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Mutual Funds on Ulitzer

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I know, the economy is rough these days.  Myself, I'm unwilling to look at my mutual funds until we're through this.  However, when times are tough, markets normalize, and while the stock holders and venture capitalists out there are crying in their beers, now could be a great time to start something new for those innovative and resourceful few. The idea is that when it does not seem like a good time to start a company, typically that is the best time to start a company.  In this case you’re looking to bring in second generation technology, or technology created out of the lessons learned in the first.  Thus, you have a better understanding of the problems at hand, and how SOA technology can solve those problems.   There are huge opportunities here, as long as you make the right moves. So, here are five reasons why you should start a SOA technology company now: The c... (more)

What FINRA Doesn’t Want You to Know About Social Media

New Media on Ulitzer Topic A at the recent Securities Industry and Financial Markets Association Annual Meeting (SIFMA) was what to do about the fastest-growing communications phenomenon since the invention of the Internet: the explosion in social networking. Whenever compliance and communications come together there is sure to be a tussle and this meeting was no different. Chairman and CEO Rick Ketchum cited the current policy as “currently constructed, these sites would not permit you to easily supervise these communications. For that reason, most firms prohibit their employees from using these sites for their business.” Still, trying to hold back the social media communications tsunami is not likely to last. The cost of not communicating to advisors and clients through their preferred vehicles does not make a lot of long-term business sense. Mr. Ketchum readily a... (more)

Christmas Could Never Get Started Today

This time of year is a favorite for children of all ages – I happen to be one of these kids – in part because of the television programs that are shown around Christmas. A Charlie Brown Christmas, Santa Claus is Coming to Town, Rudolph the Red Nose Reindeer, and How the Grinch Stole Christmas, have been favorites of mine since TV went from exclusively black and white to poor quality color. This is no coincidence as these programs were made in the mid 1960’s. As I was watching this year, it occurred to me that if at this time in history Christmas had not yet been established, if somehow Christmas needed to be “started” in 2009, it wouldn’t stand a chance. Christmas would be doomed before it ever got started. First of all, the only time you can say Jesus Christ anymore is when you hit your thumb with a hammer. You can’t mention Him at City Hall, you can’t display a crè... (more)

FINRA Funds Social Media Program

Financial social media marketing just received a welcome boost from the nation’s largest independent securities industry regulator. The Alliance Library System of East Peoria, Ill. received a grant of  $100,000 from the Financial Industry Regulatory Authority (FINRA) Investor Education Foundation and the American Library Association (ALA) for social media and other education programs. FINRA steps up The library system will deliver saving and investing information through social media targeting individuals ages 13 to 35, according to Earth Times. The demographically and technologically attuned library system in rural, central Illinois will also provide online and face-to-face investor education programs through six of its public libraries. What next? “This move bodes well for financial marketers,” social media consultant D. Bruce Johnston said recently. “FINRA is sup... (more)

Favorite FLOSS Applications

I often make recommendations on the applications I use daily while sharing my perspective on the Linux desktop. However, recently I've been getting feedback from users on what they feel are the most valuable open source desktop applications and why. Don't take my word for it...take theirs. In this article users discuss their most useful desktop applications. Maybe you'll want to give them a try - if you already use some of them, you may discover features that you were unaware of. Evolution Contributed by Jon Carnes, Network Guru, Featuretel My favorite desktop application is without a doubt Evolution by the folks at Ximian (now a part of Novell). Evolution is one of those killer apps that integrates a lot of basic applications: E-mail client Contact manager News gatherer Scheduler It was written with the idea of replacing Outlook. In fact, with the ad... (more)

Prudential Financial Automates Mutual Fund Trading With Delta Data Software's Trade Manager (TM)

COLUMBUS, Ga., March 22 /PRNewswire/ -- Delta Data Software, Inc., a proven provider of technology to the financial services industry, today announced that Prudential Retirement, a business of Prudential Financial, Inc., a major worldwide provider of investment products and services, has implemented Delta Data Software's Trade Manager(TM). The solution gives Prudential Retirement enterprise-wide automated mutual fund trading capabilities and provides the company with greater control over the entire trading lifecycle, while at the same time affording significant reductions in the cost of trading. Prior to implementing Trade Manager, Prudential utilized the services of another Prudential company, Prudential Securities, for its mutual fund trading. Following the combination of Prudential Securities and Wachovia Securities in 2004, the firm decided to align its trade des... (more)

HP and BEA Team To Improve Banking

The HP/BEA banking solution is designed to simplify application infrastructure throughout the enterprise while extend the lifetime of IT investments. One customer, Norway's Sparebank, claimed a 12-percent increase in customer satisfaction over a two-year period with the two companies' eBanking solution. “By blending BEA’s single, integrated application development and management platform with the cost-effective, high performance HP environment, SpareBank 1 is geared for limitless growth," said Ketil Berg, Systems Manager, SpareBank 1 Group, one of the largest providers of financial products and services in Norway. SpareBank 1 Group has total assets of $5.5 billion, and has increased its brand awareness steadily, to the point where the bank is now recognized as the most familiar financial brand in Norway, the company says. The company's eBanking environment o... (more)

Fund Publishing Adopts Thunderhead to Automate Creation of Key Financial Documents

NEW YORK, NY -- (MARKET WIRE) -- 03/29/07 -- Thunderhead, the leading provider of enterprise communications technology, today announced that Fund Publishing, an integrated provider of publishing services for the mutual fund industry, is using the Thunderhead document generation platform to automate the production of regulated mutual fund compliance documents and key EDGAR filings, resulting in up to a 70% reduction in the time required to design and produce these documents. Fund Publishing provides a financial report publishing service for providers of mutual funds, which are required by law to produce regular reports on their performance. Today, the process for producing these documents is very labor-intensive, resulting in high costs for creating content, updating financial performance information, designing layouts, printing documents and repurposing content. Th... (more)

Electronic Reporting for Cayman Islands Regulated Funds Now Underway

GEORGE TOWN, Grand Cayman, March 30 /PRNewswire/ -- The mechanism for the electronic submission of annual returns for funds licensed, registered and administered in the Cayman Islands is now in place. With it, electronic reporting for all funds regulated under Cayman's Mutual Funds Law has begun. Following successful industry testing, CIMA released on its website the electronic Fund Annual Return (FAR) form and has opened the internet portal through which funds' local auditors will submit the required returns. Related guidance notes have also been released. The FAR and each fund's audited accounts are to be submitted to CIMA through the local auditors within six months of the fund's financial year-end, beginning with those funds that have a year-end date on or after 27 December 2006. CIMA has been developing the electronic reporting initiative for funds for several ... (more)

Investment Professionals Discuss 2007 Stock and Bond Markets and Economic and Regulatory Outlook at Winter 2007 Investment Press Briefing

NEW YORK, NY -- (MARKET WIRE) -- 03/30/07 -- At the Winter 2007 Investment Press Briefing held last month, investment professionals gave their projections for the stock and bond markets and the economy in 2007, and examined the regulatory issues that the investment management industry faces in the year ahead. The media conference was hosted by Millennium Media Consulting, an Arlington, Va.-based public relations and media consulting firm. A summary of the speaker presentations follows. Globetrotting for Real Estate Value "We think there are market inefficiencies outside of the U.S. where disclosure is not as frequent and less transparent," commented Robert Promisel, a principal with Adelante Capital Management LLC, an employee-owned investment firm headquartered in Oakland, Ca. which specializes in real estate securities and portfolios. "Investing in International p... (more)

Vormetric Data Security Implemented at Prudential

Vormetric, Inc., the leader in data security management and enforcement solutions, today announced that its Vormetric Data Security Expert solution has been selected by Prudential Financial, Inc. (NYSE:PRU) to provide encryption and other security services with respect to targeted customer data. Vormetric Data Security Expert is the flagship solution offered by Vormetric, a leader in data protection since its founding in 2001. The solution combines high-performance, file-level encryption with access control, encryption key management, operating system environment protection, and granular auditing capabilities. Prudential Financial serves clients with an extensive variety of insurance plans. “We take protecting personal information seriously. Vormetric Data Security Expert gives us a modular ability to effectively encrypt server-based data at rest, and manage... (more)