Answers
I have stocks with a investment company. My investment broker left that investment company and went to a different investment company to work. He took the names of his clients with him to his new company was this legal? Is it safe to move my stocks to his new company?
That depends on his contract with his old employer. It's not against the law IF it's not stipulated in his contract. Otherwise it would be theft of intellectual property
Mark Fisher of MBF Clearing corp. explains inter-bank credit and/or transaction risks. A large part of this financial crisis has to do with the ...
How has that role of investment broker changed since the inception of on-line investing?
They have become more of investment advisors.
I'm interested in real estate and I love houses, but an investments broker seems like a more stable job. I am graduating with a degree in business administration (management), and don't know which I should lean towards. Edward Jones is calling me back in a month to see if I want to start training with them. In the long run I'd like to make enough money to invest in rental properties.
Start with Edward Jones. To sell houses you have to go back and get another license. Honestly though, selling homes is different from loving homes. It's more of a supplement income, not a full-time job.
I have decided to switch my CDs over to mutual funds. My bank has set me up with a broker that works for the investment side of the bank. To me, he seems like a salesman. I dont know much about stocks, etc. How much should I trust this type of broker with my life savings? Do these guys really know what theyre talking about? Do they take their jobs seriously or do they just try to sign up as many customers as possible? He seems to listen to my needs pretty attentively, but I cant tell if its an act because he wants my account.
Usually these guys genuinely care about their customers...there are some who only care about their sales quotas. It is going to be that way any investment firm you go to. Shop around some, find someone you are comfortable, but I will suggest that you find someone you don't have to pay an annual fee to go to...it is ridiculus to pay someone to manage your money, they get a big cut from the investment companies they sell your investment to. There are some out there that charge large fees (Amex investments) and your bank probably doesn't.
which one makes better money?
and what type of education is needed to be that broker?
a stock broker is an agent, he matches up buyers and sellers on the stock market. he buys and sells on behalf of the customer and charges them a fee. investment broker or investment advisor is similar to a stock broker but a stock broker may or may not be an investment broker/adviser
The average salary for a stock broker in the United States is around 51,000 dollars a year.
There is no particular education requirement. Successful stockbrokers have come from all backgrounds and walks of life, ranging from the high school drop-out to the Harvard MBA!
Big firms are changing their retirement-income strategy
It’s a brave new world. Some of the largest financial-services firms are rolling out products and services that address the new world order – an order that finally admits that saving and investing for retirement are very different than producing income in retirement.
Case in point No. 1: Merrill Lynch Global Wealth Management, a subsidiary of Bank of America, today rolled out ”My Retirement Income,” a program that helps Merrill’s brokers create customized retirement-income plans that feature three investment buckets. The program also connects clients’ brokerage accounts with their Bank of America banking accounts.
Case in point No. 2. UBS just published a white paper that says investors planning for retirement should create – you guessed it – three investment buckets.
Case in point No. 3: Allianz Global Investors is planning to roll out a series of tools and educational materials over the next year to help its top wire-house and independent broker-dealer clients train advisers in talking to clients about retirement income, according to InvestmentNews.
SEC Charges Promoter, Brokers in Real Estate Investment Scheme ...
Washington, D.C. - infoZine - The Securities and Transfer Commission today charged an Oak Beach, N.Y.-based corporeal capital funds promoter and the former president of a broker-tradesman determine in Smithtown, N.Y. for orchestrating a multi-million dollar natural estate of the realm investment hatch. The SEC also charged two brokers at the undeviating with selling unregistered securities by means of "cost-free lunch" seminars they hand-me-down to charm advanced in years investors into making the touch-and-go investments. SEC Chairman Mary L. Schapiro announced the enforcement liveliness during remarks she made at a forum in Washington D.C. sponsored by AARP and the Country-wide Consumers League. When discussing elder deception, Chairman Schapiro celebrated that the SEC has brought as good as 70 enforcement actions during the lifestyle three years against fraudsters targeting decrepit investors. According to the SEC's grumble in this envelope, filed in federal court in Brooklyn, N.Y., the investment outline poised more $12 million from approaching 90 investors while the promoter made numerous misrepresentations, including that the reciprocation was more than 50 percent on the transaction of some properties in which they were investing. The SEC also alleges that the official demesne funds promoter, Charles C. Slowey, Jr., misappropriated more than $1 million of investor funds in such ways as charging unreasonable directing fees and winning out an interest-open intimate advance to gain his own accommodation. George S. Canellos, Guide of the SEC's New York Regional Appointment, added, "Although advertised as pedagogical workshops, so-called open lunch seminars are very often sales presentations in appearance. These men tempered to these theoretical instructive seminars to allure retirees with misrepresentations and win over them to sink in touchy tangible caste ventures. And while those ventures were losing in money, Slowey helped himself to investor funds to buy true resources of his own." The SEC charged four entities elaborate in the wile. Endeavor Partners LLC and Endeavor Smashing Administration Put together LLC,...
News
Bank of America Broker Betrayed Trust - Retirees ClaimReuters - Oct 26, 2009
of America Investment Services should have detected and prevented the Broker's unsuitable recommendations in unregistered securities that were illiquid, and more »MarketWatch - Oct 26, 2009
out ”My Retirement Income,” a program that helps Merrill's brokers create customized retirement-income plans that feature three investment buckets. Merrill Lynch Global Wealth Management Introduces Comprehensive Retirement all 29 news articles »Consumer Affairs - Oct 22, 2009
In the wake of the Bernard Madoff swindle, law enforcement officials continue to level charges against investment brokers they say violate not only the law, Former broker faces six larceny countsall 14 news articles »Reuters - Oct 26, 2009
PicksThatMove.com is not a registered investment advisor or broker-dealer. PicksThatMove.com`s affiliates, offices, directors and employees may buy and sell and more »Sacramento Bee - Oct 26, 2009
One of the donors was Fred Buenrostro, a former California Public Employees' Retirement System chief executive who's since gone to work as a broker for calpers deals stink like a dead whaleall 12 news articles »