Portfolio

AlphaOne Capital Partners, a hedge fund and alternative investments boutique founded by former Gartmore CEO Paul J. Hondros, has selected SEI to provide a complete outsourcing solution, including a full range middle- and back-office services.

America’s millionaires are bouncing back. The number of U.S. households with a net worth of $1 million or more, not including their primary residence, grew 16% to 7.8 million in 2009, up from 6.7 million the year before, Spectrem Group’s “Affluent Market Insights 2010” report shows. In 2008, the millionaire population declined 27%.

While workers’ confidence in their ability to retire and at least pay for basic expenses has rebounded since the start of the recession, Americans clearly are not setting their expectations high enough.

Guaranteed living benefits may now be synonymous with variable annuities, but unless insurers rein in costs and restore benefits, sales may continue to slide.

The company launched an FDIC-insured, high-yield online savings accounts and certificates of deposit.

All-time low interest rates and tight credit could make the family bank the lender of choice for the wealthy.

“You’ve taken all my money,” gunman said

But the Regions wealth management unit refuses to roll over.

House Counsel: 28% Rate Unlikely

As the market has, indeed, rebounded nicely, Congress is likely to reinstate the RMDs this year, experts say.