Deals & People September 12, 2007

Smith Barney Names New Head of Investment Advisory Services

James J. Tracy has been named Director of Investment Advisory Services for Smith Barney.
Reported by

In his new capacity, Tracy will oversee the entire Global Wealth Management Investments (GWMI) Investment Advisory Services organization, which includes Consulting Group, Portfolio Management Group, Smith Barney Advisor, and Citi Institutional Consulting, according to a company announcement. He will report to his predecessor, Paul M. Hatch, who was recently named Head of GWMI.

Previously, Tracy was Director of Consulting Group, and prior to joining Consulting Group in 2005, he was Director of Smith Barney’s Great Lakes region. The region ranked number one in fee-based assets under his tenure, the announcement said.

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“He has repeatedly demonstrated his grasp of industry trends and his ability to provide our financial advisers with highly competitive tools and programs,’ said Hatch.

Products September 11, 2007

SEI and Aon Offer Errors and Omissions Insurance to Advisers

SEI has formed a strategic alliance with Aon's Affinity Insurance Services, Inc. (Affinity) to offer Errors&Omissions (E&O) Insurance to participants in its advisory market.
Reported by

Through the agreement, advisers who work with SEI will have the option to purchase professional liability coverage specifically designed for financial advisers and investment professionals working with SEI, according to a company announcement. Affinity will be the program administrator, offering a full range of customer services to these advisers.

The agreement includes customer support, marketing and claims administration, among other provisions.

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“Not only can E & O insurance help protect adviser firms from potentially devastating financial burdens, it can also provide their clients a better level of comfort, knowing that their adviser has sufficient coverage,” said Kevin Barr, Senior Managing Director, SEI Advisor Network, in the announcement.

More information is at http://www.seic.com/advisors.

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