News Feed

Despite the fact that social media is critical for marketing and growth of financial advisory practices, a significant number of advisors are still concerned about using social media for compliance reasons, according to a Peak Advisor Alliance survey released on Wednesday.

Putnam Investments has won a sub-advisor mandate for two fixed income funds from Mackenzie Investments with $1.75 billion in assets under management. The two funds are the Mackenzie Sentinel Corporate Bond Fund and Mackenzie Sentinel Registered North American Corporate Bond Fund.

Money Management Executive, a SourceMedia publication for executives in the asset management industry, is proud to announce the 9th Annual 2011 Fund Operations Awards, now called The NOVAs, with a number of exciting changes to the program.

The difference between non-traded and private REITs depends on the real estate objective. Private REITs are Regulation D private placement offerings, which do not require a public registration filing. The shares can only be purchased by accredited investors and typically offer the potential for larger overall returns.

Matthews International Capital Management has launched the Matthews China Small Companies Fund.

Some financial planners take a strategic approach to REITs while others use them tactically, with some seeking the best of both worlds

A vast majority, 86%, of the 800 institutional investors and corporate executives surveyed for BNY Mellon believe there are significant opportunities for stock market growth. However, 58% think there are major downside risks preventing them from taking advantage of those opportunities, the survey, conducted by the Economist Intelligence Unit, found.

While the outlook for the global wealth industry continued to improve in 2010, wealth managers need to refine their pricing models to best prepare for future growth, according to a new study from Boston Consulting Group.

American Century Investments has hired Peter Cieszko as senior vice president. In this newly created position, Cieszko will be responsible for all institutional and intermediary sales in North America, including wirehouses, regional and independent advisors, RIAs, banks, insurance companies, corporate and public pension plans, endowments and foundations. Reporting to Michael Green, head of global client relationships, Cieszko will join the company later this summer.

Long-term municipal bond issuance is half of what it was a year ago, with volume down 51% through the end of May versus the same time last year.