Bear Stearns Global Clearing Services and RiskMetrics Group to Offer Risk Management, Portfolio Analysis and Investment Planning Solution to Independent Investment Advisors.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Bear, Stearns Securities Corp. and RiskMetrics Group announced today they have entered into an agreement to offer RiskMetrics Group's WealthBench(TM) technology platform to independent investment advisors and family offices via the Bear Stearns The Bear Stearns Companies, Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., one of the largest global investment banks and securities trading and brokerage firms in the world. WealthSET(SM) wealth management solution. Investment advisor clients of Global Clearing Services are now able to access WealthSET's institutional quality risk analytics, investment planning, asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. and proposal generation capabilities. WealthSET's broad and sophisticated capabilities include: Risk Management & Analysis: conduct what-if scenarios, event stress testing Determining the durability of a system by pushing it to its limits. Stress testing a network is performed by transmitting excessive numbers of packets or attempting to break in illegally. , diversification analysis, holdings-level risk analyses (VaR, XLoss and others). Portfolio Construction: create flexible custom portfolios to match client specific risk/return objectives. Simulation-Based Optimized Asset Allocation: establish a personalized investment strategy based on specific cash flows, tax status, time horizon, and client risk tolerance Risk Tolerance The degree of uncertainty that an investor can handle in regards to a negative change in the value of their portfolio. Notes: An investor's risk tolerance varies according to age, income requirements, financial goals, etc. . Client Proposal: generate professional advisor-branded proposals to summarize the client's financial situations and help advisors articulate their personalized approach. Commenting on the arrangement John Tyers, Managing Director and manager of Investment Advisor Services Sales for Bear Stearns, said, "Our partnership with RiskMetrics Group delivers on our commitment to help leading advisors retain clients and win business from the best firms in the private wealth management business. WealthSET has tremendous power to help improve advisor-to-client communication concerning topics such as quantifiable portfolio risk, asset allocation, and wealth projections." Also commenting from Bear Stearns, Rich Cancro, Managing Director and manager of Investment Advisor Services Product Development, said, "Through RiskMetrics we are able to offer an institutional quality solution that independent advisors have not until this point been able to access. Not only will advisors have access to security level risk analytics, full cash flow investment planning, single and multi-period optimization methodologies and a very professional quality client proposal, but they'll have access to these tools through an easy-to-navigate workflow which automates many complex labor-intensive tasks. Our clients' responses to WealthSET have been overwhelmingly positive." Michael Neff, Head of Wealth Management for RiskMetrics Group commented, "The most solid, long-term financial plans Long-term financial plan Financial plan covering two or more years of future operations. are those that enable advisors and their clients to match the right level of risk tolerance with the desired return over a projected time horizon. With the integration of our WealthBench(TM) platform, independent advisors serviced by Bear Stearns will now have our sophisticated combination of investment planning and risk budgeting tools available right at their fingertips "Fingertips" is a 1963 number-one hit single recorded live by "Little" Stevie Wonder for Motown's Tamla label. Wonder's first hit single, "Fingertips" was the first live, non-studio recording to reach number-one on the Billboard Pop Singles chart in the United States. . We're pleased to be working with Bear Stearns to help bring a greater level of transparency to the marketplace." For more information on the Bear Stearns Investment Advisor Services group, members of the media should contact Michelle O'Brien at (212) 272-6659. For more information on RiskMetrics Group, members of the media should contact John Roderick John Roderick is the lead singer and guitarist in the band The Long Winters. He was born in Seattle but grew up in Alaska. He started playing guitar in high school but never really bothered to get good until many years later when all his other options had dried up. at (631) 584-5808. RiskMetrics Tag Line RiskMetrics Group is a financial risk management firm providing financial analytics and wealth management solutions to hundreds of financial institutions, corporations and central banks worldwide. Formerly a division of JP Morgan, RiskMetrics Group became an independent company in 1998. The company is headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , with nine worldwide offices, including London, Tokyo and Singapore. More information is available online at www.riskmetrics.com. Bear Stearns Tagline Bear Stearns Investment Advisor Services is part of Bear, Stearns Securities Corp's Global Clearing Services. Global Clearing Services is an industry leader in custody and clearing for investment advisors, hedge funds, and broker/dealers. Investment Advisors, family offices and money managers pursuing the high-net-worth market are able to leverage the firm's extensive resources and access a breadth of complex solutions not yet seen from the conventional providers to this market segment. For more information about Bear Stearns Global Clearing Services, please visit www.globalclearing.com. Bear, Stearns Securities Corp. is a registered broker-dealer and member of NYSE NYSE See: New York Stock Exchange , NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). and SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. . Founded in 1923, Bear, Stearns & Co. Inc. is a leading investment banking and securities trading and brokerage firm, and the major subsidiary of The Bear Stearns Companies Inc. (NYSE:BSC (Binary Synchronous Communications) See bisync. ). With approximately $54.3 billion in total capital, Bear Stearns serves governments, corporations, institutions and individuals worldwide. The company's business includes corporate finance and mergers and acquisitions, institutional equities and fixed income sales and trading, securities research, private client services, derivatives, foreign exchange and futures sales and trading, asset management and custody services. Through Bear, Stearns Securities Corp., it offers financing, securities lending Securities Lending When a brokerage lends securities owned by its clients to short sellers. Notes: This allows brokers to create additional revenue (commissions) on the short sale transaction. , clearing and technology solutions to hedge funds, broker-dealers and investment advisors. Headquartered in New York City, the company has approximately 12,000 employees worldwide. For additional information about Bear Stearns, please visit the firm's website at www.bearstearns.com. |
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