Deals & People May 31, 2007

Bear Stearns IAS Adds to East Coast Sales Team

Bear Stearns' Investment Advisor Services (IAS) has hired Christian Widen, a managing director with 11 years of financial services experience, to be part of the company’s IAS east coast sales team.
Reported by
As part of an ongoing growth strategy for Bear Stearns Broker-Dealer & Investment Advisor Services, Widen will join Murali Balasubramanian, managing director, on the team and both will report to Chris Nastopoulos, managing director and head of sales for IAS.
Prior to joining Bear Stearns, Widen was a Vice President at Fidelity Investments’ RIA group and in 2003, he was the recipient of Fidelity’s President’s Club Award as top sales executive in the country.
IAS is a business unit of the Global Equities division of Bear, Stearns & Co. Inc., which provides trade execution, custody, clearing services, technology, wealth management solutions, and investment products to over 100 Registered Investment Advisor clients.
Products May 31, 2007

Transamerica Adds Five Fund Choices

Transamerica Retirement Services has announced the addition of five investment choices from two fund families – Thornburg Securities and Fred Alger&Co., Inc.
Reported by
According to a Transamerica news release, the investment choices meet the criteria of the Transamerica Investment Monitor’s (TIM) investment selection and monitoring process.
The new investment choices include:
  • Thornburg Value Retirement Account.
  • Thornburg International Value Retirement Account.
  • Alger Capital Appreciation Retirement Account.
  • Alger SmallCap and MidCap Growth Retirement Account; and
  • Alger SmallCap Growth Retirement Account.
The Thornburg and Alger additions bring the total investment choices offered by Transamerica to 152, including target maturity, strategic allocation, hybrid and other specialty investment vehicles.
When selecting investment choices, Transamerica’s TIM process examines six different criteria, including performance measurement, style consistency, fees and expenses, investment process and portfolio composition, management tenure and organization.
More information is at www.TA-Retirement.com.

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