The Markets May 23, 2011

Small Cap Dominates Institutional Product Performance

Investment Metrics’ (IM) analysis of approximately 6,200 institutional separate account composites and commingled fund products finds the U.S. Small Cap category topped the performance chart in Q1 2011.
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Small and Small/Mid Cap tied the quarter with a 10.4% return. U.S. Growth Equity returned 9.7% in Q1, while U.S. Mid Cap Equity gained 9.4%.  

Over the one year period ending March 31, 2011, U.S. Small Cap Equity returned 32.6%, Small/Mid Cap returned 31.7%, and Growth posted a 31.6% gain, according to IM’s data.  

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Among fixed income categories, U.S. High Yield Bond led the quarter with 4.3%, followed by U.S. Fixed Income (1.7%), and U.S. Broad Market Core+ and U.S. Investment Grade Corporate (tied at 1.6%).  

Among International and Global products, those in the Global Equity category posted a 5.4% return, while International Equity gained 4.2% and Emerging Markets Debt gained 2.5%.  

Investment Metrics, LLC is an independent provider of investment performance and reporting solutions.  Performance returns of the top quartile breakpoints (top 25% highest values) of each institutional peer group category for periods ending March 31, 2011, are gross of fees.  

More information is at http://www.invmetrics.com.
Deals & People May 23, 2011

LPL Names EVP of Retirement Platform Development

David Reich has been appointed executive vice president of retirement platform development for LPL Financial.  
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Reich has been tasked with creating new tools for LPL Financial advisers, and then integrating these tools within technology platforms used by advisers – with the objective of helping them run an efficient retirement plan business. The position was formerly known as EVP of retirement strategy, which was held by Bob Francis until he left the company in January.

To reach these objectives, Reich will collaborate with other senior LPL Financial leaders, including Bill Chetney, executive vice president of LPL Financial Retirement Partners, who is responsible for the firm’s strategic direction in the retirement plan space. Reich and Chetney will report to Derek Bruton, managing director and national sales manager, Independent Advisor Services.

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Reich joins LPL Financial from Ameriprise Financial, where he was vice president and general manager, retirement strategies and solutions.In this position, he was responsible for strategic development and marketing of all retirement products and platforms to financial advisers. Prior to that, he served in a number of senior leadership roles across Ameriprise and American Express, its former parent company.

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