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

Mesirow acquires part of flexPATH in second retirement deal of 2026
Mesirow acquires part of flexPATH in second retirement deal of 2026

Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.

Advisor moves: LPL lands $350M veteran advisor duo in Florida
Advisor moves: LPL lands $350M veteran advisor duo in Florida

Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.

SEC accuses crypto firm founder of running $425 million Ponzi scheme
SEC accuses crypto firm founder of running $425 million Ponzi scheme

It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.

MassMutual Ascend tops $2 billion in RIA annuity sales as advisors warm to income products
MassMutual Ascend tops $2 billion in RIA annuity sales as advisors warm to income products

Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.

Fintech bytes: Wealth tech firms target advisor productivity with new integrations
Fintech bytes: Wealth tech firms target advisor productivity with new integrations

Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.

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

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income