Bank Investment Consultant articles from March 2009

Bank Investment Consultant archives from March 2009

Progress Report.(bankinvestmentconsultant.com)
March 1, 2009... We've made a number of key enhancements to our website, bankinvestmentconsultant.com, that should have an immediate impact on its functionality. First, we enhanced the site's search function, which is now easier to use and you should find...

Evergreen Branches.(Branching Out In Washington)
March 1, 2009... BIC: What are the new opportunities in your territory? Avey: We're in wine country. They say the only way to make a small fortune in the wine business is to start with a large one, so there are a lot of rich people moving in. We worked with...

A Cash Cow in A Bear Market? Selling covered call options is a fairly secure way to generate returns in a down market.(Financial Planning)
March 1, 2009... Byline: Dave Lindorff Dale Anderson, a retired car dealer in Muncie, Pa., used to sell dreams with names like Buick, Mitsubishi and Saab. Now at 75, he's living the dream, working a few hours a day at home, earning 15% to 20% a year...

Small Banks, Big Gains.(Cover Story)(Company overview)
March 1, 2009... Byline: Michael Sisk Banks and brokerages across the country are reeling from enormous revenue losses and job cuts. If not for the government's capital infusion many more would be out of business. But there's a silver lining. For community...

Changed Circumstances; You can use this system to help formerly wealthy families weather dire straits.(Driving Sales)
March 1, 2009... Byline: Susan Bradley The financial crisis has brought low many formerly high-net-worth individuals who were only months ago prime prospects. That gives you, as advisors, an opportunity to distinguish yourself by helping them do more than...

Trust Officers?(Editor's Note)
March 1, 2009... Byline: Pamela J. Black, Editor in Chief Big banks are having a major image problem. People are losing their jobs and homes in record numbers, and yet they see those who seemingly caused all this mayhem get bailout help while pocketing fat...

New Products.
March 1, 2009... ETFs iShares S&P/Citigroup International Treasury Bond Fund; iShares S&P/Citigroup 1-3 Year International Treasury Bond Fund Barclays Global Investors (800) iShares ishares.com DBS Singapore STI ETF DBS Asset...

Production Numbers Hit 10-Year Low.(UpFront News)
March 1, 2009... Byline: Howard J. Stock Bank advisor productivity in November hit its lowest level this decade, according to BISA Monthly Productivity Benchmarks released on Jan. 21. The numbers, which are gathered in the Kehrer-AXA Distributors...

Madoff Costs Wells $294m.(UpFront News)
March 1, 2009... Byline: Howard J. Stock Loan defaults by Wells Fargo wealth management clients invested in Bernard Madoff's alleged $50 billion Ponzi scheme accounted for almost 12% of Wells Fargo's reported $2.55 billion fourth-quarter losses. The...

Financial Crisis Shakes HNW Retirement Plans.(UpFront News)
March 1, 2009... Byline: Paul Menchaca The financial crisis ravaging the global markets is taking its toll on high-net-worth (HNW) consumers: A majority of respondents to a recent survey are now concerned about outliving their assets. In a survey of...

Small-Biz Optimism Small-Biz Owners Get Less Pessimistic.(UpFront News)
March 1, 2009... Byline: Mike Cohn A survey of small business owners showed signs that some are less worried about the economy than they were three months ago. The survey, by payroll service PayCycle, found that 39% of the 478 small-business owners...

Many ETFs Are Expected to Close in This Tough Climate.(UpFront News)
March 1, 2009... Byline: Steve Garmhausen The 17 exchange-traded funds (ETFs) Northern Trust has decided to close will have plenty of company in the ETF graveyard before the year is out, experts predict. That's because, after rapid multiplication in...

Clients Turn to CPAs for Reassurance.(UpFront News)
March 1, 2009... Byline: Michael Cohn Clients are coming to their certified public accountants (CPA's) with concerns about their shrinking retirement savings. A panel of three CPAs who hold the Personal Financial Specialist credential talked about the...

Curveball Slugger; Brian Surovik kept growing his book while his bank collapsed around him.(Producer Profile)
March 1, 2009... Byline: Howard J. Stock Many advisors are IN FLUX these days. Brian Surovik, an advisor at Lone Star Bank & Trust in College Station, Texas, knows how that feels. Nonetheless, through mergers, conversions and a bank collapse, Surovik has...