Investment News articles from June 2006

Investment News archives from June 2006

One on One With Larry Roth of Royal Alliance Associates Inc.(One on One)
June 5, 2006... Byline: Bruce Kelly New at the helm of Royal Alliance Associates Inc., industry veteran Larry Roth likes what he sees. "The advisers, frankly, are every bit as good and better than I expected,'' said Mr. Roth, who in January took over...

Chicago Merc offers home-price futures; Sophisticated individuals, institutional investors seen as first users.(News)
June 5, 2006... Byline: Dan Jamieson IRVINE, Calif. - Investors finally can speculate on, or hedge, the value of home prices. Futures contracts on home resale values began trading May 22 on the Chicago Mercantile Exchange. The contracts are based on...

Wealth managers suffer profit hit; Clients expect to get more services and pay less for them.(News)
June 5, 2006... Byline: Charles Paikert NEW YORK - More sophisticated clients, a glut of new firms, commoditized product offerings and increasingly cutthroat competition are causing profit margins to shrink at wealth management firms, according to top...

Searching for stocks to survive summer doldrums; Some observers like banks, winemakers and pharmaceuticals.(News)
June 5, 2006... Byline: Liz Skinner WASHINGTON - Investors who are searching for stocks this summer may have to look hard. Summer is almost never a stellar period for equity investments. However, this year, consumers face high energy costs and rising...

CFP Board sees flood of applicants ahead of new degree requirement; 'Record numbers' have been sitting for the exam this year.(News)
June 5, 2006... Byline: Jeff Benjamin DETROIT - The Certified Financial Planner Board of Standards Inc. is experiencing a "flood of applicants'' trying to get certified ahead of the January deadline that will require a minimum of a bachelor's degree in...

Variable annuities are just that, so a full evaluation is needed.(The Markets)
June 5, 2006... Byline: Jeff Tjornehoj, Lipper research analyst Regarding the performance of these products, "variable'' certainly fits the bill. Not only do returns within each portfolio vary from period to period, but returns within each classification...

Roll-up firm aims at mom-and-pop advisory practices; United Capital has already purchased seven firms.(News)
June 5, 2006... Byline: Brooke Southall SAN FRANCISCO - A proven entrepreneur in Southern California is off to a promising start with something different - a roll-up of mom-and-pop-style financial advisory practices. Joe John Duran founded United...

Calendar.(Calendar/Datebook)
June 5, 2006... June 6 - Fifteenth annual Securities Operations Conference, Securities Operations Forum. Bayard's, New York. Colin Harnor, (212)328-2500 Ext. 229 or soforum.com. 7 - Lifting The Veil: Mutual Fund Trading Practices and Best Execution...

Bay Area is wealth management hot spot; Abundance of affluence makes for a whirlwind of activity for firms.(News)
June 5, 2006... Byline: Charles Paikert SAN FRANCISCO - When it comes to wealth management, the gold rush is alive and well in the Bay Area. With an abundance of technology companies in Silicon Valley, a solid base of old money and booming real estate...

FPA tests broker-dealer exclusion rule in court; Says in brief that SEC was 'doubly incorrect' in defending exemption.(News)
June 5, 2006... Byline: Sara Hansard WASHINGTON - The Securities and Exchange Commission was "doubly incorrect'' in the way it defended the broker-dealer exclusion rule, the Financial Planning Association said in a reply brief it filed May 25 in the U.S....

Firms must pay top dollar for local talent.(News)
June 5, 2006... Byline: Charles Paikert SAN FRANCISCO - Driven by high demand and short supply, San Francisco wealth management firms are paying a premium for local talent. "Quality talent is an issue here,'' said William Post II, president of San...

Test assesses investor cockiness.(Short Interests)
June 5, 2006... Byline: Thomas N. Zadvydas NEW YORK - Are your clients' egos inflating their financial confidence? David Strulowitz, an independent financial adviser in Lincolnwood, Ill., has devised a method to assess one's state of financial...

Fidelity offers road map tool for RIA newcomers.(Product Watch)
June 5, 2006... Fidelity Investments, a provider of custody and brokerage services to more than 3,100 registered investment advisers, has introduced an online road map tool to help guide new entrants through the complex process of establishing an RIA practice....

Regions will likely absorb AmSouth's advisers; No decision yet on revising products, services of new entity.(News)
June 5, 2006... Byline: Gary S. Mogel NEW YORK - The merger announced last month between Regions Financial Corp. and AmSouth Bancorp. - which will create a top-10 U.S. bank - is expected to centralize the banks' financial advisory offerings into Regions'...

Recent retirees likely to roll over 401(k) accounts; They crave the services that advisers offer, survey shows.(News)
June 5, 2006... Byline: Lisa Shidler CHICAGO - An adviser's relationship with a client can be critical to luring new retirees into IRAs or to a new 401(k) provider, according to a new study indicating that employees aren't necessarily loyal to their...

Variable annuities continue to get no respect; Kentucky lumps them in with investment scams.(News)
June 5, 2006... Byline: Gary S. Mogel NEW YORK - If an investment is known by the company it keeps, then the variable annuity needs to hang out with a different crowd. In an announcement last month by the Kentucky Office of Financial Institutions in...

Closing Quote.(Quotes)
June 5, 2006... "If somebody finds a bachelor's degree to be too onerous, frankly, I don't want them in the industry.'' Dennis De Stefano, who operates De Stefano Wealth Management in Kihei, Hawaii, on the Certified Financial Planner Board of Standards...

At the Bell; Institute launched for high-end advisers.(Late News)
June 5, 2006... A new organization aimed at advisers who work with, or want to work with, wealthy clients will be launched today in Washington. The Wealth Advisor Institute will focus on education and marketing targeted to the needs of "high end''...

Fund capitalizes on resurgence of interest in IPOs.(Street Wise)
June 5, 2006... Byline: Jeff Benjamin At $21 million, the IPO Plus Aftermarket Fund (IPOSX) clearly has fallen a few pegs since the bubble market of the late 1990s, when it managed more than $200 million. But the fund is still around, the management...

Fund firms rush to ride the international wave; Surge may be peaking; launches off in '06.(News)
June 5, 2006... Byline: Frederick P. Gabriel Jr. BOSTON - With investor interest sizzling, mutual fund companies are vying to crank out funds that invest outside the United States. In 2005, 44 such funds made their debut, up from 16 in 2004 and 28 in...

Rising interest rates steer some clients away from fixed annuities; Universal life, CDs boosted by increases.(News)
June 5, 2006... Byline: Gary S. Mogel NEW YORK - Steadily rising interest rates and a flattening yield curve are causing some types of fixed annuities to lose sales steam, according to industry observers. Meanwhile, certificates of deposit, universal...

Looming IRS 403(b) changes don't sit well with small advisers; Cadaret Grant, others set to do battle to retain pension plan clients.(News)
June 5, 2006... Byline: Lisa Shidler CHICAGO - Art Grant, president and chief executive of Cadaret Grant & Co. Inc., is prepared to fight to keep 403(b) business at his firm, but he thinks it may be a losing battle. The Internal Revenue Service is...

Conversion clause fund trims discounts; Closed-end funds with such a feature may proliferate.(News)
June 5, 2006... Byline: David Hoffman NEW YORK - While Claymore Advisors LLC's effort to stoke interest in its new closed-end fund by adding a provision aimed at eliminating any discount was successful, it remains to be seen whether that success is...

Picking the resources that are best for you.(Practice Management)
June 5, 2006... Byline: Joni Youngwirth The growth of the financial planning industry has spawned an evolution of subindustries, including practice management. Via conferences, consultants and columns, planners have a plethora of resources at their...

H&R Block unit to recruit 250 reps in fiscal 2007; Cuts management 'fat,' sets new minimum for low-producing brokers.(News)
June 5, 2006... Byline: Bruce Kelly NEW YORK - Finished with a restructuring, H&R Block Financial Advisors Inc. continues to focus on recruiting brokers and advisers, expecting to recruit 250 experienced registered representatives in fiscal year 2007. ...

Numbers guy snags No. 1 post at Goldman.(Reverse Spin)
June 5, 2006... Byline: Charles Paikert Will numbers trump relationships at one of Wall Street's most prestigious firms? With The Goldman Sachs Group Inc.'s chairman and chief executive, Henry M. "Hank'' Paulson, on his way to becoming the new...

Direct-fund business raises compliance concerns; Popular option for small accounts, indies gets squeezed.(News)
June 5, 2006... Byline: Dan Jamieson IRVINE, Calif. - Compliance concerns are causing brokerage firms to discourage representatives from conducting mutual fund business directly with mutual fund companies. For years, brokers have instructed clients to...

Morningstar to publish dollar-weighted returns; Aims to provide gauge of 'fund experience'.(News)
June 5, 2006... Byline: David Hoffman NEW YORK - Morningstar Inc. is betting that investors will want to know what the returns of their mutual funds are - the dollar-weighted returns, that is. The Chicago-based fund tracker plans to publish such...

The bright side of Enron execs' transgressions.(Monday Morning)
June 5, 2006... Byline: Jim Pavia Investors owe a bit of gratitude to former Enron Corp. executives Kenneth Lay and Jeffrey Skilling. The guilty verdicts against the two greedy guys brought an end to one of the biggest corporate scams in U.S. history....

Financial-gerontology program attracts advisers; Participants seek in-depth knowledge of demographics.(News)
June 5, 2006... Byline: Deborah Nason NEW YORK - Rosanne Grande is one of a growing number of advisers applying the concept of "financial gerontology'' to their practices. Financial gerontology is the practical application of social gerontology to...

MassMutual unveils lifetime-income offering; Offers monthly stream along with exposure to mutual funds.(News)
June 5, 2006... Byline: Lisa Shidler CHICAGO - MassMutual Financial Group is the latest company to introduce a product meant to provide retirees with income for life. Financial advisers say they anticipate that more of these products will flood the...

Most investors turn to advisers before buying fund shares; Others consult websites, family, friends, colleagues, ICI survey shows.(News)
June 5, 2006... Byline: Frederick P. Gabriel Jr. BOSTON - The vast majority of investors turn to financial advisers for information before purchasing shares in a mutual fund, according to the results of a survey from the Investment Company Institute. ...

Merger with fund group inevitable, IDA chief says; But target's CEO says not so fast, citing board vote.(News)
June 5, 2006... Byline: David Clarke OTTAWA - Perhaps fearing that the growing momentum of attempts to create a national securities regulator will make industry self-regulatory organizations redundant, the Investment Dealers Association of Canada and...

Top taxable money funds nearing yields of 5%; Last reached in '01, level is considered key psychologically.(News)
June 5, 2006... Byline: David Hoffman NEW YORK - Just one or two more interest rate increases and the top-performing taxable retail money market funds could generate yields of 5% or more - something they haven't done since 2001. That would be an...

Cox says XBRL standards are antidote to data errors.(Conference Call)
June 5, 2006... Byline: Sara Hansard WASHINGTON - Citing a dramatic drop in the amount of investment research being done by Wall Street firms and "unacceptably high'' errors reporting data on financial statements, Securities and Exchange Commission...

Hawaii is paradise for duffers' wallets.(Short Interests)
June 5, 2006... Byline: Gary S. Mogel NEW YORK - Golfers can't be held legally responsible for injuries caused by mis-hit balls, as long as they didn't intend to cause harm or act recklessly, the Hawaii Supreme Court ruled last month. "I don't agree...

Fund management fee vigilance is no vice.(Short Interests)
June 5, 2006... Byline: Jeff Benjamin DETROIT - Recent research from Invesmart Inc. of Pittsburgh suggests that retirement-plan sponsors still should be mindful of the mutual fund management fees they are charged. According to Invesmart, a firm that...

Pension reform bill remains stuck on several issues.(Tax Watch)
June 5, 2006... Byline: Mark Battersby Conferees considering a bill (HR 2830) that would overhaul the nation's pension laws remain stuck on several issues including a rewrite of language in the credit-rating provision, cash balance plans and relief for...

Your clients hear you, but are they really listening?(Other Views)
June 5, 2006... Byline: Mark Goldberg Until about 30 years ago, you were not required by law to wear a seat belt when driving or riding in a car. We know now, however, that fastening the seat belt is the difference between life and death for thousands...

Revamp sought for stock option rules.(Short Interests)
June 5, 2006... Byline: Sara Hansard WASHINGTON - The Securities and Exchange Commission should reform its disclosure rules regarding the dating of stock option awards, the CFA Centre for Financial Market Integrity told the commission last week. The...

Investors pay more to move out; Brokers increase fees for switching firms.(News)
June 5, 2006... Byline: Dan Jamieson IRVINE, Calif. - Investors are paying more to escape the clutches of brokerage firms. Costs to use the automated customer account transfer system have gone up over the past several years to between $75 and $100 at...

Credit 'dinged' minorities pay higher fees, study says.(Short Interests)
June 5, 2006... Byline: Darla Mercado NEW YORK - Lenders charge black and Hispanic borrowers higher rates for subprime loans, even when their credit qualifications are equal to those of white borrowers, according to a study by the Center for Responsible...

Looking to bring some order to the Treasury.(Editorial)
June 5, 2006... Can Henry M. "Hank'' Paulson restore prestige to the Treasury? Maybe the third time will be lucky for President Bush. Perhaps in Mr. Paulson, he has chosen a secretary of the Department of the Treasury who can command the respect of...

Utah law may doom naked short selling; Wall Street threatens to take the state to court.(News)
June 5, 2006... Byline: Sara Hansard WASHINGTON - Supporters of a new Utah law, intended to rein in the practice of "naked short selling,'' last week predicted that their movement soon would spread to other states. The brokerage industry, caught off...

People.
June 5, 2006... The Hartford Financial Services Group Inc. in Connecticut has hired Glenn Lammey, 45, as chief financial officer and executive vice president of Hartford Life, its Simsbury, Conn.-based insurance operation. He was senior executive vice...

Dazzling returns lure 401(k) investors to emerging-markets mutual funds.(Short Interests)
June 12, 2006... Byline: Lisa Shidler CHICAGO - A Hewitt Associates LLC study found that the relatively few 401(k) participants with balances in emerging-market-equity funds had an average allocation of 16.4%. Putting that much money into these...

Animal activists bark at MetLife for Snoopy ads in China.(Short Interests)
June 12, 2006... Byline: Gary S. Mogel NEW YORK - An advertising campaign launched this month that uses MetLife Inc.'s Snoopy mascot to sell life insurance in China - where about 10 to 20 million dogs a year are killed for human consumption - is in...

College grads get diplomas and debt.(Short Interests)
June 12, 2006... Byline: Aaron Siegel NEW YORK - Now that the tassels have been flipped and the diplomas have been handed out, college graduates across the country are coming to grips with large debt loads. According to "College Debt Crunch,'' a survey...

Planners cite aiding clients as a primary motivation; Their salaries aren't the only source of job satisfaction.(News)
June 12, 2006... Byline: Aaron Siegel NEW YORK - While many people struggle to find fulfillment in their line of work, financial planners express a level of satisfaction that goes beyond the amount appearing on their paychecks. According to the survey...

Smaller is not necessarily better.(The Markets)
June 12, 2006... Byline: Tom Roseen, Lipper senior research analyst Recently, there has been much to-do about funds with a great amount of assets under management, but there are no exploitable differences in their returns versus those of small funds. ...

Estate tax repeal: People should protest.(Editorial)
June 12, 2006... The contrast couldn't have been clearer. Hurricane Katrina had destroyed New Orleans and much of the Gulf Coast last summer, and our poorest citizens were left stranded with little help. While the victims suffered, Republican leaders in the...

GE return validates e-filing strategy, IRS claims.(Tax Watch)
June 12, 2006... Byline: Mark E. Battersby The Internal Revenue Service is patting itself and its corporate e-filing program on the back after receiving the e-filing of the nation's largest tax return from General Electric Co. On paper, GE's e-filed...

Debate over UL reserves nearer a resolution; Legal opinion: Let states decide on lapse rate usage.(News)
June 12, 2006... Byline: Gary S. Mogel NEW YORK - Industry observers, commenting on a recommendation that states determine whether lapse rates can be used when calculating reserves for universal-life policies with guaranteed death benefits, say that using...

ETFs may pose threat to funds in 401(k)s; Magellan and others are in the cross hairs.(News)
June 12, 2006... Byline: Kathie O'Donnell BOSTON - If exchange traded funds gain traction in the 401(k) market, it could spell trouble for large actively managed mutual funds with lackluster performance or for "life cycle'' funds with high fees, according...

At the Bell; Morgan Stanley adds fund of funds.(Late News)
June 12, 2006... Morgan Stanley Investment Management in New York on Friday launched the Alternative Investment Partners Absolute Return Fund, which comprises 21 different hedge funds. The fund of funds is targeted to individual investors and small...

Consultant creates guide to help navigate a murky job market.(Short Interests)
June 12, 2006... Byline: Aaron Siegel NEW YORK - Ford R. Myers has a solution to help employees weather the storm during an unstable job market. Mr. Myers, the president of Career Potential LLC, a Haverford, Pa.-based consulting firm, has published...

Will the Fed light a fire under the economy?(Other Views)
June 12, 2006... Byline: John Pak Like most fathers, even if I'm not expecting to spot the budding above averageness of my offspring (I hear it skips a generation, so they have a shot), I'm at least open to receiving the subtle signals of their brilliance....

New wealth trade group aims to serve advisers; FPA, IMCA worry that the industry will become fragmented.(News)
June 12, 2006... Byline: Sara Hansard WASHINGTON - Expressing frustration with the financial services industry, a group of financial advisers last week launched what they called the "first multidisciplinary membership organization for financial advisers''...

Best bet may be to combine 529 plans with trusts.(Investment Strategies)
June 12, 2006... Byline: Sharon L. Klein You can't pick up a newspaper or magazine these days without seeing an article about the high cost of college education. The College Board of New York puts the cost of an elite four-year private college at $33,000...

Out-investing LTC premiums may be risky strategy; Experts counsel against gambling with policy start date.(News)
June 12, 2006... Byline: Gary S. Mogel NEW YORK - It is better to lock in long-term-care coverage at an early age rather than out-invest and gamble that the policy won't be needed until the client gets older, industry experts say. A 55-year-old who...

Some Vanguard trustees invested in few funds; Critic says they should be paid in shares.(News)
June 12, 2006... Byline: Kathie O'Donnell BOSTON - Although Vanguard Group Inc.'s chairman and chief executive, John J. Brennan, puts his money where his mouth is, the same can't be said for some other trustees overseeing the Malvern, Pa., behemoth's...

Asset manager offers health insurance to indie reps; Many were uninsured because they couldn't afford the premiums.(News)
June 12, 2006... Byline: Brooke Southall SAN FRANCISCO - A turnkey asset management company is raising the bar by lowering the barriers independent representatives face in getting health insurance. Dunham & Associates Investment Counsel Inc. of San...

CRM tool helps create private web pages for clients.(Product Watch)
June 12, 2006... CRM Software Inc. of Palm Beach Gardens, Fla., has released Junxure ClientView, a program that works with the company's flagship product Junxure-i to help create private web pages for clients. Junxure ClientView allows an adviser to create...

Seligman, Federated put twist on target date funds; They invest in ETFs to gain diversification.(News)
June 12, 2006... Byline: Rosalyn Retkwa NEW YORK - In a new wrinkle in target date retirement funds, J.W. Seligman & Co. Inc. and Federated Investors Inc. have entered the fray by launching a different kind of offering - target date mutual funds that...

Panel urges creating single Canadian securities cop; Other groups set to weigh in on issue.(News)
June 12, 2006... Byline: David Clarke OTTAWA - Pity the poor Canadian securities regulators. Critics say the system they serve is hopeless - or, at the very least, has severe problems - and even the regulators concur. The real problem, most agree,...

Vanguard bonuses likely to miss target; Has growth lagged, or is the goal too high?(News)
June 12, 2006... Byline: David Hoffman NEW YORK - Bonuses for employees of The Vanguard Group Inc. are expected to be announced this week, but Vanguard watchers said it was unlikely they would look as good as John J. Brennan, its chairman and chief...

Calendar.(Calendar/Datebook)
June 12, 2006... June 13 - Sixteenth annual High Yield Bond Conference, New York Society of Security Analysts. Bloomberg LP headquarters, New York. (212)541-4530 or nyssa.org. 13 - Strategic Planning and Compliance with Employment and Labor Laws in...

One on One With Maryann Bruce of Evergreen Investment Services Inc.(One on One)
June 12, 2006... Byline: Jeff Benjamin Since taking over in 1999 as president of Evergreen Investment Services Inc., Maryann Bruce quietly has revolutionized the way the asset management firm distributes investment products through financial...

Socially conscious funds going mainstream? TIAA-CREF's plan for the sector highlights its appeal.(News)
June 12, 2006... Byline: David Hoffman NEW YORK - Mainstream asset managers finally are beginning to accept that investors are interested in socially conscious investing. That is the message some in the socially conscious investing community took away...

Discipline key to investment results, study shows; Dalbar says behavioral changes are necessary.(News)
June 12, 2006... Byline: Charles Paikert NEW YORK - Lack of discipline can cost investors more than three-quarters of their potential gain, according to a recent study on how behavior affects investment results. An investor who bought and held the...

Senate ends GOP bid to repeal death tax.(Reverse Spin)
June 12, 2006... Byline: Frederick P. Gabriel Jr. It was close but no cigar Thursday when the Senate rejected Republican efforts to repeal the estate tax. Still, GOP leaders vow to continue to negotiate behind the scenes to try to find a compromise that...

Seligman offers 'sale' on retirement plan setup fees; Move highlights the competitiveness among 401(k) market participants.(News)
June 12, 2006... Byline: Lisa Shidler CHICAGO - In a sign of how competitive the 401(k) market has become, one company is trying to lure new business by offering discounted setup fees to firms that sign up for its plan. Seligman Advisors Inc. is...

TD Ameritrade feeling like a billion; Adding Edelman said to signal its growing success.(News)
June 12, 2006... Byline: Brooke Southall SAN FRANCISCO - TD Ameritrade Institutional marked its first major victory as a merged entity by winning a large account, and it is becoming a primary custodian for other advisers who count their assets in the...

Fund manager deploying 'no holds barred' strategy.(Street Wise)
June 12, 2006... Byline: Jeff Benjamin The Utopia Funds are not quite "one size fits all,'' but they're close. The five-month-old fund group, which is an extension of a 23-year-old separately managed account strategy, is designed for investors who...

Inflation expectations are key for investors.(Monday Morning)
June 12, 2006... Byline: Mike Clowes The most important question an investor can ask isn't, "What is my risk tolerance?'' It is, "What are my inflation expectations, and what is my inflation tolerance?'' Investors have some control over the risk...

People.
June 12, 2006... Depository Trust and Clearing Corp. in New York has announced that chief operating officer Donald F. Donahue, 55, will become president and chief executive, effective Aug. 1. He will also be president and CEO of the company's subsidiaries,...

Closing Quote.(Quotes)
June 12, 2006... "If you are going to be sitting at the top of the second-largest mutual fund complex in the country and responsible for nearly $1 trillion worth of investors' assets, you ought to have a little more skin in the game.'' Daniel Wiener,...

Wealth management market 'very mature'; Industry executives sharply disagree with Cerulli's assessment.(News)
June 12, 2006... Byline: Charles Paikert NEW YORK - A new report is ruffling feathers in the wealth management industry by suggesting that the market for managing money for wealthy Americans is past its prime. The $5.4 trillion U.S. wealth management...

Hedge funds held up in May despite modest losses; They outperformed most major benchmarks.(Alternative Investments)
June 12, 2006... Byline: Jeff Benjamin DETROIT - Hedge funds, in general, didn't escape last month's brutal beating, but by some measures, the $1 trillion alternative-investments industry did prove resilient to the sudden shakeup across the financial...

NASD investment fund swells from sale of Nasdaq stock; It will deploy cash to take on the NYSE, observers say.(News)
June 12, 2006... Byline: Bruce Kelly NEW YORK - Securities regulation continues to be a booming business, with NASD reporting an impressive $291.2 million in income for 2005, much of that coming from its sale of shares in The Nasdaq Stock Market Inc. ...

SEC said to crack down harder; Actions and fines on 'technical' issues, seen to be on the rise.(News)
June 12, 2006... Byline: Sara Hansard WASHINGTON - The Securities and Exchange Commission increasingly is bringing enforcement cases and levying fines in situations that formerly would have been handled by deficiency letters, observers say. "The SEC...

SEC charges former Linsco broker with stealing; Well-traveled rep is said to have cheated many.(News)
June 12, 2006... Byline: Bruce Kelly NEW YORK - The SEC last month charged an independent-contractor registered representative until recently affiliated with Linsco/Private Ledger Corp. with stealing as much as $2.4 million from clients. The rep,...

Critical-illness insurance is group product champion; On individual side, universal life has strongest growth.(News)
June 19, 2006... Byline: Gary S. Mogel NEW YORK - Group insurers have crowned critical-illness insurance the new growth champion, but former group champ universal life still is going strong on the individual side. Critical-illness insurance - covering...

Schwab adding Salomon managed account strategies; To offer investments with 11 fund styles on RIA platform.(News)
June 19, 2006... Byline: Brooke Southall SAN FRANCISCO - With an eye toward taking away business from the wirehouses, Charles Schwab & Co. Inc. has cemented a deal to add the investment acumen of a top portfolio manager. The San Francisco-based company...