Portfolio

The Colorado bank's wealth management practice is operated like a boutique high-net-worth independent RIA.

Following the financial crisis, advisers are most likely to recommend financial services companies they perceive as ethical and trustworthy, Phoenix Marketing International research shows. Conducted this past November, the Phoenix study shows that American Funds, Vanguard, John Hancock, Franklin Templeton and Fidelity command the most favorable impression among firms well known to advisers. In terms of brand recognition, advisers cited Hancock, Prudential, Vanguard and MetLife as leaders.

BNY Mellon has signed a definitive agreement to buy PNC’s Global Investment Servicing business for $2.31 billion in cash. The unit provides custody, fund accounting, transfer agency and outsourcing.

Ignores Other ARRA Programs

Ten struggling exchange-traded funds that have attracted less than $18 million, or 3% of WisdomTree’s $6 billion in assets under management, will be shut down on March 24.

Based on the strong performance Putnam Investments’ funds delivered across a wide variety of asset types in 2008, the annual Lipper/Barron’s Fund Families Survey has selected Putnam as the No. 1 mutual fund family of 61 offerings.

Financial Network, Primevest and Multi-Financial score key technology and compliance funding in Marron deal.

Based on the strong performance Putnam Investments’ funds delivered across a wide variety of asset types in 2008, the annual Lipper/Barron’s Fund Families Survey has selected Putnam as the No. 1 mutual fund family of 61 offerings.

Advisor confidence in the economy and the stock market rose in January, according to Rydex SGI AdvisorBenchmarking.

Macquarie Group has launched the Macquarie Mexican Infrastructure Fund, with approximately $5.2 billion in initial commitments from Mexican pension funds, Macquarie and Mexico’s National Infrastructure Fund, the latter of which, as a cornerstone investor in the fund, has made an initial commitment of $1.04 billion to $3 billion.