GLG News by Research, Sales, and Trading Consultants (US)

Jordan BalkanyManaging DirectorLarkin Capital

Growth Outlook for ETF Assets Under Management

April 1, 2011

Analysis of:ETFs to Top Second Trillion in Three Years | www.securitiestechnologymonitor.com

U.S. assets invested in exchange traded funds (ETFs) now total over $1 trillion. Although it took almost two decades to reach this level, Blackrock, the largest issuer of ETFs, predicts that ETF assets will double in three years. 

Jordan BalkanyManaging DirectorLarkin Capital

Inelasticity of Demand for Gold ETFs

February 23, 2011

Analysis of:WGC's Grubb Says Gold ETP's Are Resilient | www.bloomberg.com

Marcus Grubb, managing director of investment research at the World Gold Council, talks about positive demand for exchange traded products backed by physical gold, despite falling prices. However, recent market data does not completely support his claims.

Mark SteinbergPresidentTraibar Associates, LLC

$1 Trillion Drop in Money Market Assets

April 18, 2010

Analysis of:Schwab's Fee Waivers Chip Away at Profit | online.wsj.com

*Money Market Industry Assets are down over $1 trillion, (25.7%) from January 2009* YTD Asset Decline is $380 Billion*SEC Reforms Risk Eliminating $1 per share Constant Value*Charles Schwab (NYSE: SCHW) and Federated Investors Among Those Hit Especially Hard

Mark SteinbergPresidentTraibar Associates, LLC

Big Changes for Mutual Funds, Insurers and Brokers Avoided, For Now

February 28, 2010

Analysis of:Brokers Win, Investors Lose Key Reform | online.wsj.com

* Senate waters down House approved bill to expand Fiduciary standard* When, and if implemented, Financial Services revenues and profits will decline*Mutual Funds, Insurance companies and Broker Dealers most exposed* SEC strongly favors passage, but can't act on its own

Jordan BalkanyManaging DirectorLarkin Capital

Why Wall Street Bonuses Up 17% in 2009 Is Reasonable

February 26, 2010

Analysis of:US Financial Firms' Top Executive Bonuses Up 17 Percent in 2009 | www1.voanews.com

According to estimates from the New York comptroller, bonuses to Wall Street executives will be 17% higher than last year. Traders and bankers will receive $20 billion in year-end payouts, despite the downturn in the economy and the government bailout. The Average Goldman employee made almost $600,000 for 2009.

Mark SteinbergPresidentTraibar Associates, LLC

New SEC Money Market Fund Rules; Is a Floating NAV Next??

January 28, 2010

Analysis of:SEC: More Changes For Money Funds | online.wsj.com

*New SEC Money Market Regs will hurt Investors and Fund Providers*Money Fund constant $1 Net Asset Value at risk*Continued revenue loss likely for BlackRock, Federated Investors, Charles Schwab, Fidelity and Others

Mark SteinbergPresidentTraibar Associates, LLC

Mutual Fund Sales to Shift Along With Brokers

January 6, 2010

Analysis of:More Brokers Flee Big Firms, Taking Investors With Them | online.wsj.com

Broker population at traditional firms (Bank of America/Merrill Lynch, Morgan Stanley Smith Barney, UBS AG, Wells Fargo (WFC))  declined 14%, while Independent Advisors grew 29% Projections call for traditional firms share of retail client assets managed to drop an additional 20% by 2012, on top of $188 billion of client assets that has already left.Beyond the impact on the Brokers themselves, there will be a significant shift in Mutual Fund sales, away from the major "load fund" players.

Mark SteinbergPresidentTraibar Associates, LLC

ETF Flows and Assets Hit Record,Yet Many Providers Continue To Struggle

December 15, 2009

Analysis of:ETF Bond Funds Have a Banner Year | online.wsj.com

ETF market grows to over $700 billion, with very few winners.New players yet to gain traction.BlackRock/Barclays, Vanguard and State Street continue their winning streak.

Mark SteinbergPresidentTraibar Associates, LLC

Pending Changes Bound to Impact Brokers, Mutual Funds and Insurers

December 8, 2009

Analysis of:SEC Chief Supports Disclosure Measures | online.wsj.com

This analysis is an update on pending changes in Fiduciary standards for commissioned brokers and Financial Advisors and firms which manufacture products for that channel.With broad support in the House, and now from the SEC, passage becomes even more likely and the impact will be substantial. Potential winners include Vanguard, Fidelity, T Rowe Price, Charles Schwab (SCHW) , & Raymond James. Potential losers include Prudential, Lincoln National, Hartford, Manulife, Janus and Met Life.

Mark SteinbergPresidentTraibar Associates, LLC

Wall Street Titans Try To Retain Brokers

December 2, 2009

Analysis of:"Battered Brokerages Turn to Wealth Management" | www.philly.com

Large Brokerage firms are facing a mass exodus of top producers and Client assets, projected to exceed $189 billion in 2009.Meanwhile, Registered Investment Advisor platforms like Charles Schwab are gaining significant numbers of new advisors and Client assets.This shift in how Financial Advisors operate will be even more dramatic if new Fiduciary standards under government review are put in place in 2010. 

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