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One of the hot topics in the field of behavioral finance is the use of heuristics -- simple rules of thumb or mental shortcuts often used to make decisions or draw inferences quickly and with minimal effort. While in everyday life these mental shortcuts help us to function quickly and efficiently, author and consultant Keith Weber says that when theyre applied to our personal finances they can often lead to poor investment decisions.
October 11
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Steve Sanduski, the Prosperous Advisor, says advisors should use the English language in inspirational ways to motivate prospects and get them off the fence to become a client. Hes not talking about slick manipulation but about choosing your words carefully so you succinctly impart your message and create a positive feeling and mental picture in your prospects mind.
October 11
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Among financial planners greatest concerns in this turbulent environment is retaining valued clients. In this high-tech era, marketing expert Marie Swift says planners should balance high-tech communications with truly high-touch communications.
October 11
Impact Communications -
New regulations requiring traders to post initial margin when clearing swap contracts through clearinghouses and outside of clearinghouses will cost financial firms $1.4 trillion in new capital charges, according to a research report released on Monday by Tabb Group.
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The Investment Company Institute is launching a global version of itself. The new trade group, called ICI Global, will work on regulatory, market and other issues for global investment funds, their managers and investors.
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Direct Edge said it is preparing to deliver a database of trade and quote history that is available anywhere, online.
October 11 -
Anova Technologies said it is rolling out a technology that will encrypt trading instructions in under one millionth of a second.
October 11 -
Bank of America Merrill Lynch has unveiled a new set of features for its 401(k) and employee financial benefit programs including new mobile access to retirement account information.
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As head of global exchange-traded fund services at BNY Mellon, Joe Keenan has a front-row seat on developments in the exchange-traded fund industry. As such, Keenan fully expects ETFs to continue their incredible success story. Money Management Executive Editor Lee Barney recently spoke with Keenan on the drivers of ETF growth.
October 10 - Money Management Executive
"It's all about the customer experience."
October 10
