Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:E*Trade Debut Not Rated 3.0 Email Routing List Email & Route  Print Print
Thursday, September 6, 2001

E*Trade Debut

Reported by InvestmentWires Staff, 

E*Trade is expected to debut its eAdvisor advice product to a limited number of clients this month. The product is the result of a joint effort with Ernst & Young. E&Y will provide its personal financial consultants for the high touch end of the alliance. The service was initially planned for late last year, but that date was the victim of technical difficulties and the economic slowdown, according to the Wall Street Journal.

* * *


What's in a title? A lot it seems. E*Trade Group may be unintentionally taking the passive route to payroll downsizing by deflating titles, suggests the Wall Street Journal. The paper reports that 16 acquisitions have left the firm with too many high-level titles. The eBroker now has roughly 85 vice presidents and directors and 300 business managers, down from around 170 and 600 before the deflation.

* * *


Prudential Securities is set to close a deal to acquire New York-based brokerage house Gruntal & Co., reports the New York Post. The paper reports a price tag in the $60 million to $70 million range. Gruntal was last in play a year ago, but went off the market after talks with Questor Management Company broke down. Chase's Beacon Group is the advisor for Gruntal.

* * *


AIG will cut staff after it acquires American General. The 1,500 job cuts will be spread over the next 12 to 18 months. The combined firms now employ 85,000.

* * *


Value funds continue to perform best through August, according to Standard & Poor's. Telecommunications services and technology funds showed the sharpest declines in August. The average US equity fund dropped 15.4 percent compared to a 13.5 drop in the S&P 500 index and a 26.9 percent plunge in the Nasdaq.

* * *


Deutsche Asset Management (DeAM) hired Steven L. Bossi, and Lance B. Babbit as directors in its Fund of Funds team reporting to Ray Nolte. It also promoted Mustafa A. Jama and John J. Gallagher, Jr. to director in the group. Bossi had been president of AI International, while Babbit joins DeAM from Banc of Americas Securities in San Francisco where he was vice president.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

3.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2025: Q3Q2Q1
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. MFDF Director Discussion Series - Open Forum, July 9
  2. ICI webinar - The Digital Future of Asset Management: Current State and Regulatory Landscape, July 10
  3. MFDF webinar - Mid-Year Tax Update for Registered Investment Companies, July 10
  4. MFDF Director Discussion Series - Open Forum (Philadelphia), July 15
  5. 2025 MMI Women in Advisory Solutions Forum, Jul 15-16
  6. Nicsa webinar - How Trusted GenAI is Transforming Data Access in Asset Management, July 16
  7. MFDF webinar - M&A and Consolidation in Asset Management, July 16
  8. MFDF webinar - ETF Conversions, July 17
  9. MFDF Director Discussion Series - Open Forum (New York), July 22
  10. MFDF Ask Anything webinar - AI Edition, July 24
  11. MFDF webinar - Use of Derivatives by RICs, July 29
  12. MFDF Director Discussion Series - Open Forum (Columbus, Ohio), August 20
  13. Samfund Soiree Boston 2025, August 21
  14. MFDF webinar - The Audit Committee Chair's Guide to Balancing Duties and Emerging Issues, September 3
  15. ICI ETF Conference, Sep 8-10
  16. Nicsa webinar - Reimagining Reconciliation: AI, Regulation, and Capital Markets Transformation, September 10
  17. MFDF webinar - Series Trust Funds - Compliance and Board Reporting, September 10
  18. MFDF In Focus - Board Oversight of DEI in Current Landscape, September 11
  19. MFDF webinar - MFDF 15(c) White Paper Webinar Series: Part 4 – Enforcement Action Takeaways, September 16
  20. MFDF webinar - Latest in Closed-End Funds Litigations, September 23
  21. MFDF webinar - Fixed Income Insights: Navigating Market Trends & Opportunities, September 24
  22. MFDF webinar - Risk Management Essentials for RICs and Boards, September 29
  23. MFDF webinar - Diligent - Tools for Fund Board Book, October 1
  24. 10th annual Fuse Forum, October 8
  25. MFDF webinar - Essential Strategies in Board Oversight of Operational Risk Management, October 14
  26. 2025 MMI Annual Conference, Oct 15-17




©All rights reserved to InvestmentWires, Inc. 1997-2025
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use