Word: brokering
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...mutual-fund business, biggest is very often best. Not only will well-established outfits like the Vanguard Group, American Funds and broker Merrill Lynch probably still be in business when you retire, but they also offer a plethora of funds and a wide range of services--from retirement planning to checking accounts. Says Dan Wiener, editor of Independent Advisor for Vanguard Investors, which tracks funds managed by the Vanguard Group: "There is a desire to be all things to all people. It's the supermarket approach...
MERRILL LYNCH, New York; 800-637-3863. Yes, the big bull sells mutual funds as well as stocks--118 proprietary funds, including closed-end and offshore. Of course, the old caveat applies: you buy from a broker, you pay a broker a commission--or, since it's a fund, a load...
...source of the new hope is the experience of Patricia Haut, a former real estate broker from Auburn, Michigan. Eleven years ago, Haut, then 44, was found to have a slowly progressing but often fatal form of B-cell lymphoma, a disease that afflicts the very white blood cells that make antibodies in the first place. Like most patients, she initially responded to chemotherapy. But after each treatment, the cancer recurred. Then three years ago, as her remissions grew ominously shorter, Haut enrolled in an experimental trial of monoclonal-antibody therapy at Michigan. Over the course of five weeks...
...brat tennis. She was ahead of her time in other ways too. At 29, she was the youngest player inducted into the International Tennis Hall of Fame, having quit eight years earlier, plagued by a sciatic-nerve problem. Two comebacks later, she retired for good. Now married to mortgage broker Scott Holt, she had their first child, Dylan, in April. Today she does TV commentary and plays in the Virginia Slims Legends Tour. Austin also runs a pro-celebrity tournament to benefit a children's health center in California. She encourages young players to judge for themselves when to join...
...case. Twenty-one states have laws which require insurance companies to disclose their reason for rejecting applicants, but Mississippi is not among them. The insurer argues that it is not responsible for informing its clients of such life-threatening information. Said an attorney for the firm: "Allowing a stock broker to jump out of an open window when one could have stopped him might be morally reprehensible, but it does not pose a legal obligation to do so." Terence Nelan