Financial intermediaries drawn to equity funds

Despite the volatility of the markets in recent weeks, nearly a third of financial intermediaries are choosing to invest more in equity funds, according to a new survey.
SEP 26, 2008
Despite the volatility of the markets in recent weeks, nearly a third of financial intermediaries are choosing to invest more in equity funds, according to a new survey. Twenty-nine percent of the 174 financial intermediaries surveyed by New York-based kasina LLC last Wednesday and Thursday were investing more in equity funds, compared with 24% who were choosing to invest less and 47% who were investing at the same level or concentrating on other securities products. “It is positive to see that advisers are not fully retreating from the markets,” kasina chief executive Steven Miyao said in a statement. However, many financial intermediaries were choosing to invest less in both variable annuities and alternative products like hedge funds. Sixteen percent were investing more in variable annuities, compared with 31% who were investing less in these products, with the rest of those surveyed standing pat. When it comes to alternative products, 14% of financial intermediaries were investing more and 31% were investing less.

Latest News

What it really takes to serve ultra high net worth clients
What it really takes to serve ultra high net worth clients

Most firms think they are ready for the ultra high net worth market. Most are not.

Stifel settles another complaint involving former star Miami broker
Stifel settles another complaint involving former star Miami broker

Stifel has paid or is on the hook for close to a staggering $200 million in damages and settlements to former clients of Chuck Roberts.

Advisor moves: LPL firm Genesis Wealth adds $725M veteran from JPMorgan
Advisor moves: LPL firm Genesis Wealth adds $725M veteran from JPMorgan

UBS also expanded in the Southeast with six advisors overseeing more than $2 billion, while Osaic lured a $300 million family-led practice from Wells Fargo's FiNet.

Salesforce launches Agentic Advisor as AI notetakers threaten CRM dominance
Salesforce launches Agentic Advisor as AI notetakers threaten CRM dominance

The new AI workspace rollout promises to automate the full advisor workflow just as third-party tools wage a turf war for central control of wealth firms' tech stacks.

Advisor moves: LPL lands UBS veteran as &Partners grows by $1.6 billion
Advisor moves: LPL lands UBS veteran as &Partners grows by $1.6 billion

Mega-RIA picks up $250M advisor, while three firms head for &Partners.

SPONSORED Why direct indexing stopped being optional

Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.

SPONSORED Estate planning isn't a service add-on. It's your retention strategy.

As $84 trillion prepares to change hands, advisors who treat estate planning as peripheral are quietly building a sieve, not a book.