Word: broker
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...stands now, broker-client is the most one-sided of all human relationships. Before you can open an account, brokers make you fill out a questionnaire in which you must reveal your net worth (something you wouldn't tell your best friend) and whether you are a gambler or a tightwad -- all in the interest of designing a custom-made portfolio. At the end of this inquisition the broker knows a great deal about you, whereas you know almost nothing about the broker. Then you hand over your life's savings to this total stranger...
...After law school I hope to become a power broker," said T.O. Whenhan, a student at Mount Allison University...
...power broker is assuming the role of the Republican Vision Man. Furthermore, with a demoralized Democratic Party facing ominous elections, Newton Leroy Gingrich may soon get a lofty title to match his aspiration -- Speaker of the House in the 104th Congress. (Gingrich is already set to be leader of House Republicans once minority leader Robert Michel retires at the end of the year.) If the G.O.P. has a net gain of at least 23 new seats, Republicans will have more than 200 votes in the House for the first time in 36 years. That would give conservatives effective...
Small wonder that some investors have become confused about the true nature of what they hold. Unable to parse the prose of the typical prospectus, fund clients must often rely on the advice of sales personnel who may know little about derivatives . "My broker didn't have the full story," asserts Andrea Lingenfelter, a Seattle Ph.D. candidate in Chinese history whose $200,000 divorce settlement has dwindled to $140,000 after a little more than a year in the Piper Jaffray fund. Her goal had been to park the money for several years until she got her degree from...
...shows that three funds are now paying more than 5 percent. The top performer is Benham's Prime Money Market Fund, based in Mountain View, California, which was yielding 5.12 percent. In second place, yielding 5.09 percent, is the Olde Premium Plus Money Market Series, available through the discount broker Olde. The Dreyfus Basic Money Market fund is third, with a 5.02 percent yield. The average money-market fund is paying only 4.35 percent, up from 4.29 percent last week, according to the weekly report by IBC/Donoghue...