MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, June 28, 2001 BISYS Still Buying One in six investors had portfolio losses that exceeded 20 percent while one in three investors saw at least a ten percent drop in his or her portfolio in this bear market, according to a new study chartered by the Forum for Investor Advice. Other interesting tidbits include: 51 percent of investors are pessimistic about the market over the next year while 82 percent are optimistic about the market over three years. One of every five investors who use a financial advisor started receiving advice within the past year. * * * Boston Private Financial Holdings is acquiring San Mateo, California based Borel Bank & Trust in an effort to tap the large wealth management market found in northern California. * * * How can a bank overcome the stigma associated with a regionally sounding name? Southwest Securities is solving the problem by changing its name to SWS Securities effective June 30. In addition, the parent company, Southwest Securities Group is seeking shareholder approval to change its name to SWS Group. * * * BISYS is still on the acquisition path. In the latest in a series of insurance company acquisitions, BISYS will acquire the Toner Organization, an insurance brokerage company based in Pennsylvania. Printed from: MFWire.com/story.asp?s=26762 Copyright 2001, InvestmentWires, Inc. All Rights Reserved |