Deals & People July 6, 2011

J.P. Morgan Selected by New York’s 529 Advisor Plan

J.P. Morgan Asset Management has been selected as the investment manager and distributor for New York's 529 College Savings Program Advisor Plan.
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New York’s 529 College Savings Program Advisor Plan currently has more than $1.9 billion and more than 125,000 accounts.  

J.P. Morgan’s Advisor Plan line-up will give advisers maximum flexibility to help clients tailor investments to their individual needs.  The options include actively managed age-based options and asset allocation and single-fund portfolios that leverage both active J.P. Morgan mutual funds and third party Index and Exchange Traded Funds.  

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J.P. Morgan’s distribution network will allow New Yorkers to access the Advisor Plan through multiple touchpoints, including the over 128,000 financial advisers the firm has existing distribution relationships with, or any one of Chase’s 1,000 branches throughout the state of New York.
Products July 6, 2011

Advisor Group to Offer SunGard Social Media Solution

Advisor Group, an independent network for broker/dealers, will be offering its advisers access to SunGard’s Protegent Social Media Surveillance tool.  
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SunGard’s Protegent Social Media Surveillance offering will be added to Advisor Group’s proprietary VISION2020 Advisor Portal. VISION2020 is a single sign-on platform that provides advisers access to the following tools: client account information; office automation; compliance and marketing tools; the VISION2020 Wealth Management system for fee-based advisers; and personalized news and alerts.

Advisor Group says SunGard’s Protegent Social Media Surveillance will help support its advisers’ use of social media to grow business while remaining compliant with regulatory obligations.

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“We considered many vendors over the last seven months to ensure we built the best solution for advisers. We’ve been piloting our offering with small focus groups since February and we are eager to launch our offering to all advisers,” said David Ballard, Chief Information Officer of Advisor Group.   

Protegent will monitor and archive advisers’ content posted to Facebook, LinkedIn and Twitter. Protegent’s alerting, reporting and pre-approval workflow will help Advisor Group proactively adhere to FINRA books and records surveillance requirements.

To ensure advisers understand social media sites and how to develop content, Advisor Group has already been offering online and live training courses for advisers.

Advisor Group is one of the largest independent broker/dealer networks in the U.S. and consists of FSC Securities Corporation, Royal Alliance Associates, and SagePoint Financial, Inc. These independent broker/dealers, with more than 4,800 independent financial advisers, are all wholly-owned subsidiaries of Advisor Group.

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