Genworth Wealth Adds 4 Strategists, 8 Strategies
“I call it the happy meal,” says Genworth Wealth Management President and CEO Gurinder Ahluwalia of the firm's simplified menu of portfolio strategies for indie advisors.
ETF Market Explodes as Asset Managers Innovate
The RIA Group at iShares has seen phenomenal growth, to 100 boutique managers totaling $46 billion in ETF assets this year versus only a few managers with $5.8 billion in assets in 2009.
Advisor iPad App Allows Client Reviews to Go Anywhere
“As long as I have my iPad with me, there’s nothing I can’t access. I can run into a client in a restaurant and do things on the fly,” says Ted Rich of Vinoy Capital.
BlackRock, Harvard: Retirees Don’t Know What They Want, but It Might Be Annuities
“You don’t get a radically different answer when you change the wording of a question about whether you want chocolate or vanilla ice cream, but with annuities you do,” says Harvard professor David Laibson.
BlackRock’s Fink Advises 100% Allocation to Equities
BlackRock's Larry Fink told Bloomberg Television from Hong Kong that investors should have 100% of investments in equities due to low valuations and higher returns than bonds.
Top Portfolio Products: ProShares ETF Focuses on Germany; BlackRock Offers New Fund
New products over the last week include a new ETF focusing on German debt from ProShares and a reintroduced multi-asset income fund from BlackRock.
BlackRock’s Fink Slams SocGen Over ETFs
Synthetic ETFs were the target on Wednesday of Laurence D. Fink, CEO of BlackRock, as he criticized the products of Société Générale SA, saying that he didn’t want them to damage the industry.
BlackRock Seeks to Run ETFs Using Own Indexes
BlackRock, the world’s largest money manager, filed an application with the SEC for its iShares exchange-traded funds to follow its own indexes rather than those developed by third parties such as Standard & Poor’s.
BlackRock Adds Index Funds for DC Plans as Index Trend Grows
BlackRock's head of defined contribution plans, Chip Castille, says the firm's launch of 10 new index funds comes in response to a growing trend toward index funds for DC plans.