FundQuest names Robert Powell Director of Business Development.Business Editors NOTE TO MEDIA: Photo is available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com BOSTON--(BUSINESS WIRE)--Dec. 15, 2000 Plans to develop training and education programs for financial advisors and pursue separate account, defined contribution plan Defined contribution plan A pension plan whose sponsor is responsible only for making specified contributions into the plan on behalf of qualifying participants. Related: Defined benefit plan provider and variable annuity Variable Annuity An insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio. markets FundQuest, Inc., the nation's leading developer of customized, fee-based investment Fee-Based Investment An investment account in which the advisor's compensation is based on a set percentage of the client's assets instead of on commissions. Contrast this to commission-based investment, in which the advisor makes money based on the amount of trades made or the management programs delivered via the Internet, today named Robert J. Powell, III director of business development. In his new role, Powell will be responsible for a developing online and classroom-based training and education programs and editorial initiatives designed to accelerate FundQuest's revenue and asset growth. Powell will also pursue markets in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry that can benefit from FundQuest's core products -- Internet software and technology, and customized fee-based investment management. He will create and enhance fee-based investment management and separate account programs for the defined contribution, variable annuity, CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. , RIA (Rich Internet Application) A Web-based application that approaches the speed and elegance of a local application. An RIA may refer to a browser-based application that uses AJAX or another enhanced coding technique. , bank and retirement and Section 529 education funding markets. In addition, Powell will explore ways to expand the use of FundQuest's Internet and software platform by traditional asset-gathering and non-traditional companies in the financial services industry. And Powell will be active in pursuing joint ventures and strategic relationships, and developing educational and training programs, distance learning courseware, customer relationship management, and editorial initiatives that support the use of FundQuest's technology and services. "Bob's depth and breadth of experience offers FundQuest a unique opportunity to develop our core business into channels not previously addressed, "said Bob Del Col, president and founder of FundQuest. "He can help us expand relationships with our current customers, as well as help us attract new clients in untapped but high growth markets." Said Powell: "FundQuest is the industry's best kept secret and I look forward to applying my E-commerce, sales and marketing, and publishing experience in ways that bode well for FundQuest, but more importantly add value for our clients." "I have already begun to use my industry knowledge and contacts to design fee-based investment programs for 401(k) plan providers that are looking to expand investment options in a way that speaks to the participant's desire for advice," said Powell. "I also see enormous opportunity to use our technology to help variable annuity firms create overarching investment programs and sales support systems. Prior to joining FundQuest, Powell served as editor-in-chief of MutualFunds.com and president of FinStream.com, an online financial content company. Previously, Mr. Powell was Managing Director and Editor-in-Chief of DALBAR, Inc. where he was responsible for all aspects of the firm's multi-million dollar publishing company. At DALBAR, Powell he created, developed and launched several print and Internet-related products for the mutual fund, variable annuity, defined contribution, brokerage, insurance, banking and financial advisor markets, both domestic and global, including Mutual Fund Market News, Variable Annuity Market News, The Journal of Mutual Fund Services and Registered Investment Advisor Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in , Advice, Trust & Money, and Visionaries. Mr. Powell played a lead role creating and developing CompuServe's WOW!'s personal finance and business channel, as well as TheRightAdvisor, a joint venture between DALBAR and Microsoft's MoneyCentral.com. He has also served as an online chatroom host for America Online See AOL. . At DALBAR, following the sale of the publishing company to Thomson Financial Thomson Financial A major provider of information, analytical tools, and consulting services to the financial community. The firm, a division of Thomson Corporation, is best known to investors for its First Call segment, which publishes consensus earnings , Mr. Powell was part of the senior management team responsible for the company's E-Commerce, Business Development and Research initiatives. He was responsible for a joint research project between DALBAR and the International Association for Financial Planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against . Prior to joining DALBAR, Powell was a personal finance and mutual fund columnist and business reporter for The Boston Herald The Boston Herald is a tabloid format newspaper, though not a tabloid in the traditional sense, and is the smaller of the two big dailies in Boston, Massachusetts (the other being The Boston Globe). , where he launched "The Money Manager" and "On State Street" columns. He has also been a reporter for the Boston Business Journal and the Berkshire Eagle, and his work as appeared in The Wall Street Journal and The Financial Times. He has extensive television, radio and internet experience, having served as co-host of Talk of New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. on New England Cable News New England Cable News, known on-air as "NECN", is a regional cable television network serving the New England region of the United States. It is very similar to CNN in structure and style, but focuses more on regional news items and events. and Consumer Portfolio on Boston Cablevision, and host of The Money Manager on WMEX in Boston. Powell is currently serving as the editor for MoneyCentral.com's "Quick Reference" section, developing a personal financial education program for public television, and writing a book about Wall Street for a general audience. Powell, who holds an undergraduate degree from Marquette University and a graduate degree from Boston University, serves on the board of directors for the following organizations: The Boston University Program for Financial Professionals; the Nicholas Green Scholarship Fund, Inc., and Project SAVE Armenian Photograph Archives, Inc. He lives in Swampscott, Mass. with his wife and four children. Founded in 1993, FundQuest Incorporated (www.fundquest.com) designs, operates and delivers branded, flexible fee-based investment programs for financial institutions over the Internet. FundQuest's investment products and services provide partnering institutions a competitive edge in the fast changing and rapidly growing fee-based market. FundQuest today operates nearly 30 unique and institutionally branded, internet-delivered investment services platforms. FundQuest's clients and partners include some of the world's largest banks, insurance companies, brokerage firms, and mutual fund firms, including Fidelity Investments, John Hancock Financial Services, Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , FleetBoston Financial/Quick & Reilly, Lincoln Financial, Phoenix Home Life/WS Griffith and Co., Allmerica, and ReliStar Financial Group/ING Group. Note: A Photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.121500/bb3 |
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