Unified Managed Accounts Platform
Boston-based PFPC Inc., a member of The PNC Financial Services Group Inc., is offering managed account sponsors a private-label service for separate accounts, multi-discipline accounts, variable annuities and mutual fund wrap programs. The new platform also offers services for fee-based brokerage accounts.
The new service customizes and private-labels PFPC‚s managed account program, AssetDirections, for managed account sponsors. It provides a common, Web-based point of entry for sponsors, advisors and investors to access accounts, make transactions and check the performance of all separate account, variable annuity and mutual fund wrap products, individually or in aggregate. For more information, contact PFPC by e-mail at [email protected].
Nuveen Income Fund
Nuveen Investments in Chicago raised more than $360 million from the recent launch of the Nuveen Quality Preferred Income Fund 3. The fund invests primarily in investment-grade quality, taxable preferred securities. In addition to the common share offering, Nuveen expects to issue preferred shares.
For a prospectus, log on to www.nuveen.com/etf.
No. 1 Investment Newsletter
The Hulbert Financial Digest in Annandale, Va., has named The Prudent Speculator the No. 1 investment newsletter for the past 10-, 15- and 20-year periods, based on return performance (not adjusted for risk) through October 31. The digest says The Prudent Speculator returned 21%, 17.5% and 15.1%, respectively. The Prudent Speculator is edited by Al Frank Asset Management in Laguna Beach, Calif. John Buckingham is research director, chief portfolio manager and editor.