Choosing Money Managers: What You Need to Know

	Money Manager Monthly	WrapManager.com \| Contact Us
		March 2011

	In This Issue
	Choosing Money Managers Oil, Economy and the Middle East Financial Planning with Your Spouse

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	Investment Quiz

	1. What percent of world crude oil production does Libya produce? a) 2.2% b) 0.5% c) 6.8% d) 3.1% 2. U.S. same-store sales rose ______ in January, higher than forecasts for a 1-2% rise. a) 8.5% b) 3.2% c) 4.8% d) 2.1% 3. What was the most recent unemployment number as of March 4, 2011 according to the Bureau of Labor Statistics? a) 10.1% b) 9.5% c) 8.9% d) 8.5% Answers: a, c, c Source: Federated Investors, Janus Capital Group, Bureau of Labor Statistics

MARKET COMMENTARY

Choosing Money Managers: What You Need to Know

By Seton McAndrews, Senior Wealth Strategist

Seton McAndrews The money manager world is vast and there are literally thousands of managers and strategies. Of course they all want to tout their strategy. "We're the best money manager for downside protection" or "Our top performing value strategy is pretty much the best out there." They are after all in the business to make money.

Selecting a money manager is a decision that can impact your goals, family, lifestyle, retirement and more. Therefore knowing the basics of evaluating a money manager is crucial. We've outlined a few simple filters to put a money manager through when you're considering hiring them.

Read On »

MONEY MANAGER COMMENTARY

Oil, Economy and the Middle East

Dealing With the Deficit Will Not Be Easy
Wells Fargo's weekly commentary takes a look at the US budget deficit and explains why there is still time to fix the growing problem. "Many investors worry that our country is headed for another financial crisis because of its growing national debt. We agree that the United States has a serious debt problem that needs to be addressed soon. However, a crisis can still be avoided."
Click here for Wells Fargo's Commentary

Dissecting the Middle East Situation
Money manager Federated Investors is out with a great market memo discussing their case for oil and how the recent events in the Middle East could affect pricing and the economy. Long-term they are bullish on oil and use historical events to form part of their conviction. Saudi Arabia, Libya, and Nigeria are discussed and ultimately arrive at the conclusion that the situation is likely overblown with regard to oil prices.
Click here for Federated's Full Commentary

Egypt's Ripple Effects
The latest commentary from money manager Janus takes a look at different possible outcomes in Egypt and what the effects could be on the region and emerging markets in general. "While the resignation of Hosni Mubarak releases some pressure in Egypt, some of the longer term regional and global investment concerns remain. Our most likely scenario was that Egypt would see an army-backed transition to a democracy, and Mubarak's resignation brings the country in that direction. The unrest highlighted some surprising investment positives in the region but also increased our concerns about some threats to emerging markets."
Click here for the Latest Janus Commentary

Government Spending Cuts and Higher Energy Prices
Northern Trust's Chief Economist Paul Kasriel explains why a cut in government spending in itself may not trigger credit creation and a broad increase in spending by nongovernmental entities. He also examines the effect on real economic growth from the perspective of energy price increases.
Click here for Northern Trust's Full Commentary

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FINANCIAL TIDBIT

Men and Women View Money Management Differently

Financial Planning With Your Spouse A recent survey by the PNC Financial Services Group finds that men and women are not on the same page when it comes to the impact of the recession on their financial planning. It suggests that open communication between spouses regarding financial affairs is an important part of financial harmony.

49 percent of women versus 39 percent of men say "we are planning our financial affairs more carefully than we used to." When rating their degree of concern, more women than men express worry about:

The recession (69% vs 54%)
Inflation (51% vs 44%)
Money to support lifestyle (46% vs 40%)
Not being able to support lifestyle in retirement (45% vs 34%)

We encourage our clients and their spouses to take the time to understand their investments and financial situation together. Give one of our Wealth Strategist a call today at (800) 541-7774 to review your financial situation together.

Source: PNC Group Inc. The "Wealth and Values" survey.

The attached report and information have been prepared or produced by WrapManager, Inc. from sources and data believed to be reliable. Information provided in this report is for educational and illustrative purposes only and should not be construed as individualized investment advice, as an offer to sell, or the solicitation of an offer to buy any security in any states where such an offer or solicitation would be prohibited by regulations. WrapManager, Inc. is not a tax advisory firm. We recommend you contact your tax attorney or CPA prior to utilizing any of the tax-related strategies mentioned or discussed. Returns and experiences will vary for each client. Each client's risk tolerance and investment objectives are unique to them. Past performance may not be indicative of future results. No assumption that future performance of any specific investment or product made reference to directly by WrapManager, Inc., on its Web site and in marketing materials, will be profitable or equal the corresponding indicated performance level(s). If performance numbers are generated gross of fees, a client's return will be reduced by investment advisory fees and any other expenses. Opinions expressed are those of WrapManager, Inc. and are subject to change without notice and are not necessarily those of Prospera Financial Services, Inc., its directors, parent company or its affiliates. Securities offered through Prospera Financial Services and cleared through First Clearing, LLC. Prospera Financial Services - Member FINRA/SIPC.

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