Investment management

Symetra Investment Management (SIM) Becomes Registered Investment Advisor

Thursday, April 15, 2021 - 6:00pm

b"Symetra Financial Corporation today announced that its investment subsidiary, Symetra Investment Management Company (SIM), is now a Registered Investment Advisor (RIA) with the Securities and Exchange Commission.

Key Points: 
  • b"Symetra Financial Corporation today announced that its investment subsidiary, Symetra Investment Management Company (SIM), is now a Registered Investment Advisor (RIA) with the Securities and Exchange Commission.
  • In the near term, we continue to focus on and expand the investment portfolios we manage for Symetra and Sumitomo Life.
  • Ms. Guajardo joined Symetra in March 2020 from MetLife Investment Management\xe2\x80\x99s Private Placement Group, where she was managing director and head of relationship management.
  • He has over 24 years of investment management industry experience and was most recently senior vice president and corporate controller at York Capital Management, an investment adviser to private investment partnerships and offshore investment funds.

HoldCo Comments on ISS Report Regarding Proposed Boston Private / SVB Merger

Thursday, April 15, 2021 - 1:09pm

Further, in its report ISS makes numerous points that would seem to support a vote against the Merger.\nWe continue to believe that shareholders would be better off under any scenario other than the Merger.

Key Points: 
  • Further, in its report ISS makes numerous points that would seem to support a vote against the Merger.\nWe continue to believe that shareholders would be better off under any scenario other than the Merger.
  • SIVB has stated that the merger accelerates the growth of its private banking and wealth management businesses.
  • As the investment manager of HoldCo Fund, HoldCo Asset Management may be deemed to beneficially own the 4,049,816 shares of Common Stock owned directly by HoldCo Fund.
  • Deng, Frankel or Shahon beneficially own any securities of the Company.\n1 Permission to quote from the ISS report was neither sought nor obtained.

CI Financial Reports Record Total Assets of $240.6 Billion for March 2021

Wednesday, April 14, 2021 - 6:57pm

(\xe2\x80\x9cCI\xe2\x80\x9d) (TSX: CIX , NYSE: CIXX) today reported preliminary assets under management as at March 31, 2021 of $138.5 billion and wealth management assets of $102.1 billion, for total assets of $240.6 billion.

Key Points: 
  • (\xe2\x80\x9cCI\xe2\x80\x9d) (TSX: CIX , NYSE: CIXX) today reported preliminary assets under management as at March 31, 2021 of $138.5 billion and wealth management assets of $102.1 billion, for total assets of $240.6 billion.
  • These represent CI\xe2\x80\x99s highest-ever month-end levels for wealth management assets and total assets.\n\xe2\x80\x9cWe believe the growth in assets to record levels reflects our success in implementing our strategic priorities of modernizing asset management, expanding CI\xe2\x80\x99s wealth management platform and globalizing the firm,\xe2\x80\x9d said Kurt MacAlpine, CI Chief Executive Officer.
  • Canadian wealth management assets at $71.1 billion were up 2.3% in March and up 61.2% from one year ago.
  • Canadian wealth management assets consist of the assets of CI Assante Wealth Management, Aligned Capital Partners Inc., CI Private Counsel LP, CI Direct Investing and Virtual Brokers.\nU.S.

Franklin Resources, Inc. Announces Month-End Assets Under Management

Monday, April 12, 2021 - 9:30pm

Franklin Templeton\xe2\x80\x99s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions.

Key Points: 
  • Franklin Templeton\xe2\x80\x99s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions.
  • Through its specialist investment managers, the company brings extensive capabilities in equity, fixed income, multi-asset solutions and alternatives.
  • With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has over 70 years of investment experience.
  • Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other possible future conditions.

BTIG Again Ranked #1 U.S. Transition Manager in Multiple Categories in the Annual Chief Investment Officer Survey

Monday, April 12, 2021 - 1:30pm

b'BTIG announced today that the firm has once again been ranked a top provider in the U.S. by Chief Investment Officer in its annual Transition Management Survey.

Key Points: 
  • b'BTIG announced today that the firm has once again been ranked a top provider in the U.S. by Chief Investment Officer in its annual Transition Management Survey.
  • BTIG\xe2\x80\x99s Transition Management professionals deliver an end-to-end solution for clients.
  • \xe2\x80\x9cThroughout the life cycle of each transition, our committed team is focused exclusively on the needs of clients.
  • The firm\xe2\x80\x99s core capabilities include global execution, portfolio, electronic and outsource trading, transition management, investment banking, prime brokerage, capital introduction, corporate access, research and strategy, commission management and more.\nAbout Chief Investment Officer\xe2\x80\x99s 2020 Transition Management Survey Methodology:\nAccording to Chief Investment Officer, \xe2\x80\x9cthe 2020 Transition Management Survey was conducted in late 2020 and gathered responses from both providers of transition management services and the clients they service.

Spatial Risk Systems announces leadership additions

Thursday, April 15, 2021 - 8:15pm

b'NEW YORK, April 15, 2021 /PRNewswire/ -- Spatial Risk Systems (formerly known as Woobler.com), a leader in the emerging field of spatial finance isexcited to announce the following additions to its growing team.\nRaymond Clarke Chief Product Officer: Raymond brings a wealth of experience in developing and launching credit and risk related solutions based upon his previous roles at DBRS Morningstar and Moody\'s Investors Service.\n"I am excited to be joining the SRS team as \'Spatial Risk\' represents a new approach in leveraging asset locations, corporate ownership, and empirical data sources to evaluate company, industry and sector risk," said Raymond Clarke.\nCary Krosinsky Academic Advisor: Cary is a widely respected educator, author, and advisor, teaching classes on \'Sustainable Investing\' at Brown as well as other universities including Yale and NYU.\nCary is also a noted author on sustainable investing.

Key Points: 
  • b'NEW YORK, April 15, 2021 /PRNewswire/ -- Spatial Risk Systems (formerly known as Woobler.com), a leader in the emerging field of spatial finance isexcited to announce the following additions to its growing team.\nRaymond Clarke Chief Product Officer: Raymond brings a wealth of experience in developing and launching credit and risk related solutions based upon his previous roles at DBRS Morningstar and Moody\'s Investors Service.\n"I am excited to be joining the SRS team as \'Spatial Risk\' represents a new approach in leveraging asset locations, corporate ownership, and empirical data sources to evaluate company, industry and sector risk," said Raymond Clarke.\nCary Krosinsky Academic Advisor: Cary is a widely respected educator, author, and advisor, teaching classes on \'Sustainable Investing\' at Brown as well as other universities including Yale and NYU.\nCary is also a noted author on sustainable investing.
  • The latest being his seventh book \'Modern China\', calling for better relations between China and the West for the sake of solving climate change.\nCary advises in numerous capacities, and most recently advised on a sustainability-focused SPACwith a developer of high-grade electric vehicle (EV) battery metals which was formed at a US$2.8B valuation.\nProfessor Dr. Judith Walls Academic Advisor: Prof.Walls is Chair for Sustainability Management, Professor at the School of management and Director of the Institute for Economy and the Environment (IW) at the University of St. Gallen (HSG), Switzerland.\nProf.
  • Walls researches the intersection of business and environmental sustainability focusing on corporate governance, focusing on the behavioral drivers of board directors and executives for transformative corporate sustainability.\nShe has a particular interest in business and biodiversity where her work extends into environmental governance of industries that directly affect land use such as agriculture, mining, and trophy hunting.\nSRS is a data connectivity company focused on spatial finance.
  • SRS is engineering a multi-tier data map unifying asset locations and corporate ownership to key risk factors and open data sets in the form of a knowledge graph.\nSpatial Finance is an emerging concept that tracking asset locations and connecting these locations to key attributes, corporate ownership and local risk factors are the most effective way to accurately assess investment risk from a climate, environmental and sustainability perspective.\n'

Duff & Phelps Investment Management Names Susan Ford Managing Director, Institutional Business Development

Thursday, April 15, 2021 - 3:00pm

b'CHICAGO, April 15, 2021 /PRNewswire/ -- Duff & Phelps Investment Management Co. , an affiliate of Virtus Investment Partners, Inc. , with $10.6 billion of assets under management as of December 31, 2020, announced that Susan Ford has joined the company as Managing Director, Institutional Business Development.\nFord has more than 10 years of experience in institutional business development, client service, portfolio analytics, and corporate strategy.

Key Points: 
  • b'CHICAGO, April 15, 2021 /PRNewswire/ -- Duff & Phelps Investment Management Co. , an affiliate of Virtus Investment Partners, Inc. , with $10.6 billion of assets under management as of December 31, 2020, announced that Susan Ford has joined the company as Managing Director, Institutional Business Development.\nFord has more than 10 years of experience in institutional business development, client service, portfolio analytics, and corporate strategy.
  • "Susan\'s product knowledge and client-focused approach will be a significant asset to our organization and reinforces our corporate values of quality, reliability, and specialization.
  • Ford is a CFA Level III candidate.\nDuff & Phelps Investment Management Co., an affiliated manager of Virtus Investment Partners, Inc., began in 1932 as a fundamental research firm and has been managing assets since 1979.
  • For more information visit www.dpimc.com .\nView original content to download multimedia: http://www.prnewswire.com/news-releases/duff--phelps-investment-manageme...\nSOURCE Duff & Phelps Investment Management Co.\n'

Comerica Bank Names Lisa Featherngill National Director of Wealth Planning

Thursday, April 15, 2021 - 2:30pm

b'DALLAS, April 15, 2021 /PRNewswire/ -- Comerica Bank announced today that Lisa Featherngill has been named Senior Vice President, National Director of Wealth Planning.

Key Points: 
  • b'DALLAS, April 15, 2021 /PRNewswire/ -- Comerica Bank announced today that Lisa Featherngill has been named Senior Vice President, National Director of Wealth Planning.
  • Featherngill will join Comerica on April 19, 2021, and will report to Greg Carr, Executive Vice President, Wealth Management.\nFeatherngill will lead Comerica\'s wealth planning business ensuring the planning-based approach is successfully adopted and integrated into the client experience.
  • "\nA wealth management and financial planning veteran with more than 35 years of experience, Featherngill joins Comerica following nearly 14 years with Abbot Downing, a Wells Fargo business.
  • There she served as the Senior Vice President, Managing Director and Head of Legacy and Wealth Planning, overseeing an experienced staff that delivered wealth management and financial planning strategies.

Seventy2 Capital's Hunt Valley Team Adds Experienced Client Service Associate

Thursday, April 15, 2021 - 1:42pm

b'HUNT VALLEY, Md., April 15, 2021 /PRNewswire/ --Seventy2 Capital Wealth Management, a fast growing, independent wealth management practice in the Washington Baltimore region, announced that Paul Hofmann joined its Client Service Team from UBS Wealth Management.\n"This is a huge win for our team in Hunt Valley," says Troy Elser, Partner and head of the practice\'s Hunt Valley office.

Key Points: 
  • b'HUNT VALLEY, Md., April 15, 2021 /PRNewswire/ --Seventy2 Capital Wealth Management, a fast growing, independent wealth management practice in the Washington Baltimore region, announced that Paul Hofmann joined its Client Service Team from UBS Wealth Management.\n"This is a huge win for our team in Hunt Valley," says Troy Elser, Partner and head of the practice\'s Hunt Valley office.
  • "Paul has valuable experience gained over 20 years in client services and will play an important role in helping us maintain a high level of service and expertise for our clients as we continue to expand the team in the Baltimore area.
  • This is a great opportunity to do that with an entrepreneurial team of advisors who value my years in the industry as a client service professional.
  • "\nPaul will be located in the Seventy2 Capital Hunt Valley office.

PHBS Research Finds Fund Managers with "Skin in the Game" Benefits Investors More

Thursday, April 15, 2021 - 3:52am

More simply, finding a portfolio manager with "skin in the game" is beneficial for you as an investor.

Key Points: 
  • More simply, finding a portfolio manager with "skin in the game" is beneficial for you as an investor.
  • They collected data on portfolio manager ownership of 1,610 actively managed U.S. domestic equity mutual funds from 2007-2014.
  • "\nAnalyzing mutual funds\' portfolio rebalancing behavior, Tang and Ma constructed measures that capture managers\' intended changes in portfolio risk.
  • They suggest that fund managers having skin in the game isn\'t just something that benefits investors, but also is a practice that funds should strongly encourage, if not require.\n'