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Registered Rep.
September 1, 2004
Joan Warner |
The Great Experiment In an effort to hang on to its best producers and lure a fresh crop, American Express Financial Advisors launched triple career tracks for its reps.   |
Registered Rep.
February 1, 2005
David A. Geracioti |
American Express to Exit the Financial Advisory Business American Express Financial Advisors will be spun off to shareholders and not sold because of adverse tax consequences that shareholders would have faced in a sale. American Express shares jumped 6.4% on the news. |
Registered Rep.
March 1, 2005
David A. Geracioti |
An Amexit Stage Right Saying there are "few critical strategic links between the two businesses that create a compelling case" for keeping them together, American Express CEO Ken Chenault announced Amex's plans to spin off American Express Financial Advisors. |
Registered Rep.
August 23, 2005
John Churchill |
Proprietary Matters for AEFA and UBS Selling proprietary product via a firm's own sales force was once considered a great strategy for maximizing revenue. In another sign that that strategy is dead: UBS and Ameriprise are now embroiled in separate class-actions suits. |
Financial Planning
March 1, 2005
Abigail LaCroix |
News Digest Amex Suffers Separation Anxiety... AIG Advisor Group Consolidates and Re-brands... Revenue Sharing Boosts Fund Sales... AARP Pans Personal Retirement Accounts... Aligning Muni Rules with NASD Guidelines... etc. |
Financial Advisor
January 2006
Tracey Longo |
Working Smarter, Not Harder As more independent broker-dealers set themselves up as strategic outsourcing partners, they are finding bigger and better firms driven to their door by stagnant or shrinking profit margins and the accelerating compliance melee. |
Financial Advisor
January 2005
Tracey Longo |
How Fee-Based Programs Led 2004 Brokerage Profits Fee-based profitability is not lost on brokerage executives, who are ramping up programs designed to attract more planners to a fee-based business model and away from traditional commissions. |
Financial Planning
December 1, 2005
Lynn Hume |
Ameriprise to Pay $1.25 Million Fine for 529 Sales In a first-of-a-kind enforcement action, the NASD ordered the former American Express Financial Advisors to pay $1.25 million for failing to adequately supervise its sales of Section 529 college savings plans. |
Registered Rep.
October 1, 2004
Will Leitch |
The Rep's Ugly Friend As the industry continues its inexorable march toward "wealth management," advisors have had to add new tools to their workbenches. Among all of them, reps seem to have the most trouble getting comfortable with life insurance. |
Financial Advisor
November 2005
David J. Drucker |
Chasing The Wrong Clients? Some think that financial advisors are after the wrong group of wealthy clients. |
Registered Rep.
July 1, 2005
Kristen French |
You're Calling It What!??? After several months of deliberations and input from all 18,000 of its employees, the soon-to-be-spun-off American Express Financial Advisors selected as its new name: Ameriprise. |
Financial Advisor
March 2005 |
Frontline News AICPA Joins FPA In Opposing Exemption For Brokers... Heads Roll At CFP Board As Up To 25% Of Staff Gets Axed... American Express Spinning Off Advisors Unit... Board Of Standards Disciplines 23... etc. |
Registered Rep.
January 1, 2006
John Churchill |
Blotter Congregation Con Man... Another Fraudulent Market-Timing Bust... |
Financial Planning
January 1, 2005 |
News Digest Associations: Fiduciary Guild Debuts... Companies: Schwab Streamlines... Mutual Fund Store Grows... Investments: Hedge Funds Balloon... 529 Growth Deflates... etc. |
The Motley Fool
February 1, 2005
Rich Duprey |
It's Good to Be Warren Buffett He reaps a new windfall as American Express spins off its Financial Advisors unit with 100% of the shares going to stockholders. |
