Daily News Analysis
14 June 2013
A company providing an online wealth management service that allows investors to copy the holdings of smaller hedge funds has raised $12. 75 million in a series B financing round . Investors in the round included Union Square Ventures, Spark Capital, Amadeus Capital Partners, and Bay Partners The firm, Covestor, aims to get investors access to smaller managers which it says are “more nimble and can outperform larger hedge funds,” according to Sanjoy Ghosh, its chief investment officer.
11 June 2013
Satuit Technologies has released a cloud-based client relationship management platform aimed at bringing down the cost of business development for smaller wealth managers and advisors. SatuitCPM includes traditional CRM features, statement and report generation, document management, expense management and a client portal . It is integrated with Outlook and can be run on a desktop or tablet device.
13 May 2013
Russell Investments has launched the Asset Class Dashboard, an online tool the firm said can help advisors “establish context and perspective” with clients when evaluating asset class performance. The Asset Class Dashboard compares current 12-month returns to historical and typical returns for a sample of asset classes, represented by their relevant indexes . The dashboard gives a visual representation of these returns, helping to simplify comparisons.
7 May 2013
John Hancock Funds, the Boston, MA-based mutual fund business unit of John Hancock Financial, has launched the iDiversify app, designed to help financial advisors talk to investors about porfolio diversification. The app allows users to explore the performance of some 23 equity, fixed income and alternative asset classes, and compare how a diversified portfolio would have performed over a specific time period . "iDiversify shows at a glance how different asset classes have performed in different market environments, including the benefits of incorporati.
7 May 2013
Two subsidiaries of Charles Schwab have launched upgrades to their technology offerings. Schwab Performance Technologies has launched PortfolioCenter Hosted, a combination of portfolio management software and outsourced infrastructure . This means RIAs can outsource physical infrastructure (servers, back up equipment, hardware, secure premises) combined with software administration (updates, upgrades, IT consulting/support services).
25 March 2013
Relevancy, transparency and ease of use emerged as goals for wealth management firms to strive for in delivering client-centric communications at a recent event of industry leaders held in New York.
14 March 2013
Tech vendors still have everything to play for when it comes to revolutionizing advisor-client interactions, new research from MyPrivateBanking has revealed.
12 March 2013
In this digital age, with stories of data thefts, security breaches and zealous government assaults on what they see as illegitimate secrecy, the issue of how to handle data protection is one of the most important facing the wealth management industry.
13 February 2013
In the first of a two-part feature, this publication explores how small and large wealth managers alike are making use of social media channels in advertising and marketing.
8 February 2013
This publication recently spoke to a number of wealth management executive search firms about their views about trends in the industry and issues to watch this year.
News and Features
Comment and Analysis
The rising level of financial sector regulation means that fewer firms will be able to offer the full suite of wealth management products, according to the RBC/Capgemini World Wealth Report.
19 June 2013
Here Diane Harrison, principal and owner of Panegyric Marketing, argues that the debate over fees in the hedge fund industry often focuses on the wrong topics.
20 March 2013
Here, Jimmy Chang, a senior portfolio manager and a managing director of Rockefeller & Co, discusses some issues around investing in the current environment.
4 April 2013
The period between 2008 and 2012 saw an uptick in risk reviewing business at New York’s Rothstein Kass Family Offices Group, says partner Evan Jehle.
9 April 2013
Building functionality into a family’s business affairs involves defining each person’s role but it’s never easy to think differently about family members who were children at the dinner table, but are now adults around the board table.
8 April 2013
Marc Odo, director of research at software and business intelligence firm Informa Investment Solutions, discusses why diversification failed during the credit crisis.
25 March 2013