Products June 27, 2012

T. Rowe Price Rolls Out Mobile App

T. Rowe Price released a mobile application to allow investors to manage their accounts and view fund information.
Reported by

Individual investors and participants in employer-sponsored retirement plans can use the T. Rowe Price Personal App to check account balances, including those associated with T. Rowe Price Brokerage and small business accounts; view asset-allocation charts; track fund performance; check the status of pending transactions; access T. Rowe Price investment insights and market news; and conduct fund research.

Individual investors outside an employer-sponsored retirement plan can conduct mutual fund transactions.

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Security features include 128-bit encryption, which is similar to that available on troweprice.com. 

The free app, which is for iPhone and iPod Touch, is available for download here.  

 

Deals & People June 27, 2012

Raymond James Adds MSSB Team of Advisers

A team of advisers from Morgan Stanley Smith Barney (MSSB) left the brokerage to open their own firm with Raymond James Financial Inc.’s independent broker/dealer in Ohio.
Reported by

Bill Carmel, an adviser with six decades of experience, moved with his sons, Todd Carmel and Donn Carmel, and son-in-law, Mario Quintero, to Raymond James. The advisers managed more than $400 million in client assets at Morgan Stanley Smith Barney.

Their firm, Carmel Quintero Financial Services, is a part of Raymond James Financial Services, the company’s independent broker/dealer that caters to advisers who are also business owners.

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The four advisers, all legacy Smith Barney, are in Westlake, Ohio. Bill Carmel began his career with Field Richards & Co, moving in 1964 to McDonald Investments, where he eventually served as chairman and chief executive.

Todd and Donn Carmel became advisers in 1995 when they joined their father at McDonald. All three moved together in 2005 to Citigroup’s Smith Barney to join Quintero, who had been with the firm since 1988.

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