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Current Challenges for UMA Sponsors

Posted by on Aug 3, 2011 in Conference Summaries

This post is a summary of a session from the MMI’s 2011 Annual Convention. The moderator for this session was Lee Chertavian, Chairman & CEO, Placemark Investments. The panelists were Marilee Ferone, Executive Director, UBS Financial Services, Roger Paradiso, President, Chief Investment Officer, Morgan Stanley Smith Barney and Russell W. Tipper, Director, Third Party Discretionary Programs, Managed Solutions Group Merrill Lynch. According to Dover […]

How Great Leaders Inspire Us to Take Action

Posted by on Jul 27, 2011 in Conference Summaries

This post is a summary of a session from the MMI’s 2011 Annual Convention. The speaker was Simon Sinek, Renowned Leadership Expert and author of Start With Why. “There are ‘leaders’ and ‘those who lead’,” Simon asserted.  Most companies have no clue why their customers are their customers.  They only think they know. Simon explained that […]

Taking Advantage of the Global Economic Expansion and Recovery

Posted by on Jul 18, 2011 in Conference Summaries

This post is a summary of a session from the MMI’s 2011 Annual Convention. The moderator for this session was Richard Hoey, Chief Economist, Bank of New York Mellon. The panelists were Michael Atkin, Head of Sovereign Credit Research, Putnam Investments, David R. Bailin, Managing Director and Global Head of Managed Investments, Citi Private Bank and […]

Can Socially Responsible Investing Succeed in Advisory Solutions?

Posted by on Jul 12, 2011 in Conference Summaries

This post is a summary of a session from the MMI’s 2011 Annual Convention. The moderator was Thomas Kostigen, Editorial Contributor, Dow Jones Market Watch and the panelists were Stuart J. Boesky, CEO, The Pembrook Group, John M. Buley, Jr., Managing Director, J.P. Morgan and Sean Greene, Associate Administrator for Investment, U.S. Small Business Administration (SBA). […]

Delivering Advice in Unpredictable Markets

Posted by on Jul 7, 2011 in Conference Summaries

This post is a summary of a session from the MMI’s 2011 Annual Convention. The moderator for this session was Anthony Rochte, Senior Managing Director, Head of North American Intermediary Business Group, State Street Global Advisors. The panelists were Hans Asoera, Principal, Financial Advisor, Edward Jones, Stephen J. Cucchiaro, Founder and Chief Investment Officer, Windhaven Investment […]

LPL Strives to Improve RIA Practice Efficiency

Posted by on Jun 23, 2011 in Conference Summaries

This post is a summary of a session from the MMI’s 2011 Annual Convention: In 2010, LPL Financial grew the AUM on its hybrid RIA platform from $7.3 billion to $13.5 billion, an 85% jump. One of the main drivers that is attracting independent brokers is LPL’s ability to improve practice efficiency. This point was […]

JPMorgan Doubles Model SMA, UMA Business in 2010

Posted by on Mar 8, 2011 in Industry Analysis

FundFire has an interesting article about the tremendous growth of JP Morgan’s managed account programs last year.  The article, written by Tom Stabile, describes some of the key features that made JPM’s programs so successful.  It also points out some new trends that are appearing in the industry. Open Architecture Is their UMA open architecture or […]

Why Bond Portfolios are a Flawed Retirement Strategy

Posted by on Feb 7, 2011 in Conference Summaries

This post is a summary of a session from the FRA’s 8th Annual Managed Accounts Summit. There are three phases of life and three phases of investing based on a client’s income needs: Growth Only, Growth and Income and Income Only, according to Michael Jones, Founding Partner, Riverfront Investment Group. For retirees in the Income Only […]

Why Bother Using an SMA Outsourcer?

Posted by on Feb 3, 2011 in Conference Summaries

This post is a summary of a session from the FRA’s 8th Annual Managed Accounts Summit. According to a recent report by the Tower Group, the use of “cloud services” will become mainstream by 2015, stated Seth Johnson, CEO & Co-Founder, Redi2 Technologies. They will slowly evolve into public utilities that integrate traditional licensed software, augmented […]

SMAs That Act Like Alternatives

Posted by on Jan 21, 2011 in Conference Summaries

This post is a summary of a session from the FRA’s 8th Annual Managed Accounts Summit. While many money managers have been switching client assets into alternatives in their search for better returns, David M. Spungen, Chief Executive Officer of Hillview Capital Advisors, LLC, believes this is a bad idea. For a taxable individual, alternative investments, particularly […]