Investment News articles from August 2006

Investment News archives from August 2006

Alternatively weighted indexes: Strategy or benchmark?(Other Views)
August 7, 2006... Byline: Dodd Kittsley Alternatively weighted indexes have been a hot topic in the financial press of late. The recent surge in the issuance of new exchange traded funds based upon these largely unfamiliar indexes has made the already...

Paulson changes subject to Social Security.(Reverse Spin)
August 7, 2006... Byline: Charles Paikert The pension reform and estate tax bills got all the attention in Washington last week, but new Treasury Secretary Henry Paulson also got into the act, placing Social Security - another perennial hot-button issue -...

Worldwide Fund continues to disappoint Janus; Company takes action to improve performance.(News)
August 7, 2006... Byline: Kathie O'Donnell BOSTON - Janus Capital Group Inc.'s retail mutual funds' performance versus that of their average peer is better than it has been in more than five years, but two funds - one of them the $4.3 billion Janus...

NASD amends controversial deferred VA rule; But some in industry continue to fight over suitability requirements.(News)
August 7, 2006... Byline: Dan Jamieson IRVINE, Calif. - Although NASD has amended a controversial proposal that would boost standards involving the sale of deferred variable annuities, some industry interests continue to put up a fight. In comment...

Pension bill seen as good for advisers; Effort to raise estate tax threshold fails in Senate.(News)
August 7, 2006... Byline: Sara Hansard WASHINGTON - The pension bill passed by Congress will be a boon for financial advisers, some say, though they question how well a new requirement for computer modeling of investment advice for 401(k) plans will work....

One on One With Daria L. Foster of Lord Abbett & Co. LLC.(One on One)
August 7, 2006... Byline: David Hoffman The line between institutional and retail investors is blurring as each group begins to demand the same results from their investments. Both want to see good performance, but they also want to know how performance...

NASD yanks arbitration proposal after protest from plaintiff's bar; Controversial amendment dealt with the handling of dismissal motions.(News)
August 7, 2006... Byline: Dan Jamieson IRVINE, Calif. - In an unusual move, NASD has withdrawn a proposed amendment to its arbitration code. The proposal, filed in May with the Securities and Exchange Commission, dealt with how arbitrators handle...

Fund rallies on news of Castro's ailment.(Short Interests)
August 7, 2006... Byline: Riva Froymovich NEW YORK - Shares of the Herzfeld Caribbean Basin Fund (CUBA), a closed-end fund that invests in companies related to Cuba, soared last week on news that Fidel Castro had surrendered his leadership for the first...

Two top indie brokers tweak reps' pay; LPL plans '07 raises for brokers; RJ to cap VA commissions.(News)
August 7, 2006... Byline: Bruce Kelly NEW YORK - The two leading independent-contractor broker-dealers last week made opposing moves in how they will pay their affiliated registered representatives. Linsco/Private Ledger Corp. of San Diego and Boston is...

Search for top recruiters proves exhausting; In war for talent, indie broker-dealers look outside industry.(News)
August 7, 2006... Byline: Bruce Kelly NEW YORK - Independent-contractor broker-dealers are hot to recruit registered representatives these days, but a number of the industry's leading firms are having trouble finding top talent to lead the effort. ...

Money managers losing faith in global economy.(Short Interests)
August 7, 2006... Byline: Darla Mercado Fund managers are losing faith in the global economy. Nearly three-quarters of 213 global fund managers surveyed last month by New York-based Merrill Lynch & Co. Inc. and Taylor Nelson Sofres PLC, a market...

PowerShares, Deutsche Bank unit use each other's muscle; The firms pair on exchange-traded commodities products.(News)
August 7, 2006... Byline: David Hoffman PHILADELPHIA - The war over who will corner the market in exchange-traded commodities products intensified late last month when Frankfurt, Germany-based Deutsche Bank AG and PowerShares Capital Management LLC...

Hondros expected to exit Gartmore; Top exec is `disillusioned,' one source says.(News)
August 7, 2006... Byline: David Hoffman PHILADELPHIA - Several industry sources expect former Fidelity Investments marketing whiz Paul J. Hondros to leave the Gartmore Group, the asset management firm he helped build. The "honeymoon'' between Mr....

Expense drag could make difference.(The Markets)
August 7, 2006... Byline: Tom Roseen, Lipper senior research analyst With the average taxable and tax-exempt fixed-income funds posting year-to-date returns of just 1.31% and 1.24%, respectively, keeping a keen eye on expenses is perhaps more important to...

No excuses for lack of cost basis information; Taxpayer advocate: Brokers can use reporting services.(News)
August 7, 2006... Byline: Sara Hansard WASHINGTON - Brokerage cost-basis-reporting services should make it feasible for brokerage firms to provide securities cost basis information to their clients and reduce capital gains tax errors, the national taxpayer...

Deaths of adviser couple seen as murder, suicide; Both former American Express brokers, they faced multiple arbitration complaints.(News)
August 7, 2006... Byline: Bruce Kelly NEW YORK - Ensnared by money woes and NASD arbitration claims, a former financial adviser with American Express Financial Advisors Inc. is believed to have murdered his wife, also an adviser, and daughter and then...

Three-in-one fund offers access to large companies.(Street Wise)
August 7, 2006... Byline: Jeff Benjamin If the market cycles truly are in position to start favoring larger companies, as some market watchers have suggested, then the stars might be aligned for the SunAmerica Focused Growth and Income Portfolio (FOGAX)....

Kudos to CFP Board on updating standards.(Editorial)
August 7, 2006... The Certified Financial Planner Board of Standards Inc. is to be applauded for seeking to update its code of ethics and financial planning practice standards, and for seeking comment on the exposure drafts. All CFP designation holders...

Settling on both an annuity and a trust.(Short Interests)
August 7, 2006... Byline: Gary S. Mogel NEW YORK - MassMutual Financial Group last month became the first insurer to use both an annuity and a trust in a structured settlement. Other companies' settlements use an annuity or a trust. But none use both....

Parental financial aid often extended.(Short Interests)
August 7, 2006... Byline: Charles Paikert NEW YORK - The fun never ends for many parents. According to a new survey from Irvine, Calif.-based Financial Freedom Senior Funding Corp., nearly half of those aged 62 to 75 said they provided some sort of...

Multistate 529 pairings are being considered; Other states may follow Wyoming's lead.(News)
August 7, 2006... Byline: Charles Paikert NEW YORK - Several states with meager Section 529 college savings program assets, including Hawaii, Tennessee and Kentucky, say that they are exploring the idea of multistate partnerships, following Wyoming's recent...

Helping kids become financially literate.(Monday Morning)
August 7, 2006... Byline: Jim Pavia It is no secret that Americans aren't at the top of their game when it comes to saving and investing. In fact, more than 75 million Americans are "credit challenged and unbanked,'' according to a recent report by...

Closing Quote.(Quotes)
August 7, 2006... "They've set up a trust with money in it for the turtle. The turtle could live for who knows how many years.'' Gregg S. Fisher, an attorney with Gerstein Fisher & Associates Inc. in New York, on a decision made by clients of his. Page 27

At the Bell; Schwab receives $25M settlement.(Late News)
August 7, 2006... Charles Schwab Corp. reported in a filing with the Securities and Exchange Commission that it had received $25 million from "the confidential resolution of a legal matter,'' according to Dow Jones Newswires. The San Francisco-based...

CFP Board proposal on ethics under fire; FPA, NAPFA to challenge fiduciary-responsibility shift.(News)
August 7, 2006... Byline: Riva Froymovich NEW YORK - Two influential groups that represent the financial planning industry are planning rebuttals against proposed changes to the CFP Board's code of ethics. The Certified Financial Planner Board of...

Firms bolster efforts to woo newly and soon-to-be retired; Ten-year window considered "crucial'' for advisers.(News)
August 7, 2006... Byline: Lisa Shidler CHICAGO - Timing is everything when it comes to preparing investors for retirement. With baby boomers barreling toward retirement, many financial services companies are stepping up their efforts to promote products...

Clearing things up.(Clearing Firms)
August 7, 2006... Because inaccurate information was provided to InvestmentNews, the listings and chart data of clearing firms in the July 24 issue were incomplete and showed errors in rankings of some firms. The corrected chart and rankings appear here. ...

Investment industry groups: Focus on long term.(News)
August 7, 2006... Byline: Aaron Siegel NEW YORK - Two groups promoting corporate ethics last month presented a white paper calling on the industry to reform its financial-reporting practices and establish incentives to restructure corporate-communications...

No boomer bust seen for market.(Short Interests)
August 7, 2006... Byline: Sara Hansard WASHINGTON - Baby boomers aren't likely to cause a market crash by selling off assets when they retire, the Government Accountability Office said in a recent report. A third of boomers don't own any stocks, bonds,...

Dramatic growth spurt in adviser registration; Broker-dealer exemption rule seen as factor.(News)
August 7, 2006... Byline: Brooke Southall SAN FRANCISCO - A bumper crop of financial advisers registered with the Securities and Exchange Commission in its latest fiscal year, and industry experts cite last year's changes to the broker-dealer exemption rule...

Report raises liability issues for advisers; Government criticizes financial professionals' aid with offshore tax havens.(News)
August 7, 2006... Byline: Kathie O'Donnell BOSTON - A recent government report criticized financial industry professionals and lawyers for helping U.S. citizens use offshore tax havens to evade up to an estimated $70 billion a year in taxes illegally. ...

Socialite's alleged woes show planning is key; System of checks and balances crucial to carry out client wishes, advisers say.(News)
August 7, 2006... Byline: Lisa Shidler CHICAGO - The allegations of neglect concerning Brooke Astor demonstrate that even the superwealthy aren't immune to the pitfalls of inadequate financial planning. The contentious, and unusually public, fight over...

Asset management executives cycle for charity to fight cancer.(Short Interests)
August 7, 2006... Byline: Kathie O'Donnell BOSTON - John Hancock Funds LLC chief executive Keith Hartstein and MFS Investment Management portfolio manager Maura Shaughnessy were among those scheduled to ride in last weekend's Pan-Massachusetts Challenge, a...

Traditional or alternative Indexing? A usage primer.(Other Views)
August 7, 2006... Traditional/strategic We think that investors seeking to implement long-term asset allocation models or achieve core exposure will be better served by investing in market-capitalization-weighted ETFs. Alternative/tactical For...

INVESTMENTNEWS EDITORIAL CONTACTS.(News)(Editorial)
August 7, 2006... Jeff Benjamin covers alternative investments, stocks, separate accounts, hedge funds, international investing, real estate and planner associations. He also writes the weekly Street Wise column. Based in the Detroit area, Jeff can be reached at...

Pension act would allow LTC-annuity combos; DOL directed to clarify regs for annuities in 401(k) plans.(News)
August 14, 2006... Byline: Sara Hansard WASHINGTON - Under the pension legislation passed by Congress just before it went on its August recess, long-term-care policies for the first time could be combined with annuities. In addition, the 907-page Pension...

Paulson needs a plan to fix Social Security.(Editorial)
August 14, 2006... Let's hope that three is the charm for President Bush and that the new Treasury secretary, Henry Paulson, actually has a solid Social Security reform plan. Mr. Paulson, who left the helm of The Goldman Sachs Group Inc. in New York to...

Life insurance biz spawns 'superadvisers'; The wealthy are impressed by their counselor orientation.(News)
August 14, 2006... Byline: Gary S. Mogel NEW YORK - The life insurance discipline is spawning a new breed of "superadviser'' for the rich, according to the head of an adviser consulting firm. "People look at me like I'm from Mars when I tell them that...

Homeowners feel pinch of higher interest rates; But some advise against tapping nest egg.(News)
August 14, 2006... Byline: Lisa Shidler CHICAGO - Even though the Federal Reserve put the brakes last Tuesday on a more than two-year stretch of interest rate increases, a growing number of advisers find themselves in the position of trying to dissuade...

Fidelity exec's comments revive succession questions; Reynolds' talk of NFL job raises some eyebrows.(News)
August 14, 2006... Byline: Kathie O'Donnell BOSTON - When Robert Reynolds, Fidelity Investments' No. 2 executive, told a newspaper recently that he would consider the National Football League commissioner's job if it were offered to him, it raised succession...

Estate tax hits small-business owners most.(Monday Morning)
August 14, 2006... Byline: Mike Clowes I know a 60-year-old woman who should arrange her own death between now and 2010. She inherited the largest share in a small company that today has revenue of about $5 million, and she would like to leave her share...

Schwab hot on cash.(Short Interests)
August 14, 2006... Byline: Brooke Southall SAN FRANCISCO - The world's biggest online stockbroker seems to have a new affinity for cash. Investors "might consider some strategic pruning'' Liz Ann Sonders, New York-based chief investment strategist with...

Auld quits NEXT Financial, joins rival; Ace recruiter is looking for better quality of life.(News)(Company overview)
August 14, 2006... Byline: Bruce Kelly NEW YORK - Jeff Auld, who has played a pivotal role in establishing NEXT Financial Group Inc. as one of the nation's fastest-growing independent broker-dealers, is leaving to join rival Berthel Fisher & Company...

One on One With Howard Sontag of Sontag Advisory LLC.(One on One)
August 14, 2006... Byline: Brooke Southall Sontag Advisory LLC chief executive Howard Sontag solved many of the riddles of the ambitious and maturing financial adviser. Not only did his New York- and Westport, Conn.-based firm surpass $3.5 billion in...

Municipal-bond closed-end funds are outperforming their domestic-equity counterparts.(The Markets)
August 14, 2006... Byline: Bill Sickles, Lipper senior research analyst After a relatively quiet first quarter of 2006, markets since the middle of May have shown an increase in willingness to make large moves - both up and down. Rates have stabilized...

Campfires, poison ivy and finance.(Short Interests)
August 14, 2006... Byline: Riva Froymovich NEW YORK - Instead of packing swim trunks for his first day of camp, 11-year-old James went armed with a worksheet detailing his living expenses. "He thought it was really fun, because they did a lot of...

Premium cuts stifled on HSA-linked plans; Hopes for fatter account balances often are dashed.(News)
August 14, 2006... Byline: Gary S. Mogel NEW YORK - Even with a high deductible, insurance plans sold in conjunction with health savings accounts often are too costly, industry observers say, as hoped-for premium cuts of 50% or more have failed to...

Ameriprise adopts tool others shun; To provide advisers with software for account aggregation.(News)
August 14, 2006... Byline: Brooke Southall SAN FRANCISCO - Ameriprise Financial Inc. will soon roll out improved account aggregation technology for its 10,500 advisers in a move intended to sharpen its edge as the broker-dealer that leads with financial...

At Hancock, handwriting is no longer on the wall; Unit adds wholesalers in bid to double assets.(News)
August 14, 2006... Byline: Kathie O'Donnell BOSTON - John Hancock Funds LLC, a unit of the world's fourth-largest life insurer, plans to more than double assets under management to $100 billion in the next five to seven years and add 40 wholesalers to its...

More economists are using the R word.(Reverse Spin)
August 14, 2006... Byline: Charles Paikert The dreaded R word, as in "recession,'' has begun to rear its ugly head. New York Times columnist and Princeton University economics professor Paul Krugman has begun discussing what he sees as the increasing...

The personal touch goes digital.(Short Interests)
August 14, 2006... Byline: Lisa Shidler CHICAGO - When he was an adviser, Michael Kaselnak spent 16 hours a week handwriting notes to clients. Now he has created a tool for advisers that can duplicate handwritten notes but drastically reduces the amount...

'Sunset' strip has 529 industry scrambling; States, providers rushing to tout pension bill's blessings.(News)
August 14, 2006... Byline: Charles Paikert NEW YORK - Having achieved its long-sought goal of a permanent federal tax break, the 529 college savings plan industry is popping champagne corks while at the same time furiously revamping its marketing and...

Monetary architect takes on the Fed.(Short Interests)
August 14, 2006... Byline: Aaron Siegel NEW YORK - Standing in front of a small lunchtime crowd outside the New York Federal Reserve Bank last Wednesday, self-described "money architect'' Bernard von NotHaus promoted an 8-year-old private currency known as...

At the Bell; Adviser aggregator lands financing.(Late News)
August 14, 2006... A successful aggregator of small advisory practices has scored a major new round of financing that ensures its ability to afford to buy as many as 30 more practices. United Capital Financial Partners Inc. of Newport Beach, Calif., gained...

Closing Quote.(Quotes)
August 14, 2006... "People look at me like I'm from Mars when I tell them that the best advisers are those with insurance backgrounds.'' Edmond Walters, chief executive of eMoney Advisor Inc. in Conshohocken, Pa. Page 10

CFP Board mulls SEC reg study bid; May seek role in analysis of broker-adviser rules.(News)
August 14, 2006... Byline: Sara Hansard WASHINGTON - The Certified Financial Planner Board of Standards Inc. is thinking about bidding on a major study of broker-adviser regulation, though the group opposed the controversial broker registration rule that led...

SEC seen eyeing hedge fund 'side letters'; More than half of managers are thought to cut deals.(News)
August 14, 2006... Byline: Jeff Benjamin DETROIT - The $1.2 trillion hedge fund industry's use of so-called side letter agreements has attracted the attention of the Securities and Exchange Commission. Observers estimate that at least half the more than...

Canadian insurer sues U.S. firms for $5 billion; Canada belatedly adopts U.S. rules on short selling.(News)
August 14, 2006... Byline: David Clarke OTTAWA - A Toronto-based insurance company is seeking $5 billion in damages from a number of U.S. hedge funds and investment bankers, alleging that they participated in a short-selling scheme that "severely harmed''...

Website compiles top dreams.(Short Interests)
August 14, 2006... Byline: Aaron Siegel NEW YORK - About half of the goals for Americans over age 50 involve travel, while the other half involve more practical pursuits such as losing weight or paying off a mortgage, according to social networking website...

Hedge funds' activism is working, study finds; Campaigns win representation on boards.(News)
August 14, 2006... Byline: Aaron Siegel NEW YORK - Shareholder activism by hedge funds is a "surprising success'' in forcing public companies to change their ways, according to a new study. The study, "Management in an era of shareholder activism,''...

Thou shalt not steal ... from your parents.(Short Interests)
August 14, 2006... Byline: Gary S. Mogel NEW YORK - A financial adviser who broke two commandments by stealing from his parents and other clients via their Fidelity accounts was sentenced last month to six years in prison. The parents of Bryan Hawes, a...

Equity index issuer pins slump on NASD; American Equity's 2Q sales plummeted by 32.(News)
August 14, 2006... Byline: Gary S. Mogel NEW YORK - The nation's third-largest seller of equity index annuities is pointing a finger at NASD for a 32% drop in annuity sales during the second quarter. Sales of annuities at American Equity Investment Life...

Top social index fund has indirect ties to Boeing; Investing in 100%-pure companies is 'impractical,' a Domini portfolio manager says.(News)
August 14, 2006... Byline: Kathie O'Donnell BOSTON - Investors in the Domini Social Equity Fund, the flagship index fund for the social investing movement, may be shocked to learn that their money is aiding the world's second-largest defense company - at...

Energy sector is more than oil.(Short Interests)
August 21, 2006... Byline: Jeff Benjamin DETROIT - Energy investors need to start thinking outside the oil barrel, according to Louis Navellier, Reno, the Nev.-based editor of the Blue Chip Growth Letter. "There's plenty of diversification to be found in...

VC firm links RIAs with developing world; Scimitar invests in countries such as Iraq.(News)
August 21, 2006... Byline: Brooke Southall SAN FRANCISCO - Scimitar Global Ventures is out to create strange bedfellows: independent fee-only financial advisers in the United States and businesses owners in countries such as Iraq, Morocco and Romania. ...

Adult children slow retirement savings.(Short Interests)
August 21, 2006... Byline: Gary S. Mogel NEW YORK - People want to be in the retirement savings fast lane, but their kid-filled minivans won't let them accelerate. And some of the kids in the van are old enough to drive it. According to the "2006...

Pension law boosts automatic IRA bill; Proposed legislation could provide $100B windfall for advisers.(News)
August 21, 2006... Byline: Lisa Shidler CHICAGO - A bill that would create automatic individual retirement accounts, giving the 71 million Americans without a retirement plan access to one, got a shot in the arm from the new pension reform bill, some...

At the Bell; Adviser on separates adds a strategy.(Late News)
August 21, 2006... Advisors Capital Management LLC, a provider of separately managed accounts, said Friday it is adding a new balanced portfolio strategy to its private-account platform. The strategy will be offered to accounts of $250,000 or more and will...

A way to hedge home values may be emerging; MacroMarkets plans product that is similar to ETFs.(News)
August 21, 2006... Byline: David Hoffman PHILADELPHIA - For financial advisers whose clients have a large portion of their wealth tied up in their homes, a new product similar to an exchange traded fund to help them hedge such positions may soon be on the...

Equity index troubles spark Allianz layoffs; NASD regs partly blamed for flat sales.(News)
August 21, 2006... Byline: Gary S. Mogel NEW YORK - Broker-dealer anxiety over complying with NASD regulation is causing once-highflying equity index annuities to lose some of their luster, prompting layoffs at the industry's largest EIA insurer. ...

Investors look to sector funds for portfolio returns.(The Markets)
August 21, 2006... Byline: Jeff Tjornehoj, Lipper Inc. senior research analyst Investors seeking to spice up their portfolio returns often turn to sector funds. These products concentrate investments in a group of related industries or in a particular...

Wirehouses face challenges in trying to break product focus; New skills and a cultural shift are needed, round-table panelists say.(Round Table)
August 21, 2006... Byline: Dan Jamieson NEW YORK - The major Wall Street firms face challenges in shifting to a true wealth management consulting role from their traditional focus on product sales, according to a round-table panel of industry consultants....

LPL buying broker-dealer that caters to banks; UVEST deal will add $18 billion in assets.(News)
August 21, 2006... Byline: Bruce Kelly NEW YORK - Continuing its strong growth, Linsco/Private Ledger Corp. last Monday said that it will acquire UVEST Financial Services Inc., a broker-dealer that caters to banks. The deal, the terms of which weren't...

Ex-marketer to military beset by woes; First Command suffers legal problems, rep unrest.(News)
August 21, 2006... Byline: Bruce Kelly NEW YORK - It has been a grueling summer for First Command Financial Planning Inc. The Fort Worth, Texas-based firm is fighting legal woes and a defection by at least one key rep, and others are itching to leave....

Individual 401(k) accounts show explosive growth; Assets tripled in two years, and end isn't in sight.(News)
August 21, 2006... Byline: Lisa Shidler CHICAGO - The number of individual 401(k) accounts has seen tremendous growth, a trend one research firm predicts will continue. Assets in the accounts had nearly tripled by the end of last year to $4.7 billion,...

Consumers expect financial firms to do more for them on ID theft.(Short Interests)
August 21, 2006... Byline: Aaron Siegel NEW YORK - The measures financial institutions take to ensure that their customers are protected from identity theft and fraud are falling short, according to a recent survey released by Synergistics Research Corp. ...

Emotional selling is an upside of terrorist plot.(Short Interests)
August 21, 2006... Byline: Aaron Siegel NEW YORK - Investors should look at the aftermath of the failed terrorist attacks on commercial airliners as a time to profit rather than worry, some advisers say. "I'll tell clients that [the failed attacks]...

Franklin Templeton adds four target retirement funds.(Product Watch)
August 21, 2006... Franklin Templeton Investments has added a set of four target date retirement funds. The Franklin Templeton Retirement Funds use an asset allocation strategy depending on the year investors plan to retire: 2015, 2025, 2035 or 2045. ...

New AARP group struggles to reach its own members.(News)
August 21, 2006... Byline: David Hoffman PHILADELPHIA - The AARP Funds group has not been able to pull assets away from a mutual fund company that until last year offered low-cost shares of its own funds to AARP members. At the end of June, the group's...

Investors apply more pressure; A closed-end fund proxy battle seen as sign of more to come.(News)
August 21, 2006... Byline: Jeff Benjamin DETROIT - The developing proxy fight to gain control of Seligman Quality Municipal Fund (SQF), a $98 million closed-end mutual fund, is being interpreted by some industry observers as a sign of things to come for the...

Practical pointers for regulatory examinations.(Practice Management)
August 21, 2006... Byline: Deborah G. Heilizer, Clifford Kirsch and Brian L. Rubin Last month, NASD introduced a webcast to explain what to expect before, during and after a routine examination. Although it serves as an excellent introduction to the...

Fight on ID theft gets bogged down in politics.(Monday Morning)
August 21, 2006... Byline: Jeff Benjamin It is somewhat comforting to know that the Securities and Exchange Commission is doing its part to help head off identity theft. For the past several months, the SEC has been conducting sweep exams of...

Brokers' 2005 earnings, production rise modestly.(Short Interests)
August 21, 2006... Byline: Dan Jamieson IRVINE, Calif. - Despite a nearly 5% total return from the Standard & Poor's 500 stock index last year, brokers' gross production barely budged. Median gross production for retail registered representatives was up...

Which investment is best?(Short Interests)
August 21, 2006... Byline: Lisa Shidler CHICAGO - In a recent Fidelity Investments survey of four Michigan investment centers, 56% of the respondents said that understanding which investments could help them meet their long-term retirement savings goals was...