Products July 28, 2008

Conn. Firm Releases Long-Short ETN

Westport, Connecticut-based WealthNotes Capital Management launches an exchange-traded note (ETN) tracking the performance of the S&P 500 130/30 Total Return Strategy Index.
Reported by

The company said in a release that the WealthNotes ETN will be issued by Norway’s Eksportfinans. The NYSE Arca will trade the WealthNotes ETNs under the ticker symbol WNF.

According to the release, ETNs are debt securities that have similarities to exchange-traded funds (ETFs), as both are linked to the performance of indexes and are traded on major U.S. exchanges. Under most market conditions, however, ETNs offer no tracking error of the reference indexes.

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“The S&P 500 130/30 Total Return Strategy Index is a highly sought-after strategy that can most effectively be brought to investors through exchange-traded notes,” said Keith Styrcula, CEO of WealthNotes Capital Management, in the release.

More information is available at www.wealth-notes.com.

Deals & People July 28, 2008

LPL Financial Platform Adds Riverfront Investment Group

Riverfront Investment Group, LLC, a registered investment adviser (RIA), has been added to LPL Financial’s consulting services platform.
Reported by

To be approved for the LPL Financial Manager Select program, Riverfront had to pass a due diligence process examining the quality of its personnel, process, and investment performance.

Michael Jones, CIO at the Richmond, Virginia-based Riverfront Investment Group says, “We are honored to be added to the LPL Financial Manager Select program. LPL Financial is committed to providing unbiased investment advice through open architecture investment solutions. This philosophy has made LPL Financial one of the fastest growing firms in the industry, and we are very excited about what our two companies can accomplish together.”

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