Archive for August, 2015

RBC Capital Given Consensus Recommendation of "Hold" by Brokerages (NYSE:RY)

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Shares of RBC Capital (NYSE:RY) have earned an average rating of “Hold” from the twelve ratings firms that are presently covering the firm, AnalystRatingsNetwork.com reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $80.33.

RY has been the topic of several research analyst reports. Zacks lowered shares of RBC Capital from a “buy” rating to a “hold” rating in a research report on Thursday, May 14th. BMO Capital Markets reiterated a “market perform” rating and set a $90.00 price target (up previously from $89.00) on shares of RBC Capital in a research report on Monday, June 1st. CIBC reissued a “sector outperform” rating and issued a $87.00 price objective (up previously from $86.00) on shares of RBC Capital in a research note on Monday, June 1st. Scotiabank reaffirmed a “sector outperform” rating and set a $84.00 price target (up previously from $83.00) on shares of RBC Capital in a research note on Monday, June 1st. Finally, TD Securities reissued a “buy” rating and set a $90.00 target price (up previously from $88.00) on shares of RBC Capital in a research note on Monday, June 1st.

RBC Capital (NYSE:RY) opened at 56.04 on Friday. The company has a market cap of $82.68 billion and a PE ratio of 11.37. The stock has a 50 day moving average of $57.95 and a 200-day moving average of $61.70. RBC Capital has a 1-year low of $51.27 and a 1-year high of $76.08.

RBC Capital (NYSE:RY) last released its quarterly earnings results on Wednesday, August 26th. The company reported $1.25 earnings per share for the quarter, missing the Thomson Reuters consensus estimate of $1.29 by $0.04. During the same quarter in the previous year, the company earned $1.62 EPS. On average, equities research analysts predict that RBC Capital will post $6.62 earnings per share for the current year.

Royal Bank of Canada is a banking company. It serves over 16 million personal, business as well as corporate customers across a diversified mixture of businesses in 40 countries. The Company’s five business segments include Personal Commercial Banking, Wealth Management, Insurance, Investor Treasury Services and Capital Markets. The Company’s Personal Commercial Banking consists of personal and company banking operations, auto financing and retail investment businesses. Wealth Management includes Canadian Wealth Management, United States and International Wealth Management and Global Asset Management. Insurance consists of its insurance operations in Canada and internationally and operates under two business lines: Canadian Insurance and International Insurance. Investor Treasury Services section offers global custody, fund and pension management. Capital Markets consists of a big part of its international wholesale banking companies.

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Friday, August 28th, 2015 EN No Comments

Deutsche Asset & Wealth Management Announced the Net Asset Value Information …

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NEW YORK–(BUSINESS WIRE)–
Deutsche Asset Wealth Management (Deutsche AWM) announced the net
asset value (NAV) per share of the below exchange traded funds (ETFs)
effective as of Wednesday, August 26, 2015. The NAVs differ from
previously disclosed indicative NAVs (iNAVs).

Read additional information

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The NAV adjustments are a result of a system malfunction experienced by
the Fund Accounting Agent, which calculates the NAV for the Deutsche AWM
ETFs.

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For more information about the ETFs available in the US, visit: http://www.deutsche-etfs.com.
For further information, please call:

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Friday, August 28th, 2015 EN No Comments

Robos Say They’re Doing Fine in the Correction, Thanks

Skeptics of automated financial-advice platforms have said a major market downturn would send their clients running for the gates, to then miss out on the subsequent return. But the two largest retail-oriented robo-advice platforms, Betterment and Wealthfront, say their clients are taking the recent tumble in stride, The Wall Street Journal reports.

Dan Egan, Betterment’s director of behavioral finance and investing, said Monday there has been “almost no change in behavior in recent days” among the company’s 105,000 customers, except for a small uptick in deposits, according to the Journal. Wealthfront also said Monday that while volume on the platform does rise during times of volatility, so far it doesn’t indicate any sort of “mass hysteria.”

Most robo-advice platforms use questionnaires to determine a client’s risk tolerance and design predominantly passive portfolios of low-cost ETFs that are usually automatically rebalanced and offer tax-loss harvesting, the Journal explains. Wealthfront’s portfolios allocate at least 10% to bonds and no more than 90% to stocks, and normally significantly less, Egan says. And Betterment caps the maximum U.S. stock allocation at 35%, according to WealthManagement.com.

In PR terms, the companies also dealt differently with the precipitous fall in share prices on Friday and Monday. Betterment had a “targeted message” for customers logging in, and went on Twitter to deal with customer complaints, but did not send out any mass communications about the stock market, reports WealthManagement.com. “Don’t force it on customers if they didn’t initiate the conversation, but be ready to have it,” Egan tells the Web publication — adding that 83% of the firm’s customers didn’t log into their accounts after the correction began.

Wealthfront, on the other hand, was “active” on Twitter and emailed customers a link to a blog post written by CEO Adam Nash reminding investors about keeping the course and focusing on the long term, says WealthManagement.com.

On social media, the view from the customer side was mixed: While some customers complained about the performance of their Betterment and Wealthfront portfolios, some bragged that the automated portfolios were doing better than their do-it-yourself accounts, WealthManagement.com notes. Meanwhile, advisors who use Betterment as custodian for their clients’ assets were “unfazed,” says the publication.

Both companies engaged in tax-loss harvesting, with Wealthfront claiming in a blog post to have generated 0.81% of alpha in the first six months of the year.

Wealthfront’s Egan, for one, remains optimistic about what the current volatility will ultimately do in the battle between humans and robos. “We are waiting to see how many people realize active management isn’t working for them and want to try a low-cost, efficient solution,” he tells WealthManagement.com.

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Thursday, August 27th, 2015 EN No Comments

Markets Group: 500+ Wealth Management Leaders Gather for the Largest Regional … – SYS


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NEW YORK, Aug. 27, 2015 /PRNewswire/ — Markets Group will host the 3rd Annual Private Wealth Latin America The Caribbean Forum, the largest conference of the wealth management space. This event is a two day series of presentations, panels, roundtables and interviews on October 20th and 21st at the JW Marriott in Miami, Florida.

Attendees will meet and hear from three different keynote addresses and interviews, in addition to over 120 wealth managers, asset managers, and private bankers. The two-day forum will provide education on asset allocation, protection, private client management, offshore structuring, tax, trust, and estate planning. More than 500 executives are expected to attend, including experts on the private client landscape from around Latin America and the Caribbean, with over 30 countries represented.

2015 Speakers:

Vicente Fox, President of Mexico (2000-2006)
Bob Browne, Executive Vice President Chief Investment Officer, Northern Trust
Dan Mitchell
, Senior Fellow, The Cato Institute
Maria Elena Lagomasino
, Chief Executive Officer, WE Family Offices (US)
Alfredo Monge, President, Grupo Monge (Costa Rica)
Patricia Sierra, Executive Director, Fundacion Pies Descalzos (Colombia)
Humberto Garcia de Alba, Chief Investment Strategist Private Banking, BBVA Bancomer (Mexico)
Chris Battifarano, Director of Research, GenSpring Family Offices (US)
Maria Awilda Quintana, Head of Wealth Management, Banco Popular (Puerto Rico)
Cara Williams, Global Head of Wealth Management, Mercer (UK) 

To register, view a full list of speakers and the event agenda visit: http://www.marketsgroup.org/campaigns/private-wealth-miami-forum-2015?utm_source=latam-private-wealth_-latin-america-the-caribbean-forum_08.20.2015_partner_website_pr-newswire-1utm_medium=websiteutm_campaign=latam-private-wealth_-latin-america-the-caribbean-forum_08.20.2015_partner_website_pr-newswire-1

Latin America hosts one of the highest concentrations of HNWIs in the world. There are at least 50 billionaires in Brazil, and more than 200 individuals who are worth more than USD 500 million. Latin American economic growth will be faster than the world as a whole, expanding to account for 9% of the global economy by 2030. International banks are investing heavily in Brazil and wealth management groups increasing their yearly revenue.

Event Sponsors: ALPS. Avior Executive Search, BVI Finance, Carmignac Gestion, Columbus Frontiers, Foment Economico de Puerto Rico, DoubleLine, Giovanini F Advogados, Henley Partners, HSBC, International Wealth protection, Lombard International Assurance, The Lucidity Fund, Marcus Millichap, Miami DDA, Natixis, Paulson Co. Inc., PinBridge Investment, Pioneer Investments, Private Wealth Systems, ProShares, Schroders, SGG Corporate Fund Administration Services

Timbervest, Vanguard, Vistra, Vivanco Vivanco.

If your firm is interested in attending or joining the speaker faculty, contact Maria Tatis at 1.646.202.9436 or [email protected].

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Thursday, August 27th, 2015 EN No Comments

RBC Global Asset Management becomes a signatory of the United Nations … – SYS


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TORONTO, Aug. 27, 2015 /CNW/ – RBC Global Asset Management (RBC GAM)
today announced that it has become a signatory of the United
Nations-supported Principles for Responsible Investment (UN PRI).1 The UN PRI is recognized as the leading global network for investors
who are committed to integrating environmental, social and corporate
governance (ESG) considerations into their investment practices and
ownership policies.

“While ESG integration is not new to our investment process, adopting
the UN PRI further demonstrates our ongoing commitment to responsible
investing,” said Dan Chornous, chief investment officer of RBC GAM. “As
investment managers, we have a fiduciary duty to explore all factors
that could potentially impact the performance of companies in which we
invest. Implementing the principles of the UN PRI across all our
investment classes and ensuring our teams are sufficiently resourced to
deliver on that promise is consistent with our primary focus on
maximizing returns for our clients.”

RBC GAM’s Corporate Governance Responsible Investment (CGRI) group is
responsible for managing and coordinating responsible investment
activities, which include integrating ESG considerations across all its
investment classes, proxy voting in accordance with internally
developed principles, engagement with investee companies and
collaboration with other like-minded investors.

“Our approach to responsible investment is anchored by the knowledge
that our clients have entrusted us to help them secure a better
financial future for themselves or their beneficiaries,” said Judy
Cotte
, vice-president and head of RBC GAM’s CGRI group. “We believe
that our role as an active, engaged and responsible owner allows us to
enhance the long-term, sustainable performance of our investment
solutions.”

RBC GAM has a long history of acting as an engaged asset manager. In
addition to becoming a signatory of the UN PRI, RBC GAM is a founding
member of the Canadian Coalition for Good Governance (CCGG) and Mr.
Chornous has been the board chair since 2011. RBC GAM is also a
Sustaining Member of the Responsible Investment Association (RIA), a
non-profit organization committed to advancing the use of ESG criteria
in Canada’s investment industry, and is a member of the International
Corporate Governance Network and the Council of Institutional
Investors.

For more information on RBC GAM and its commitment to responsible
investing, please visit www.rbcgam.com.

About RBC Global Asset Management and RBC Wealth Management
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada
(RBC), and includes institutional money managers BlueBay Asset
Management and Phillips, Hager North Investment Management. RBC GAM
is a provider of global investment management services and solutions to
individual, high-net-worth and institutional investors through mutual
funds, exchange-traded funds, hedge funds, pooled funds, separate
accounts and specialty investment strategies. RBC GAM group of
companies manage more than $385 billion and have approximately 1,300
employees located across Canada, the United States, Europe and Asia.

RBC GAM is part of RBC Wealth Management, which is one of the world’s top five largest wealth managers*. RBC
Wealth Management directly serves affluent, high-net-worth and
ultra-high net worth clients globally with a full suite of banking,
investment, trust and other wealth management solutions, from our key
operational hubs in Canada, the United States, the British Isles, and
Asia. The business also provides asset management products and services
directly and through RBC and third party distributors to institutional
and individual clients, through its RBC GAM business.

RBC Wealth Management has more than C$778 billion of assets under
administration, more than C$503 billion of assets under management and
approximately 4,050 financial consultants, advisors, private bankers,
and trust officers. For more information, please visit www.rbcwealthmanagement.com.

*Scorpio Partnership Global Private Banking KPI Benchmark 2015. In the
United States
, securities are offered through RBC Wealth Management, a
division of RBC Capital Markets, LLC, a wholly owned subsidiary of
Royal Bank of Canada. Member NYSE/FINRA/SIPC.

About Royal Bank of Canada
Royal Bank of Canada is Canada’s largest bank, and one of the largest
banks in the world, based on market capitalization. We are one of North
America’s
leading diversified financial services companies, and provide
personal and commercial banking, wealth management, insurance, investor
services and capital markets products and services on a global basis.
We employ approximately 79,000 full- and part-time employees who serve
more than 16 million personal, business, public sector and
institutional clients through offices in Canada, the U.S. and 38 other
countries. For more information, please visit rbc.com.

RBC is recognized among the world’s financial, social and environmental
leaders and is listed on the 2014 Dow Jones Sustainability World Index,
the DJSI North American Index, the Jantzi Social Index and the
FTSE4Good Index. RBC is one of Canada’s Greenest Employers, and one of
Canada’s 50 Most Socially Responsible Corporations. Learn more at www.rbc.com/community-sustainability.

RBC supports a broad range of community initiatives through donations,
sponsorships and employee volunteer activities. In 2014, we contributed
more than $111 million to causes worldwide, including donations and
community investments of more than $76 million and $35 million in
sponsorships.

____________________________________
1 RBC Global Asset Management has signed the UN PRI on behalf of a number
of its affiliated entities including RBC Global Asset Management Inc.
(including Phillips, Hager North Investment Management), RBC Global
Asset Management (U.S.) Inc., RBC Alternative Asset Management Inc.,
RBC Global Asset Management (UK) Limited and the asset management
division of RBC Investment Management (Asia) Limited. Its affiliate
BlueBay Asset Management LLP is already a signatory to the UN PRI.

SOURCE RBC

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Thursday, August 27th, 2015 EN No Comments

Manulife Financial Corporation: Manulife Asset Management names Bruno Lee Head …

Tickers: MFC PRU AV PFG GSVC NMFC ACAS AINV 

New role to expand distribution platform and drive sales in Asia

HONG KONG – Manulife Asset Management announced today the appointment of Bruno Lee to the position of Head of Partnership, Product and Platform Development, Wealth and Asset Management, Asia. The appointment is part of the ongoing integration of the company’s Asia wealth and asset management teams and helps to strengthen its foothold in the region.


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Mr. Lee’s appointment is effective 1 September 2015. Based in Hong Kong, he will report to Michael Dommermuth, Head of Wealth and Asset Management, Asia for Manulife Asset Management.

Mr. Dommermuth welcomed Mr. Lee to Manulife Asset Management: “Since the start of the year, we’ve been working to bring our wealth and asset management businesses together in the region, combining institutional investment management with retail distribution. We are very pleased to welcome an industry veteran like Bruno to the team and believe he will play a key role in strengthening our distribution platform and helping to drive the overall growth of our business in Asia.”

Mr. Dommermuth added: “With operations in 10 regional markets, Manulife Asset Management has a virtually unmatched wealth and asset management footprint across Asia. Bruno’s thorough understanding of key markets will help create an even stronger platform to bring much needed and relevant investment solutions to more clients and distributors. He has a proven track record in creating and implementing successful retail and wholesale distribution capabilities. This, coupled with his leadership and management skills, will be instrumental in driving our growth strategy in Asia.”

In what is a newly created role, Mr. Lee will focus on expanding intermediary channels, securing new partners, developing wholesaling capabilities and delivering a product suite to meet the needs of customers across all channels in Asia. In addition, Bruno will be responsible for the Asia Investment Management Services (IMS) team, which includes manager selection, performance monitoring and review of all managers across Asia platforms.

Mr. Lee joins Manulife Asset Management from Fidelity Worldwide Investment where he was Regional Head of Retail, Asia ex-Japan. Prior to that, he was Regional Head of Wealth Management, Asia Pacific, Retail Banking and Wealth Management at HSBC in Hong Kong. Mr. Lee also held senior roles with Invesco and Fidelity Worldwide Investment in Taiwan and Hong Kong after beginning his career with HSBC in Hong Kong.

Mr. Lee is a member of the Hong Kong Securities and Futures Commission’s Product Advisory Committee and of the interim steering committee for the Hong Kong Strategy for Financial Literacy, Investor Education Centre. He has also been an executive committee member and Chairman of the Hong Kong Investment Funds Association for 2014/2015.

About Manulife Asset Management
Manulife Asset Management is the global asset management arm of Manulife, providing comprehensive asset management solutions for investors. This investment expertise extends across a broad range of public and private asset classes, as well as asset allocation solutions. As at 30 June 2015, assets under management for Manulife Asset Management were approximately US$302 billion. Manulife Asset Management’s public markets units have investment expertise across a broad range of asset classes including public equity and fixed income, and asset allocation strategies. Offices with full investment capabilities are located in the United States, Canada, the United Kingdom, Japan, Hong Kong, Singapore, Taiwan, Indonesia, Thailand, Vietnam, Malaysia, and the Philippines. In addition, Manulife Asset Management has a joint venture asset management business in China, Manulife TEDA. The public markets units of Manulife Asset Management also provide investment management services to affiliates’ retail clients through product offerings of Manulife and John Hancock. John Hancock Asset Management and Declaration Management and Research are units of Manulife Asset Management. Additional information about Manulife Asset Management may be found at ManulifeAM.com.

About Manulife
Manulife Financial Corporation is a leading international financial services group providing forward-thinking solutions to help people with their big financial decisions. We operate as John Hancock in the United States, and Manulife elsewhere. We provide financial advice, insurance and wealth and asset management solutions for individuals, groups and institutions. At the end of 2014, we had 28,000 employees, 58,000 agents, and thousands of distribution partners, serving 20 million customers. At the end of June 2015, we had C$883 billion (US$708 billion) in assets under management and administration, and in the previous 12 months we made more than C$22 billion in benefits, interest and other payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as ‘MFC’ on the Toronto, New York, and the Philippine stock exchanges and under ‘945’ in Hong Kong.www.manulife.com or www.johnhancock.com.

Media contact:
Sadie Lam
sadie.lam@fleishman.com
Tel: +852 2586 7836


distributed by


This content was issued by Manulife Financial Corporation on the 2015-08-12 and was initially posted on www.manulife.com. It was distributed, unedited and unaltered, by noodls on 2015-08-26 13:11:18 UTC. The original issuer is solely responsible for the accuracy of the information contained therein.

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Wednesday, August 26th, 2015 EN No Comments

U.S. Money-Market Funds Raise Fees After Years of Cutting Them

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BOSTON, Aug 26 (Reuters) – U.S. money-market funds, which have lost billions of dollars in revenue since the height of the financial crisis, are raising fees after years of cutting them, according to industry executives and analysts.

The $2.7 trillion industry has lost some $30 billion in revenue since 2009, according to the Investment Company Institute. Money funds reduced fees to ensure that investors did not actually lose money in an era of rock-bottom interest rates.

But in recent months, top money-market fund sponsors including No. 1 Fidelity Investments, Federated Investors Inc and Charles Schwab Corp, have been charging higher fees as they recognize slightly better yields on the securities they buy for their funds.

“Fund companies see the light at the end of the tunnel,” said Peter Crane, president of money fund research firm Crane Data LLC.

With expectations that the U.S. Federal Reserve will raise interest rates, yields on the securities that money-market funds purchase, such as short-term corporate debt and bank certificates of deposit, have risen slightly.

To be sure, no major money-fund repricing is expected until the Fed actually makes a move. And there is no guarantee a rate hike will happen this year, especially if China’s globe-rattling stock market correction dampens the outlook for U.S. economic growth.

The average expense ratio on all money-market funds was 0.13 percent in the second quarter, compared with an all-time low of 0.11 percent recorded in the three previous quarters, according to iMoneyNet Inc, a money fund research firm in Westborough, Massachusetts.

That uptick in charged expenses continued into August, according to senior executives at two large money-fund sponsors. They declined to be named because they were not authorized to speak about fee trends.

Analysts at Jefferies recently raised their outlook for Federated Investors, the No. 4 money-fund sponsor with $206 billion in assets, because of an expected reduction in waived expenses.

In recent weeks, executives at Northern Trust Corp, T. Rowe Price Group Inc and Charles Schwab also have discussed rising fee trends during conference calls with analysts and investors.

Meanwhile, a number of smaller money-market sponsors have been consolidated or they have liquidated fund assets amid low fees and more regulation. Profit margins have been crushed, according to Crane.

At the end of July, there were 75 money-market fund complexes that reported to iMoneyNet. That is down from 83 in the year-ago period, said Mike Krasner, managing editor of iMoneyNet Inc. (Reporting By Tim McLaughlin; Editing by Bill Rigby)

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Wednesday, August 26th, 2015 EN No Comments

BlackRock to Acquire FutureAdvisor

NEW YORK–(Business Wire)–BlackRock, Inc. (NYSE:BLK) has entered into a definitive
agreement to acquire FutureAdvisor, a leader in digital wealth
management.

FutureAdvisor will operate as a business within BlackRock Solutions
(BRS), the firm’s world-class investment and risk management platform.
The unit will provide financial institutions with high quality,
technology-enabled advice capabilities to improve their clients’
investment experience.

The combined offering will enable financial institutions to grow their
advisory businesses by leveraging technology to meet a growing consumer
trend of engaging with technology to gain insights on their investment
portfolios, including when making critical decisions around retirement.
This need is particularly acute among the mass-affluent – a large
segment accounting for 30% of total U.S. investable assets.

The acquisition of FutureAdvisor helps meet the needs of a range of
financial institutions including banks, insurers, large and small
broker-dealers, 401(k) platforms, and other advisory firms looking for a
digital-advice platform to increase customer loyalty and grow advisory
assets.

“As demand for digital wealth management grows, we believe that our
combined offering will accelerate our partner firms’ abilities to serve
the mass affluent in a convenient, scalable way,” said Tom Fortin, Head
of Retail Technology for BlackRock.

“BlackRock Solutions has a history of offering technology and advisory
services to a broad range of institutions. The acquisition of
FutureAdvisor is an extension of BRS’ mission to help clients solve
their most complex investment challenges through technology,” said
Robert Goldstein, Chief Operating Officer and global head of BlackRock
Solutions.

FutureAdvisor is a leader in digital wealth management. Its
technology-enabled advice capabilities include: personalized advice that
can look holistically across clients’ brokerage, IRA and 401(k)
accounts; tax-efficient portfolio management; mobile and web
applications; online account enrollment; and multi-custodian support.
BlackRock will complement these capabilities with multi-asset class
model portfolios, superior investment products and BlackRock Solutions’
long history of delivering enterprise technology and risk analytics from
Aladdin® to partner firms.

“BlackRock has dedicated enormous effort over the years to improving
financial outcomes through its leading active and passive investment
offerings as well as innovative retirement planning tools including its
CoRI™ Retirement Indexes. We look forward to integrating and delivering
this expertise to investors in partnership with financial institutions
in the months to come,” said Bo Lu, Chief Executive Officer and
Co-Founder of FutureAdvisor.

The transaction is subject to customary closing conditions and is
expected to close in the fourth quarter of 2015. The financial impact of
the transaction is not material to BlackRock earnings per share. Terms
were not disclosed.

About BlackRock

BlackRock is a global leader in investment management, risk management
and advisory services for institutional and retail clients. At June 30,
2015, BlackRock’s AUM was $4.721 trillion. BlackRock helps clients
around the world meet their goals and overcome challenges with a range
of products that include separate accounts, mutual funds, iShares®
(exchange-traded funds), and other pooled investment vehicles. BlackRock
also offers risk management, advisory and enterprise investment system
services to a broad base of institutional investors through BlackRock
Solutions
®. As of June 30, 2015, the firm had
approximately 12,400 employees in more than 30 countries and a major
presence in key global markets, including North and South America,
Europe, Asia, Australia and the Middle East and Africa. For additional
information, please visit the Company’s website at www.blackrock.com
| Twitter: @blackrock_news
| Blog: www.blackrockblog.com
| LinkedIn: www.linkedin.com/company/blackrock

About FutureAdvisor

FutureAdvisor, based in San Francisco, is an award-winning registered
investment advisory firm serving clients nationwide. Our team of
Chartered Financial Analysts and Math PhDs use software to actively
monitor and manage clients’ existing 401(k), IRA, and taxable accounts
from a household-wide, long-term perspective. Visit FutureAdvisor.com
and see how we can help you reach your financial goals.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150826005586/en/

Media:
BlackRock, Inc.
Brian Beades, 212-810-5596
Brian.Beades@blackrock.com
or
Jessica
Greaney, 212-810-5498
Jessica.Greaney@blackrock.com

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Wednesday, August 26th, 2015 EN No Comments

BMO profits rise on consumer banking gains

Royal Bank of Canada, the country’s largest lender, and National Bank of Canada, the sixth biggest, report results Wednesday. Toronto-Dominion Bank, the No. 2 lender, and Canadian Imperial Bank of Commerce, post results Thursday, followed on Aug. 28 by No. 3-ranked Bank of Nova Scotia.

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Tuesday, August 25th, 2015 EN No Comments

Berthel Fisher Leverages Envestnet’s ENV 2 to Enhance Wealth Management Solutions – Virtual

CHICAGO, Aug. 25, 2015 /PRNewswire/ — Envestnet, Inc. (NYSE: ENV) announces that ENV 2, its next-generation platform, has been chosen by the Berthel Fisher family of companies to power the BerthelEDGE Investment Advisory Platform, an integrated, multi-custodial technology suite for its network of independent financial advisors.

Envestnet, Inc. (NYSE: ENV) is a leading provider of unified wealth management technology and services to investment advisors. Our open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance and value. Envestnet solutions enable the transformation of wealth management into a transparent, independent, objective and fully-aligned standard of care, and empower advisors to deliver better outcomes. Visit www.envestnet.com.

“ENV 2 offers simplified navigation and enhanced mobility combined with customization capabilities to give advisors the power to grow their practices by spending more time nurturing client relationships,” said Lori Hardwick, Group President, Advisor Services, Envestnet. “We are proud to partner with Berthel Fisher to help its advisors remain competitive by managing wealth more effectively.”

The custodian-agnostic ENV 2 console enables advisors to efficiently trade, rebalance, conduct research, access and update account data, and create and send performance reports using desktop computers or mobile devices. ENV 2’s ability to execute reporting and billing tasks using a single tool, as well as other features designed to streamline workflow processes, will be useful to Berthel Fisher’s registered investment advisors.

The Berthel Fisher family of companies based in Marion Iowa, consists of two independent broker-dealers, Berthel Fisher Company Financial Services, Inc. (also a SEC Registered Investment Advisor Member FINRA/SIPC) and Securities Management Research, Inc. Member FINRA/SIPC; and an additional SEC Registered Investment Advisor BFC Planning, Inc. The firm offers advisors a multitude of affiliation options and investment vehicles, to meet clients’ individual goals and needs.  Berthel Fisher also partners with four industry leading institutional custodial platforms to give their investment advisors choices and flexibility in whom they choose to custody assets.  

“Berthel Fisher continues to revitalize itself in the marketplace and expand both its broker/dealers and registered investment advisory firms,” said Thomas J. Berthel, Chief Executive Officer, Berthel Fisher. “Independent advisors can enjoy the benefits of the choices at Berthel Fisher with a strongly diversified platform of offerings. The Envestnet platform and its direct expansion of our investment advisory services will add to our growth and is a great addition to our family of companies.  We believe strongly that the addition of the BerthelEDGE technology to our already diverse RIA platform makes the Berthel Fisher family of companies an attractive destination for independent advisors who are looking for greater freedom in their choice of custodians, all while providing them the best and most integrated advisory technology on the street powered by Envestnet.

About Envestnet
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Envestnet, Inc. (NYSE: ENV) is a leading provider of unified wealth management technology and services to investment advisors. Our open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance, and value. Envestnet solutions enable the transformation of wealth management into a transparent, independent, objective, and fully-aligned standard of care, and empower advisors to deliver better outcomes.

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Tuesday, August 25th, 2015 EN No Comments