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St. Louis-based Stifel Financial announced that it will be giving $1,500 bonuses to most of its 7,000 salaried employees in early 2018, The St. Louis Post-Dispatch reports. Stifel CEO Ron Kruszewski wrote in an email to employees that the "additional $1,500 payment is in recognition of your hard work and efforts this year to make Stifel a success." ...
Clients Need To Be Reminded "Cash Is Not King" In Citi Private Bank's 2018 outlook report, the bank said most conservative global asset allocations have a 6.2 percent strategic weighting in cash. But the bank frequently sees clients with higher risk levels holding cash allocations of 30 percent or more. ...
Elderly “Hermit” Made Financial Advisor Sole Beneficiary; Family Calls Foul A dispute in Milwaukee between the family of a recently passed “hermit” worth some $1.6 million and his fee-based investment advisor and insurance rep., who has claimed the inheritance, has spilled over into the courts. ... |