Company Helps Advisors Evaluate Pay Structure

American Century Investments has introduced "interactive calculators" to help investment professionals manage their business more effectively.

Created by Broker Village Inc., the three calculators are actually software applications that allow representatives to customize scenarios and see how a transition to fees would affect compensation, whether their existing book of business should be converted to fees and how compensation compares for different products.

"These tools provide a clear, customized illustration of the impact that a wide range of scenarios will have on a financial advisor‚s book," says David Larrabee, senior vice president of American Century Third Party Marketing and Sales. "We want to help representatives visualize and understand the best way to manage their business."

Stu Speckman, Broker Village chairman and founder says: "Reps have the right to see how their pay will be affected given the different options. The calculators provide that ability. In fact, many times clients are not presented with perfectly suitable products because brokers cannot figure out how they will be paid. Sales of variable annuities and fee-based products otherwise would be higher."

Based in Kansas City, Mo., American Century manages approximately $85 billion in assets through mutual funds, separate accounts, commingled trusts, subadvisory accounts and institutional class funds. For additional information, visit www.americancentury.com.

Broker Village is a financial software firm in Fairfield, Conn. For additional information visit www.brokervillage.com.

Phoenix Adds Funds

Phoenix Investment Partners Ltd. of Hartford, Conn., has begun distributing three mutual funds managed by Kayne Anderson Rudnick Investment Management LLC (KAR), the Los Angeles-based money manager in which Phoenix acquired a majority position earlier this year.

The former Kayne Anderson Rudnick Large Cap, Small-Mid Cap and International funds have been rebranded with the Phoenix-Kayne name and converted from single-share offerings to multiple-share classes.

The three funds, which have nearly $300 million in assets under management, will continue to be managed by KAR, while Phoenix will take over marketing and distribution. Under the new distribution arrangement, the funds will be offered in A, B, C and X share classes with loads that are consistent with other Phoenix equity funds. Phoenix plans to distribute the funds primarily through 401(k) and mutual fund wrap programs sponsored by major broker-dealers.

For more information, call (800) 243-4361 or visit www.phoenixinvestments.com.

Financial Engines Enhances Services

Financial Engines of Palo Alto, Calif., has enhanced its services for financial advisors by helping them provide specific investment advice to clients on IRA rollovers, investing lump sums and rebalancing portfolios.

The company‚s QuickSolve Solutions now includes information on those topics for advisors using Financial Engines Professional Advisor. Financial Engines helps advisors deliver advice to clients online with its Direct Access service, over the phone with its Call Center service and face-to-face with its Professional Advisor service.

The company also has announced People‚s Securities Inc. is piloting Professional Advisor with some of its financial advisors. People‚s Securities is a subsidiary of People‚s Bank, the largest state-chartered bank in Connecticut.

Bond Fund Manager Named

Loomis, Sayles & Co. of Boston has been named portfolio manager of Managers Intermediate Bond Fund, based in Norwalk, Conn.

Daniel J. Fuss, managing director of Loomis Sayles, is the fund‚s portfolio manager.

Loomis Sayles manages $65 billion for its clients, with $54 billion in fixed-income assets under management. A subsidiary of Affiliated Managers Group Inc. in Boston, Managers Funds offers 13 no-load mutual funds.

AMEX 529 Plan Tool

American Express is offering its financial advisors The College Savings Plan Fact Finder, a research tool providing third-party objective information about 529 plans, such as contribution limits, state tax deductions, expenses, fees and investment options.

American Express is working with Savingforcollege.com LLC to offer the tool, which includes the same information offered publicly through the Web site www.savingforcollege.com. However, what American Express is providing is organized in a way to help advisors.

For more information on college savings, call (800) GET-ADVICE or visit the company's Web site at americanexpress.com.