Bank Investment Consultant articles from August 2008

Bank Investment Consultant archives from August 2008

Seasons Change.
August 1, 2008... Allow me to introduce myself. I'm Pam Black, editor in chief of Bank Investment Consultant. I have been working behind the scenes on BIC for the past year and have finally been freed up to focus on growing the magazine. This is an exciting...

Talking Politics.
August 1, 2008... BankInvestmentConsultant.com now features two new channels to keep you up-to-date with political developments relevant to your practice and to provide you with talking points. Election 2008 brings you coverage of the candidates' proposed...

Is the Boomer Market Opportunity Overblown?
August 1, 2008... As Baby Boomers move into their 60s, banks' wealth-management divisions have reason to be excited. At least, that's what conventional wisdom has held for years now. But what if that oft-cited number of 78 million Boomers, retiring in the next...

Subprime Whacks Bank M&A.
August 1, 2008... Bank balance sheets have been pummeled across the board by the credit crisis, simultaneously creating a slew of acquisition targets and a dearth of banks with the cash to acquire rivals. As a result, merger-and-acquisition (M&A) activity among...

First Tennessee Moves Advisors to Fee Platform.
August 1, 2008... First Tennessee/First Horizon's wealth management program may have been slowed by the slumping stock market, but the bank hopes that its new fee-based platform, First Tennessee Advisory Services, will reinvigorate its business. The...

Small Steps Can Reverse Retirement Income Shortfall.
August 1, 2008... Retirees need to replace 126% of their final pay at retirement in order to cover rising healthcare costs, longevity risk, and declining pension and medical benefits, according to a July 1 report by Hewitt Associates, a consulting firm in...

Going Green: Growing awareness of environmental issues, combined with skyrocketing oil prices, haS spurred Investors' interest in Green investing-and they're profiting from it. Are you ready to answer clients' questions about this blossoming trend?(Company overview)
August 1, 2008... A QUESTION: If more than half of your clients were keen on making a particular investment, and needed your help, would you provide it? The answer is simple: Of course. But according to a recent Roper poll, investors are extremely interested...

Narrow Target: How Ann Coffey wins over high-net-worth owners of concentrated stock positions.
August 1, 2008... Ann Coffey, an advisor at Compass Bank, was trying to rally the troops on a slow Saturday afternoon at one of the bank's Houston branches. The staff had been there all day and wanted to go home. Coffey was ordering pizza and beer to boost...

Active ETFs Hit the Market: Actively managed exchange-traded funds have finally arrived, but their effectiveness so far is up in the air.
August 1, 2008... It took more than a decade of negotiating to get Securities and Exchange Commission approval, but actively managed exchange-traded funds (ETFs) finally came to market this year. Although the new funds operate under strict transparency...

New Products.
August 1, 2008... ALTERNATIVES Nomura Global Alpha Fixed Income and Advanced Risk Management Nomura Asset Management (212) 667-1058 www.nomura.com iSectors Post-Modern Portfolio Theory Asset Allocation Models Sumnicht and Associates ...

Hand-Holding in Tough Times: How to help concerned clients survive-and maybe even thrive-during the slump.
August 1, 2008... These are frightening times. In July the Dow dropped 20% from its October high, as the price of gas rose to more than $4 a gallon. And as the housing market and the dollar continue to fall, basic food prices are increasing at alarming rates....

Give Yourself a Break: Knowing when-and how-to take time off work makes for a more productive practice.
August 1, 2008... It tells you something about a society's priorities when the incidence of people dropping dead at their desks is commonplace enough to merit its own word. The Japanese call it karoshi, which translates as "death from overwork." Well...

Robbing Peter to Pay Paul: Bankers fear that brokerage business depletes deposits, but are their concerns overblown?
August 1, 2008... When banks started getting into the wealth management business in the mid-1980s, there was a broadly held -and very real-concern that they would be cannibalizing their deposit base for the sake of mutual fund or annuity sales. But a recent...

Garden State Growth.
August 1, 2008... BIC: What new or unique opportunities are there in your territory? Mulligan: Valley National Bank is merging with Greater Community Bank. Our territory is going to expand from a 16-branch network in New Jersey to a 194-branch network...