John Thain Resigns from Merrill – Time for Merrill’s Brokers to Go Independent.

How much more carnage can we expect from the Bank of America and Merrill Lynch scenario? Brokers in the old titan of industry must certainly be scrambling by this point to reevaluate their next career move and independence seems to be a pretty attractive option.
For brokers and branch managers with solid books of business, now [...]

Tough Economic Times are when Ideas are Born – Like Going Independent.

The guide book for entrepreneurs by Donny Deutsch talks about times like this when new businesses should get started. One of the advantages these conditions bring is that you can negotiate with suppliers, vendor, landlords, government incentives etc…
There’s also something to be said about the hesitation we have about the grand institutions and what was [...]

Growth on Wall Street is in the Brokerage business / Advisory

Monday’s departure of a head Merrill exec (McCann who was well liked by
the Merrill brokers) as well as the frustration of brokers with their
low bonuses this year means there could be a lot of top talent looking
for an alternative: 2009 is the year for the independent broker!
“The growth business right now on Wall Street is [...]

2009 – The year of the Independent Broker & Adviser

2008 is behind us, the new year is hear and the upcoming administration has some big shoes to fill and problems to solve in the coming starting one day one. For the more independent minded individual, change is not something the government provides but rather you provide for yourself.
The independent broker is a highly motivated, [...]

The Bridge to Obama

The bridge to Obama is exactly what Bush spelled out on Friday when he announced his executive decision to throw $15 billion of TARP funds towards the automakers.
By doing this he’s accomplished a few things – the fall of the America’s automakers won’t occur under his watch, and this being an executive decision, it makes [...]

The Breakaway Broker is Alive and Well.

That should’ve been the title and the direction for the Jed Horowitz latest piece titled Brokers in no rush to go independent published on Dec. 7 in Investment News. While the prospect of going independent may be daunting, I think it’s a little a more nerve wracking to set in a marquee wirehouse wandering when [...]

Tony’s Blog Post 2008-12-01

Tony’s blog post

Market Wrap for 11/21/08

Markets hate uncertainty! Shortly after the announcement of the upcoming administrations Treasure Secretary, Geithner, the markets rallied nearly +500 points closing the day at 8046 just barely back above 8000.
The Nasdaq finished up 68 point to close at 1384 and the S&P up 47 to wrap the day up at 800.
Citigroup however had a [...]

Market Wrap for 11/19/08

Dow closes at the lowest point in over 5 years losing -424 points to finish off the day at 7997
The Nasdaq dropped –96 points closing at 1336 while the S&P 500 lost –52 point to close at: 806
Lawmakers continued to question the Detroit Big Three.

Professional Social Networks are buzzing

“Professional” social networks—that is, the ones you’re supposed to be using for reasons other than hooking up or playing Scrabble with old classmates—are making steady popularity gains, as of late. Sites like LinkedIn and Xing have grown this year, along with other social networks, but have become some of the fastest growing sites of the [...]

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