post | William Alden | Posted 05.25.2011 | Business

Elizabeth Warren, chair of the Congressional Oversight Panel, a federal bailout watchdog, and a likely nominee to head the new Consumer Financial Prot...

Broker's Assistant QUITS Via Dry Erase Board

Huffington Post | Sara Yin | Posted 05.25.2011 | Business

UPDATE 2: So-- was Jenny fake? Afraid so. In a followup post on, "Jenny" revealed that she was an LA-based actress named Elyse Porterfiel...

Goldman Sachs Settlement: A Reader's Outrage

Iris Mack | Posted 05.25.2011 | Business
Iris Mack

Seems almost everyone I talk to these days is very outraged over the corruption in the financial system.

A Real Estate Broker's Tips to the Summer Rental Market

Pauline Millard | Posted 05.25.2011 | New York
Pauline Millard

While other outlets may try to offer guidance, unless you work in the field there really is no way to understand exactly how this business it works.

Regulatory "Reform" Bill Shafts Individual Investors

Jake Zamansky | Posted 05.25.2011 | Business
Jake Zamansky

I should have known it was too good to be true. A few months ago I was optimistic that regulatory reform would include an investor protection known as the "fiduciary duty" standard.

Iraq Stock Exchange: High-risk investments

Craig and Marc Kielburger | Posted 05.25.2011 | Home
Craig and Marc Kielburger

Trading floors are known for being volatile. Those who think they're tough should try navigating the Iraq Stock Exchange. On Jan. 12, the Tuesday tra...

The Niche World of New York Real Estate

Darren Sukenik | Posted 05.25.2011 | New York
Darren Sukenik

Remember those old game shows with contestants in glass money machine booths trying to catch all of the flying dollars? That was the NYC real estate industry two years ago.

2010: Six Hairy Issues (and How to Solve Them)

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

What we need is not only a rebound in the economy, it's the feeling in corporate America that it's good to employ people.

Financial Advice: Five Questions to Ask, Including the F-Word

Jill Schlesinger | Posted 05.25.2011 | Business
Jill Schlesinger

It seems like everybody is in the financial advice-business, but how do you know if someone is qualified to help you?

Brokers Abandon Wall Street

Posted 05.25.2011 | Business

The New York Times reported in April that the financial crisis was altering Wall Street as diminishing bonuses and loss of status (to say the least) a...

Brokers Abandon Wall Street

Wall Street Journal | Posted 05.25.2011 | Business

The number of brokers bolting from Wall Street is on the rise amid slumping markets and diminishing fees -- a trend that could augur lasting changes i...

Firms Taking Bailout Money Defend Retention Pay For Top Brokers

Washington Post | Tomoeh Murakami Tse | Posted 05.25.2011 | Chicago

Handsome pay packages for brokers totaling billions of dollars have turned the public spotlight on another corner of Wall Street compensation: retenti...

UBS Shells Out Big Bonus Bucks for Brokers

Bloomberg | Elena Logutenkova | Posted 05.25.2011 | Business

UBS hired a team of five in Dallas from Goldman Sachs Group Inc. with $4 billion under management, and a group of the same number from Morgan Stanley ...

The Hubbub Over Merrill Lynch Bonuses

Clusterstock | John Carney | Posted 05.25.2011 | Business

As background to all this, recall that Bank of America has promised big bonuses to brokers who stay at the combined bank for the next several years--b...

Sad, Scared Traders: The Global Financial Crisis In Pictures (SLIDESHOW)

Huffington Post | Nour Akkad | Posted 05.25.2011 | Business

After the United States began struggling with an economic crisis while the world watched, the crisis conditions spread rapidly into other countries an...

How To Get Along With Your Real Estate Broker

Pauline Millard | Posted 11.17.2011 | Healthy Living
Pauline Millard

Brokers are here to help you: The whole apartment-hunt process is like dating and in the end it's not about selling anything, but finding the perfect match.

Merrill Lynch To "Quietly" Cut Up To 15 Percent Of Workforce

CNBC | Posted 05.25.2011 | Business

Merrill Lynch is now planning to cut 10% to 15% of its workforce--excluding brokers--sometime in May, CNBC has learned. Merrill Lynch CEO John Thain ...

Brokers Suffered, While Customers Profited In 2007

New York Times | Floyd Norris | Posted 05.25.2011 | Business

The brokers' customers did reasonably well. The brokers did not. That is not the usual way of Wall Street. Two-thirds of a century ago, a best seller...