Investments

On June 27, 2012, New York-based American Independence Financial Services, LLC today revealed that effective June 29, the RIA team led by Richard "Rick" Baird would become principal portfolio manager for its Large Cap Value strategy, including the American Independence Stock Fund.

The Dow Jones Industrial Average moved up 93.24 points Wednesday to close at 12,627.01 while the Nasdaq and S&P 500 picked up 21.26 points and 11.86 points, respectively.

Investors pulled an estimated $1.85 billion from U.S. equity funds the week ended June 20, almost three times the $620 million withdrawn a week earlier.

On June 27, 2012, Morgan Stanley Smith Barney is rolling out LinkedIn and Twitter to its full 17,000-member financial advisor force with the aim of helping to make time spent in front of the computer more effective than cold calling client prospects.

On June 27, 2012, Chicago-based Aston Asset Management, LP has added the ASTON/River Road Dividend All Cap Value Fund II (ADVTX N Class)(ADIVX I-Class) to its family of funds.

As if on cue, the economy has once again stalled after a promising first quarter, just as it’s done for the past three years.

Wealth managers are making alternative investments more of a priority to meet the expectations of their clients and help grow total assets under management.

Citi has been awarded a contract renewal of its fund services to Victory Capital Management and to the Victory Funds.

Manning & Napier has rolled out a suite of 10 actively managed target date funds which will invest in a variety of exchange-traded funds.

It's been more than a year since Richard Davies joined Russell Investments as Managing Director- Defined Contribution.

The Dow Jones Industrial Average gained 32.01 points to finish at 12.534.67 Tuesday while the S&P 500 and Nasdaq added 6.27 points and 17.90 points, respectively.

On June 26, 2012, Manning & Napier has rolled out a suite of 10 actively managed target date funds which will invest in a variety of exchange-traded funds.

On June 26, 2012, State Street Global Advisors today released its mid-year exchange-trade fund report, dubbed 2012 ETF & Investment Outlook: Sinking or Swimming?

On June 26, 2012, The Aquila Group of Funds has hired Peter Warren as Regional Sales Manager covering the Northeast.

On June 26, 2012, Citi today said it has been awarded a contract renewal of its fund services to Victory Capital Management and to the Victory Funds.

For advisors and investors dying for better yields and greater investment flexibility, these seven dividend-focused ETFs could be worth a second look. Also see: 6 Simple (But Important) ETF Trading Tips 10 Gigantic Mistakes That Can Cripple Your Clients’ ETF Portfolios 10 Undervalued, Dividend-Paying Stocks 10 Dividend-Paying Stocks Your Clients Will Want

On June 26, 2012, Putnam Investments today unveiled a trio of new hires in the defined contribution investment-only and DC advisor-sold channels.

On June 26, 2012, United Technologies Corporation has taken the retirement income plunge with the launch of the Lifetime Income Strategy, a customized age-based default investment option designed by AllianceBernstein.

John Hancock has beat out Fidelity Investments and ING for bragging rights as defined contribution investment-only manager top dog, according to a study by Cogent Research.

The T. Rowe Price Personal App for iPhone and iPod touch provides investors the opportunity to manage their accounts and view fund information on the go.