Deals & People October 4, 2010

Scottrade has New Head of Adviser Services

Brian Davis has been promoted to head of Scottrade Adviser Services, a division of the firm that offers institutional trading and custodial services to independent registered investment advisers (RIAs). 
Reported by

Davis joined Scottrade in 2003, and when Scottrade Advisor Services was established in 2005, he became its business development manager working to recruit RIAs.  Before joining Scottrade, Davis worked as an investment adviser, and in the retail brokerage and retail banking industries.   

While Davis was business development manager, Scottrade saw the number of RIAs using its service grow by more than 44% from 2008 to 2009.   

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Products October 4, 2010

Russell Releases Frontier Market Indexes

Russell Investments has launched a new series of benchmarks to reflect the global frontier market.
Reported by

 

A Russell news release said the new Russell Frontier Index will initially include 683 stocks from 41 countries, none of which are represented in the Russell Emerging Markets Index or Russell Developed Index.  Russell’s research of recent investment manager behavior suggested a need for a more robust set of niche indexes that offered exposure outside of the companies included in the Russell Global Index, the firm said. 

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Russell said the new methodology ensures weights are adequately distributed across countries in the index, allowing managers who invest in frontier markets to diversify their country risk.

Initially, the new family of indexes features the Russell Frontier Large Cap Index and Russell Frontier Small Cap Index as well as the Russell Frontier ex GCC Index (which does not include Bahrain, Kuwait, Oman and Qatar).

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