Products August 28, 2007

Marketocracy Offers Actively Managed Model Portfolio for RIAs

Marketocracy Data Services, LLC has announced it will offer an mFOLIO based on Randolph McDuff's RMG1 Value Oriented Growth model fund for registered investment advisors (RIAs).
Reported by

According to the announcement, an mFOLIO is an actively managed model portfolio that RIAs can use to manage client accounts. The company’s affiliate, Marketocracy Capital Management, LLC offers separately managed accounts that invest in the stocks of mFOLIO Masters and allow investors to mix and match mFOLIOs to their personal investment needs and objectives.

Marketocracy has added Randolph McDuff to its team of mFOLIO Masters, the announcement said. He has one of the longest investing track records at Marketocracy and has beaten the S&P 500 Index with his RMG1 model fund by over 24% a year for the last 7 years and with his micro-cap RMG2 model fund by over 37% a year. RMG1 uses a “multi-zone,” or flexible portfolio, that has generated returns in multiple sectors.

Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.

“During a choppy market when it isn’t clear what sectors to be in, I want someone with a proven track record of successfully navigating through shifts in the market to make the call,” explained, Mark Taguchi, President of Marketocracy Data Services, in the announcement. “Most funds and managers invest only in a single sector or industry of the market and put the burden on the investor to decide when it is the right time to get in or out.”

More information can be found at www.marketocracy.com and http://m100.marketocracy.com/rmcduff_RMG1.

In Practice August 27, 2007

Advisers Say Retirement Savings a Constant Concern for Clients

Sixty-one percent of financial advisers responding to Schwab Institutional's most recent Independent Advisor Outlook Study said having sufficient retirement savings to maintain their desired lifestyle is a constant concern of their clients.
Reported by

According to a Schwab press release, another 35% of advisers said their clients worry about adequate retirement savings at least some of the time. While 39% of the clients of the advisers surveyed consider themselves to be retired, 59% of retired clients are pursuing a new career interest.

The advisers said these affluent retirees are not necessarily considering a second career just for fun or to pursue a passion – according to respondents, more than half (51%) of the clients who are already retired and continue to work do so to maintain their lifestyle, according to the release. However, 48% said their working-retired clients work to fund leisure pursuits, and 39% said these clients work to cover unanticipated expenses.

For more stories like this, sign up for the PLANADVISERdash daily newsletter.

More than 60% of advisers cited long-term care expenses, estate taxes, education costs for children/grandchildren, and the costs of care for aging parents also as top client concerns.

“The affluent are working with independent advisors not only to help them achieve personal monetary milestones, but also to ensure that their financial resources can be a means for addressing their more important concerns – family, community, health, education and social responsibility,” said Charles Goldman, executive vice president of Schwab Institutional, in the release.

«