Bank Investment Consultant articles from June 2006

Bank Investment Consultant archives from June 2006

Virtual Reality.
June 1, 2006... While many banks include financial calculators on their websites to encourage visitors to calculate their retirement savings shortfalls, it turns out consumers aren't impressed. They don't think banks are going far enough with their online...

Bank Insurance Revenue Healthy in 2005.
June 1, 2006... Total insurance revenue at bank holding companies (BHCs) grew by nearly 19% to $44.1 billion in 2005, according to a recent survey by Michael White Associates and the American Bankers Insurance Association. The biggest BHCs led the way, earning...

Indexed Annuities Sales Hit $1.6 Billion at Banks.
June 1, 2006... Banks sold almost $1.6 billion in indexed annuities in 2005, up 67% from $932 million in 2004, according to a new report by Kenneth Kehrer Associates and Midwood Financial. Indexed annuities now account for 7.1% of all annuities sold through...

FDIC Insures Retirement Accounts to $250,000.
June 1, 2006... While it hasn't been widely reported in the media, the Federal Deposit Insurance Corp. (FDIC) raised coverage limits on certain kinds of retirement accounts from $100,000 to $250,000. The change primarily affects traditional and Roth IRAs,...

Clarification.(Correction notice)
June 1, 2006... The mutual fund data reported in last month's story, "2005: Another Tough Year for Banks," comes from the Kehrer-Accessor Bank Mutual Fund Survey. (c) 2006 Bank Investment Consultant and SourceMedia, Inc. All Rights Reserved....

Product News.
June 1, 2006... The American Stock Exchange and Victoria Bay Asset Management have listed the first crude oil-based fund. The fund tracks the primary oil benchmark in the U.S. and also purchases futures contracts for crude oil and other petroleum-based...

Tools & Resources.
June 1, 2006... Frederick Kobrick, a notable fund manager and stock picker who has presided over some of the industry's best performing mutual funds, has released The Big Money, published by Simon & Schuster. Kobrick uses anecdotes and examples to demonstrate...

North Star Rising: How TD Banknorth's Anne Dunne built an award-winning investment program.
June 1, 2006... TD Banknorth's investment program has ballooned in size over the past decade, grabbing up its parent company's acquisitions at a steady pace to grow from a three-man operation in 1996 to one that includes 85 registered advisers and 100 platform...

Beyond the Gold Watch: Advisers must become experts at income planning if they are to meet the needs of retiring baby boomers.
June 1, 2006... The wealthiest generation in history is about to retire, and everyone wants a piece of their business. The statistics are so well known by now that they're almost cliches-there's a one-in-two chance that one spouse in a married couple will live...

The Good, the Bad and the Ugly.
June 1, 2006... A Maritz Research poll found that 74% of recent retirees have either reinvested their retirement savings in an IRA (41%) or are in the process of looking for a new provider to manage their funds (33%), while the rest are content to leave their...

The Mechanics of a Financial Plan.
June 1, 2006... So how exactly does the financial planning process work? To illustrate his process, Dean MaKinster, a planner for First Horizon/First Tennessee in Memphis, Tenn., cites a married couple, both aged 55, who came to see him recently wanting to...

Mining Data to Grow Sales: How banks are finding ways to leverage the information they already have to grow investment business.
June 1, 2006... Technology is opening up new ways to segment customer bases for maximum marketing impact. There are ever-expanding privacy rules to abide by, but from a targeting perspective, data mining yields interesting-and often unexpected-results. ...

Family Planning: Bringing your progeny into your practice can be the best form of succession planning.
June 1, 2006... Financial planners would be remiss not to discuss business continuity and succession planning with clients who own their own businesses. After all, such planning is critical to insure a comfortable future for the loved ones they might leave...

Modern Portfolio Theory.
June 1, 2006... This article, the first of two describing theories and techniques for managing investment portfolios, is part of a series of monthly columns presenting lessons from a certificate course offered by the Investment Management Consultants...

Breaking Into the Media: Three steps to getting your first interview and establishing yourself as a local expert.
June 1, 2006... I will let you in on a secret that could have a big impact on the future success of your business: People want to invest their money with a "financial expert"-someone who is recognized and known through the local grapevine as a go-to money...

How Does Your Garden Grow?: Advisers in New Jersey use diverse business strategies to tap their banks' client bases.
June 1, 2006... New Jersey-based advisers Michael Mulligan at Greater Community Bank in Totowa and Bob Walen at First Hope Bank in Sparta, both of whom are Raymond James reps, discuss the secrets to a healthy business. BIC: Tell us a little about your...