Archive for May, 2013

Green Tips from Progressive Asset Management Group

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This week’s Green Tips come from the Progressive Asset Management Group, a network of independent investment advisers who specialize in helping their clients manage their wealth by investing with their values. The PAM Group is the socially responsible investment division of Financial West Group, with a Seacoast branch in Newmarket.

1. Invest sustainably. Research has shown companies with better environmental, social and governance (ESG) performance also tend to have better financial performance. However, as with all investments, past performance is not a guarantee of future results. Socially responsible investment is a means to interact with your money beyond mere numbers.

2. Make your portfolio more environmentally friendly. If you accept the science of global warming and are committed to doing something about it, then you need to take measurable steps toward greening your investment portfolio.

3. As a stockholder, you have more sway with a company than the average person, so use your position to advocate for sustainable change. Through a practice known as “shareholder activism,” stockholders can attend annual meetings, participate in proxy votes, communicate with management and more to suggest changes to company policies.

4. Make all your statements (bank, credit card, investment accounts), prospectuses and other documents digital. It doesn’t get any easier than that.

5. Invest in your home. If you’re saving for retirement, you can invest in physical assets like stocks and mutual funds. But you can also invest in doing things now, like making your home more energy efficient, which will save you money in retirement, while helping contribute to a more sustainable world.

For information about Progressive Asset Management Group, visit For more green tips, visit or the Green Alliance blog at


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Monday, May 27th, 2013 EN No Comments

Stone Investment Group Limited Reports Second Quarter Results

TORONTO, ONTARIO–(Marketwired – May 27, 2013) – Stone Investment Group Limited (“SIG”) released its unaudited financial results on May 23, 2013 for the quarter ended March 31, 2013.

The full interim financial statements for the period, including Management’s Discussion and Analysis, are available on SEDAR at

About Stone Investment Group Limited

Stone Investment Group Limited is an independent wealth management company. Stone Investment Group Limited, through its wholly-owned subsidiaries, Stone Co. Limited and Stone Asset Management Limited, structures and manages high quality investment products for Canadian investors.


Monday, May 27th, 2013 EN No Comments

doing it by the book business strategies

Most firms in the IFA industry organise an induction course explaining various areas of the company and business.

However, most (if not all) don’t have a training platform which carries them through the first three months of joining once they have passed the induction. This is why the Globaleye Task Book was founded.

This structure is aimed at accessing all the potential of a to-be successful wealth manager.

At Globaleye we are not advisers, but wealth managers. Wealth managers do exactly what advisers do, but more. We actually manage the clients’ wealth using our unique online system, called the Globaleye valuation service.

Structured learning

The wealth manager has the opportunity to grow through the company into the role of assistant vice president, vice president, senior vice president and then director. Each level has a duty to be responsible for their team(s). This duty would typically be broken down into the four core areas: recruit, train, motivate and service.

The Globaleye Task Book (GTB) is a continuous professional development resource that has been created to allow the wealth manager a fast track to career success while protecting the integrity of the company and clients.

The GTB is a flexible resource that allows the vice presidents (VP) and assistant vice presidents (AVP) to provide their teams with practical, professional and proven development opportunities.

Setting goals

During the first three months in Globaleye, wealth managers will be obliged to complete a log for each day, with the use of the GTB various tasks, to be signed off and dated by the AVP/ VP. The book is very clear and concise, with supporting instructions offering a defined path for the progress of the wealth manager.


Monday, May 27th, 2013 EN No Comments

DSP Black Rock, Pramerica take advisors back to school


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Sunday, May 26th, 2013 EN No Comments

StanChart to buy Morgan Stanley India wealth management arm


–> Standard Chartered has agreed to buy the Indian wealth management unit of Morgan Stanley, helping the British bank expand its private banking business in Asia’s third-largest economy. The sale underscores growing consolidation of Asia’s wealth management industry, which is struggling with rising regulatory costs and wafer-thin advisory fees.

Morgan Stanley launched the sale of the Indian wealth management business in November after entering the fiercely competitive market about four years ago. The US bank plans to focus now on institutional securities, investment banking and asset management in India. The wealth management unit has assets under management of around $800 million and Standard Chartered will buy about 70 percent of the book, two sources with direct knowledge of the deal said.

It will pay a little less than $5 million for the business after closure of the deal in about six months’ time, the sources told Reuters.

Standard Chartered and Morgan Stanley spokesmen contacted by Reuters declined to comment on the details of the deal. Standard Chartered launched its wealth management unit in India in 2007. It manages about $3 billion worth of assets in its Indian private banking business, making it one of the country’s biggest wealth managers.

The London-based bank has a stock market listing in India and competes there with Royal Bank of Scotland, Barclays, Citigroup and several domestic wealth management firms.

Competition has grown and weak markets have squeezed revenue, with growth opportunities limited by regulations that restrict product offerings.

Foreign players scrambled to enter the market a few years ago and ramped up operations aggressively to take advantage of robust economic growth, only to find themselves struggling.

The number of millionaires in India shrank by 18 percent to 125,500 in 2011, according to Capgemini and RBC Wealth Management’s world wealth report, marking the first decline since 2008.

Copyright Reuters, 2013

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Sunday, May 26th, 2013 EN No Comments

Morgan Stanley rolls out Trade Flow Insights tool

Morgan Stanley has rolled out a set of tools on its 3D platform that are available to all the firm’s wealth management advisers.

Called Trade Flow Insights, the suite of tools is meant to help inform brokers about which of the company’s products are proving popular and with whom, at least from a demographic perspective.

In a nutshell, Trade Flow presents advisers with data on top product purchases, along with related information on the purchasers’ asset allocations. And that data can be sorted based on asset class, client age and amount of client holdings.


Advisers also can look more broadly at a macro, firmwide level, or, in the future, will be able to correlate and compare findings to their own book of business more easily.

“What I would say is, think of [Trade Flow] more as a form of social data sharing,” said Jeff McMillan, head of investment platforms at Morgan Stanley Wealth Management. “Instead of me seeing your blog entries or likes and dislikes on a social network, we are providing the sum total of transactional data across the 3D platform, and we are then giving advisers the ability to filter and sort that aggregate behavior in different ways.”

For now, Morgan Stanley intends to focus on getting the system to a point where it can efficiently deliver the most meaningful data to advisers. In the months ahead, the firm intends to extend and enrich the tool’s feature set toward more-iterative ends — for example, being able to mesh the data described above with the firm’s daily flow of 450 research reports produced by in-house analysts.

To accomplish that, Morgan Stanley is in the early stages of building an Insights Engine using an open-source data management framework called Hadoop, which will, as Mr. McMillan puts it, “marry all that intellectual property together.”

The goal is to “take the best ideas in the firm and all this data, and be able to present it in such a way [to inform] an adviser who has a hypothetical question, say, “I have several clients between the ages of 55 and 65 with a lot of their holdings in alternative investments and a risk profile of moderate. What would be right for them?’” Mr. McMillan said.


The additional hope is to get even more value from the research the firm produces, he said.

Instead of sending a given report to all 15,000 advisers, it can be channeled to those whose clients have related holdings or a history of having had those holdings.

Alois Pirker, research director at the research consultancy Aite Group LLC, said he and his team haven’t yet been briefed on Trade Flow Insights but have seen the firm’s Peer Insight and Advisor Insight tools and features.

“Quite frankly, I think these Insight tools are pretty unique in the industry and fit well with Morgan Stanley’s goal of leadership in investment management being delivered through their advisers and, as such, with these tools are aiming to empower them to do just that,” he said.

Advisor Insights is an internal social network that was introduced to a subset of wealth management advisers in 2010 but has since been rolled out to all advisers.

Mr. McMillan added that the underlying technology also has been used to create other internal networks, including one for the firm’s managers and another for support staff members.

Among several Morgan Stanley advisers contacted for this story, none has yet used the Trade Flow tools and one was unaware of their availability.

Last year was rough at Morgan Stanley, especially in terms of technology. The firm’s advisers routinely experienced outages and errors related to the combining of the Morgan Stanley and Smith Barney systems following their merger.


Sunday, May 26th, 2013 EN No Comments

READER SUBMITTED: Local Wealth Management Firm Supports Collegiate …

Farmington Reader-Submitted Photo

Brian P. Beck, Patrick Knauth, and Daniel J. Friedman at the University of Hartford Baseball Cookout.
(Candice Canace / May 25, 2013)


7:10 p.m. EDT, May 25, 2013

Local financial advisory firm, Wealth Management Group of North America, LLC (WMGNA), sponsored a cookout for Senior Day in support of the University of Hartford baseball team on Saturday, May 18. The two graduating seniors on the team, Tyler Corsi and Patrick Knauth, were recognized on the field before Saturday’s game. Tyler is from Cranston, RI and he is an Accounting Major at University of Hartford. Tyler was named to the America East Commissioner’s Honor Roll for two straight years and was named to the America East Academic Honor Roll in his junior year. Pat Knauth is an Insurance and Finance major from Buffalo, NY. Pat was recently honored by the College Sports Information Directors of America as a Capital One Academic All-America District I First Team recipient. The award, which is sponsored by Capital One, named a first team from eight different districts with those 88 honorees now eligible to be named to the All-America team which will be announced on May 31.

The baseball team and their families enjoyed the post-game cookout with WMGNA’s CEO, Daniel J. Friedman, and President and CFO, Brian P. Beck. “We are happy to give back to our local community and assist in fostering the University of Hartford Department of Athletics Mission Statement. We are very involved in the educational and personal development of students in the Greater Hartford Region,” commented Daniel J. Friedman.

WMGNA has been sponsoring the Hawks’ baseball team for two seasons and has committed to supporting the growth of the baseball program. Hawks baseball and WMGNA partnered, last September, for a charity car wash to benefit the Miracle League of Connecticut. In addition, WMGNA presented Hawks baseball player, Michael Thatcher, with the Alan L. Beck Award for exemplary performance in academics and athletics last spring.

Wealth Management Group of NA, LLC is a comprehensive wealth management company in Farmington.

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Saturday, May 25th, 2013 EN No Comments

Expect good upside in City Union Bank & Surya Roshni in short term: G …


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    City Union Bank has created three times wealth in the last years and Surya Roshni has got 30% sales coming from the branded lights.
    City Union Bank has created three times wealth in the last years and Surya Roshni has got 30% sales coming from the branded lights.


    Vol: shares traded


    Vol: shares traded

    In an interview with ET Now, G Chokkalingam, Executive Director Chief Investment Officer, Centrum Wealth Management, shares some trading ideas. Excerpts:

    ET Now: What is the view on SBI? How much more downside is left in the stock?

    G Chokkalingam: The stock can fall by another 5% because though the gross NPA has come down for the March quarter, it is still at a very elevated level at 4.5. I always bank on the parameter of the quarterly profit versus outstanding net NPA.

    For SBI, outstanding net NPA is around Rs 22,000 crore whereas quarterly profit is around Rs 3,000 crore and there are many efficient banks which have got profit one-third, one-fourth of the quarterly profit itself. So going by these parameters, I would still be nervous on SBI. It should fall by at least another 5% now.

    ET Now: Ranbaxy is 17% down, and there are a couple of news bits about Daiichi Sankyo as well as the DGCI probe too. What do you do with this one?

    G Chokkalingam: I have been always negative on the stock. I would suggest investors to come out even at this point because the allegations are quite serious in nature and second in the recent past if you see the quarterly profits or the stock price movement, among the pharma stocks it has been extremely volatile.

    That itself gives us lot of uncertainty. Therefore, I would suggest even after this steep fall, investors should consider coming out of the stock.

    ET Now: Did Tech Mahindra numbers impress you?

    G Chokkalingam: Yes, certainly it is quite impressive. People can hold on to the stock because the rupee is going through a little stress. Therefore it would be a good defensive against any possible erosion in the rupee exchange rate and hence on the stock market.

    So, one should hold on to the stock for at least next three to four months.

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    Saturday, May 25th, 2013 EN No Comments

    Three Reasons Why the Golden Age of Dividends Is Dawning

    The golden days of summer might also brighten the portfolios of dividend lovers.

    With most large corporations swimming in cash as the economy and earnings improve, adopting a dividend-centric strategy looks even more promising for moderate-risk investors.

    Dividends, the portion of earnings that corporations pass along to shareholders in the form of quarterly payments, are becoming more generous. Not only do they reward long-term shareholders with higher total return, they are proven …


    Saturday, May 25th, 2013 EN No Comments

    Handelsbanken Completes Acquisition of Heartwood in the UK

    STOCKHOLM–(BUSINESS WIRE)–Regulatory News:

    On 6 February 2013, Handelsbanken (STO:SHBA) (OSE:SHB) announced that an
    agreement had been entered into with the British wealth management firm
    Heartwood Wealth Group Ltd (”Heartwood”) concerning acquisition of
    shares in the company.

    Handelsbanken has now received permission from the British financial
    supervisory authority (Financial Conduct Authority) to acquire
    Heartwood. This means that all the conditions for the acquisition have
    been met.

    Handelsbanken is acquiring all shares in Heartwood, including its wholly
    owned subsidiary Heartwood Wealth Management Ltd. Initially, the
    acquisition will have only a marginal impact on the Handelsbanken
    Group’s key figures.

    Heartwood has some 90 employees and conducts discretionary management
    with assets under management of approximately GBP 1.6 billion.

    Handelsbanken discloses the information provided herein pursuant to the
    Securities Markets Act. Submitted for publication on 24 May 2013, at
    11.00 CET.

    For more information about Handelsbanken, please go to:

    This information was brought to you by Cision


    Saturday, May 25th, 2013 EN No Comments