Asset gathering made easier

New software examines patterns and modeling activities across a broker-dealer’s book of business.
OCT 10, 2008
Market data coming to a mobile device near you There’s a war going on between two companies to get market data into your hands — literally. The companies, one based in the U.K. and the other in Vancouver, British Columbia, are aiming to take on the stateside market data hegemony of Thomson Reuters and Bloomberg LP, both of New York. London-based Blue Systems Inc. and Stockgroup Information Systems Inc. of Vancouver have recently introduced market data services for use on mobile devices. Both products are available for the BlackBerry. The product, from Blue Systems, called Blue Mobile, will also run on Windows Mobile and some Nokia smart phones. Blue Mobile (starting at $9.95 per month) and Blue Mobile Pro ($19.95 per month) and Stockstream Mobile ($19.95 per month) and Stockstream Mobile Pro ($49.95) each offer streaming news, stock quotes and other data. Streaming news on Blue Mobile is provided from Dow Jones Business News and StockStream’s news originates from Reuters. Blue has a deal with AT&T Inc. in Dallas and Sprint Nextel Corp. in Overland Park Kan. For more information, visit Blue Systems and Stockhouse Inc. Asset gathering made easier National Financial Services LLC of Boston has announced its latest partnership with San Francisco-based Success Metrics. Success Metrics produces software that helps broker-dealers and their brokers improve sales. “Broker-dealers are operating in an extremely tough and volatile environment, and many are being challenged to look for ways to grow while not adding a lot of infrastructure and expense,” Bobbi Masiello, senior vice president of new-business development for National Financial, said in a statement. The software examines patterns and modeling activities across a broker-dealer’s book of business. For instance, the application could examine the current investors between 50 and 60 who have investible assets in excess of $500,000. It would then identify what type of products they are invested in and the broker can in turn compare this to his or her own clients and identify potential cross-sell opportunities. For more information, visit National Financial online. Tech for the silver-haired set For the first time, the world’s largest consumer electronics show will have a special place just for baby boomers (and yes, I know that all baby boomers haven’t yet gone silver or gray). In an effort to showcase the burgeoning technology market aimed at boomers, the Consumer Electronics Association of Arlington, Va., announced this week that it will hold the first annual Silvers Summit Exhibition and Conference. "Despite conventional wisdom that keeps manufacturers focused on the young consumer, the boomer generation is equally interested in electronics," Susan Ayers Walker, co-founder of the event, said in a statement. Organizers promise that attendees will see the latest high-tech gadgets, brain games, consumer medical technology and media that keep "silvers" engaged, entertained, connected and healthy. The one-day summit will be held as part of the 2009 International Consumer Electronics Show, scheduled for Jan. 10 in Las Vegas. For more information visit the SilversSummit and 2009 International CES websites.

Latest News

SEC fines Zoe Financial $450K over undisclosed referral conflict
SEC fines Zoe Financial $450K over undisclosed referral conflict

Salespeople at the firm often went beyond the matching algorithm to recommend network advisors on its Zoe Wealth platform, according to the regulator.

Senate vote on NIL bill could reshape college athletes' paydays
Senate vote on NIL bill could reshape college athletes' paydays

The Protect College Sports Act would cap school payments and codify NIL rights, with implications for advisors guiding young athletes.

'I'm done': Pandemic memories push business owners toward the exit
'I'm done': Pandemic memories push business owners toward the exit

"I know the number that I want to be able to retire on, and now I just want out," says Wilmington Trust's Marguerite Weese, describing a common refrain among business-owner clients.

Northern Trust bulks up family office team with New York hires
Northern Trust bulks up family office team with New York hires

Bessemer and Brown Brothers Harriman veteran Robert Ludricks III and private markets specialist Olof Akesson join the ultra-high-net-worth push on the East Coast.

SEC accuses trucking operator of running $127 million Ponzi scheme
SEC accuses trucking operator of running $127 million Ponzi scheme

765 investors were promised 260% annual returns on truck leases

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains