Money Management Executive Latest News

NEW YORK-"We are not in a death spiral, like we were in 2008 with Lehman Brothers," maintained Scott Migliori, U.S. chief investment officer of RCM, an asset management firm that is a member of Allianz Global Investors.

Managers of U.S mutual funds, separately managed accounts and other asset pools are pretty concerned about whether they calculate their risk exposure and performance results correctly and report correctly to regulators and clients.

The latest entrant into the wealth management arena comes not from Wall Street but from just outside Silicon Valley, and is taking dead aim at the Internet brokerage space for higher-end investors with a slick Web-based dashboard, holistic account monitoring and a stable of financial advisers to complement the technology with a human touch.

As UBS AG continues to grapple with the fallout of its rogue trading scandal, UBS Wealth Management Americas Chief Executive Robert McCann has moved to reassure the firm’s U.S.-based financial advisers that its wealth business is “stronger than ever.”

Fidelity Charitable has created an array of seven investment options offering diversification across asset classes and risk. In addition, Fidelity Charitable has created an online tool to help investors make investment decisions.

Credit Suisse has launched the Credit Suisse Global Equity Market Neutral ETN, its fifth alternative exchange-traded note.

Putnam Investments has developed a new website for financial advisers featuring sophisticated, open-architecture portfolio modeling tools (www.putnam.com/advisor). The site builds upon a series of practice management recommendations, links to Putnam’s social media sites, articles and videos of the company’s investment professionals discussing their investment outlook and the firm’s analytical tool FundVisualizer, which can model a portfolio from a universe of more than 11,000 mutual funds and ETFs.

Morningstar will begin ranking and researching managed ETF portfolios by the end of the year, the research firm announced at its second annual ETF Invest Conference in Chicago Thursday.

The Conference Board Leading Economic Index rose 0.3% in August, following a 0.6% gain in July and a 0.3% increase in June.

Bank of America Merrill Lynch wealth management executive John Thiel unveiled a new plan that restructures the firm’s U.S. wealth management business in a memo to employees on Wednesday.