New
Wall St. Pitch: Buy Low, Sell High and Pay Bills, Too. Brokerage
firms are no longer satisfied with managing long-term investments for
their clients. Now they want their checking accounts, too.
By Patrick Mcgeehan. [New York
Times: NYT HomePage]
"We believe very strongly that the
financial adviser is in transition to a balance-sheet adviser in our
clients' eyes," Mr. Naratil [senior vice president at UBS PaineWebber]
said. "It is going to be one of the great opportunities for brokerage
firms going forward. You can give better advice to a client if you can
understand more of their financial picture. One of the ways to do that
is to have them consolidate all of their assets with you."
Globe
and Mail: How thieves took $2,000 from my bank account.
By Jane Armstrong, The Globe and Mail Saturday, December 14, 2002
Two weeks ago, I was robbed. Twice. The
bandits struck while I was out of the country, visiting the Oregon Coast
during American Thanksgiving.
The first theft happened on a Friday
afternoon, when I would have been climbing around a rock jetty at
Rockaway Beach. The thieves got $1,000 in cash. The next day, while I
lolled on a deck chair overlooking the Pacific Ocean, they stole another
$1,000.
They didn't break into my house or steal
my purse. They ransacked a savings account using a counterfeit debit
card. My own card was safely tucked in my wallet.
9:04:37 AM 
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