Financial Advisors Get Social

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 Raymond James Financial Advisors Get Social

Tom Groenfeldt, Forbes Contributor

Financial advisors at Raymond James are now able to use social media tools including LinkedIn, Facebook and Twitter through the Actiance compliance tool, Socialite. Advisors also have optional access to a library or pre-approved content and tools to measure engagement.

Mike White, marketing director at the Florida-based financial services firm, said the Actiance alliance fulfills a commitment made early in the year to provide social media tools for advisors.

Financial firms have been slow to adopt social media, he said, and they have watched to see how regulators would interpret social media communications.

“In addition to incorporating the technology and archiving platform with Actiance, we have developed guidelines, training sessions and marketing and communications support to help advisors leverage social media in their client engagement and new prospecting activities,”  added White.

In the two months since the Actiance rollout, 1,200 of the firm’s 5,000 advisors have signed up. The company offers interactive video training to show advisors how social media can be used properly.

“We know there have been a lot to mis-steps [with social media] by public figures and we want out advisors and our brand to be protected in the process.”



Early adopters at Raymond James spread across all ages; the fastest to move to social media are the advisors who are most marketing oriented, White said. As the technology becomes easier to use, the age skew is not as pronounced as it once was, he added. Grandparents are among the most active users of Raymond James online services.

White thinks advisors will use social media both to stay in communication with existing clients and to prospect for new ones.

Raymond James has several people in its 200-strong compliance group who review all social media content before it goes out, with the result that approvals can usually be done the same day content is submitted. Tweets and posts go through a workflow process to provide the firm compliance oversight while allowing advisors to offer a personal touch.

“Our understanding [of the regulations] is that we do not have to review communications ahead of time, but we are being conservative.”

White said that in addition to approved canned content the company offers Tweets and posts from its economist or stock strategist.

“One great thing about Actiance is they were relatively early to the game of social media so they understand the importance of providing flexibility and insight to the communications.” The company also reviews blogs by its advisors before they are posted, a process which White said is now at the point social media was a few years ago.

“We treat blogs as ads that have to be pre-approved.”

The Aite Group, a financial research firm, entitled a recent report on social media for financial advisors “The Bloom is off the Rose.” Roughly 7 in 10 financial advisors use social media for personal purposes and half use it for business, figures which have increased since 2009, said Ron Shevlin, senior analyst with Aite Group and co-author of this report.

Use of LinkedIn has increased for business purposes and the time spent on Facebook, Twitter and blogs has declined among financial advisors. Advisors don’t spend much time on leading social media finance sites such as Stockpickr or Wikinvest; only a third of the advisors surveyed were even familiar with them.

Advisors are seeing diminishing returns from social media, according to Aite. Reaching new prospects was cited by only 19 percent, half the percentage in 2009 while increasing revenue or fees linked to social media declined from 16 percent to 6 percent.

Just six percent of advisors who don’t already use social media plan to do so over the next year. Thirty-eight percent said it wasn’t worth their time and 34 percent just don’t like to communicate with customers that way. Nearly three-quarters said their firms have policies that limit or ban the use of social media.

Vendors had some suggestions for the best ways to use social media. Actiance told Aite Group that responding to clients’ postings, such as a new child or a new job, with an appropriate messages is effective.  Echoing what White said about early adopters eMoney Advisor noted that advisors who are good at marketing are good at using social media. Financial Social Media’s recommendations suggest why some advisors are losing interest — they recommended Tweeting three to five times per day and updating LinkedIn and Facebook at least twice a day. That suggests a substantial time commitment. Other vendors of social media tools including SocialVolt, Socialware, SocMediaFin, SunGard, ThomsonReuters and Wired Advisor had a variety of suggestions about defining an approach to marketing, listening to the market and building out social networks.

Aite concluded that many financial advisors have decided that social media is not living up to its hype.

“The absence of tangible benefits from social media is muting advisors’ perception of its potential importance,” said Shevlin. Financial firms should expand their focus beyond compliance to look at effectiveness, added Aite, offering several specific suggestions for defining messages, choosing the proper platform and improving marketing skills.

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Apple dominates Google's Zeitgeist 2011

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by Eric Mack

 

Apple dominates Google's list of "Fastest Rising Technology" searches of 2011 from the United States. 
(Credit: Screenshot by Eric Mack/CNET)

 

Google's annual Zeitgeist roundup of the hottest trends in search from 2011 is out, and when it comes to tech, Apple dominates the list.

In Google's top 10 list of fastest-rising technology searches for the United States, the top six are all Apple-related, led by "iCloud," "Osx Lion" and "Ipad 2." "Steve Jobs" also makes the list at No. 8.

Google fared a little better on its own overall global top 10 list, with "Google+" snagging the No. 2 spot. In a major milestone in the history of collective global humiliation, the top search slot for 2011 goes to "Rebecca Black." Apple also occupies three places on the overall list, with "iPhone 5" at No. 6; "Steve Jobs" at No. 9; and "iPad 2" at No. 10.



Google's list of fastest-rising gadgets for the year is a little more representative of the overall market, with Kindle Fire grabbing the search gold in that category. The iPhone 4S was the second-fastest-rising term, and the iPad 2 fills the seventh place. "Sidekick 4g," "HP Touchpad," "HTC Inspire," "Palm Pre 3," and the "HTC Thunderbolt" are some of the other devices that people spent plenty of time coveting via Google in 2011.

It's important to note that these "fastest rising" terms are based on comparing year-over-year data and seeing which terms increased their buzz the most from 2010. So since the Kindle Fire didn't exist in 2010, it had a bit of an advantage over terms like "iPad 2," which was already in the lexicon even before the Fire came onto the scene.

Finally, in Google's top 10 list of cell phone searches--overall, not using the fastest-rising methodology--the query "iPhone" sits on a pretty tall throne above all others. But it isn't completely an Apple world. Serving as a reminder that we can't all afford a top-of-the-line smartphone is the No. 5 entry on the list--prepaid budget carrier "Tracfone."

Eric Mack

Crave freelancer Eric Mack is a writer and radio producer based high in the Rocky Mountains in a "one bar" service area (for both drinks and 3G). He's published e-books on Android and Alaska, and is a contributing editor for Crowdsourcing.org and A New Domain. He also contributes to NPR, Gizmag, and Edmunds Inside Line. Eric is a member of the CNET Blog Network and is not an employee of CBS Interactive. E-mail Eric.

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Best of 2011: How To Turn A Laser Into A Tractor Beam?

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Published by MIT

How To Turn A Laser Into A Tractor Beam

Physicists work out how to generate a backward pulling force from a forward propagating beam

A photon has a small momentum which it can impart to anything it hits, as Arthur Compton and Peter Lebedev discovered at the beginning of the last century. We now know that photons can be used to push anything from electrons to solar sails.

Today, Jun Chen from Fudan University in China and a few pals demonstrate the counterintuitive result that photons can pull things too. In other words, they've worked out how to generate a backward pulling force from a forward propagating beam.



Chen and buddies say this is possible when the system meets two conditions. First, it works only for beams in which the momentum in the direction of propagation is small, as is the case for beams that merely glance off an object. Second, the photons must simultaneously excite several multipoles within the particle, which scatter the beam.

If the scattering angle is just right, the total momentum in the direction of propagation can be negative, meaning the particle is pulled back towards the source and the light becomes a tractor beam.

This must not be confused with various "optical tweezer" type mechanisms in which particles trapped in a beam follow the intensity gradient of the light. In this case, the particles always reach some point of equilibrium where the intensity reaches a maximum.

Chen and co's new force works when there is no gradient. Given the chance, their tractor beam will pull a particle all the way back to the source.

That's a handy additional tool in the nanomanipulator's box of tricks. "This may open up new avenues for optical micromanipulation, of which typical examples include transporting a particle backward over a long distance and particle sorting," say Chen and co.

This is a theory paper so there's one piece of the puzzle left to fit. All they have to do now is demonstrate that their tractor beam works.

Ref: arxiv.org/abs/1102.4905: Backward Pulling Force From A Forward Propagating Beam

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Nanjing Massacre remembered!

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Photos: China Remembers the Nanjing Massacre

blogs.wsj.com
 

Events were staged Tuesday to remember the victims of the Nanjing massacre on its 74th anniversary. Occupied by Japanese troops on Dec. 13, 1937, China's former southern capital city suffered a six-week massacre in which more than 300,000 were... Edit

The Nanjing Massacre « Talesfromthelou's Blog
talesfromthelou.wordpress.com/2012/02/21/the-nanj...
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Nanjing Massacre: 300,000 Chinese People Killed, 20,000 Women Raped ... 

Uploaded by Sarastarlight on Nov 18, 2006
 

http://RapeofNanking.info Rape of Nanking - Nanjing Massacre. Japanse Atrocities in Asia. Part I of 2. This documentary, by Rhawn Joseph is based on 20 years research and consists entirely of archival photos and film-clips. This film begins with an overview of Japan and China at the beginning of the 20th Century, explains the mind-set of the Japanese and their God, Hirohito, and then continues with the invasion of China, the crimes committed by the Japanese (during the Fall) on the road to Nanjing, Nanjing Massacre, the rape of the Philipines, Unit 731, the Baatan death camps, Japanese denials, and the dropping of the A-bomb on Japan.

The purpose of this film is educational, and to explain the mind-set that led to a horrible crime: the torture and murder of 280,000 civilians by Japanese soldiers who took great pleasure in raping, bayonetting, beheading and burning people alive. We wish to emphasize: These crimes took place throughout Asia, and the Japanese planned the same for the White races as well, including America.

Those who do not learn from the past, are condemned to repeat it. The purpose of this film is, thus, educational. We have no hatred for the Japanese people.

This documentary is an independent production. We are not associated with and never received any financial help from the Chinese government or any group or organization. The film is completely independent. We have no political motives. We have no purpose and no other goal other than to create an interesting, provocative, educational movie that speaks to the mind and intellect, and which can speak to the heart and one'e emotions.

Credits: The English edition is narrated by Rhawn Joseph, Ph.D.. The film was produced, written, and edited by Rhawn Joseph, Ph.D. Additional Credits: Music. The musical soundtrack (all music is identified at the end of the film) was arranged and selected by R. Joseph, Ph.D., and was reproduced in this film courtesy of Arc Music Productions Int., LTD, United Kingdom; Nonsuch Records, Warner Music Group, Rhino Entertainment, New York. Sony Classical Music, New York.

Modern History Sourcebook:
The Nanking Massacre, 1937

---

The Japanese occupation of Nanking, the capital of the Republic of China, lead to one of the greatest horrors of the century . This eyewitness report was filed by a New York Times reporter.

Aboard the U.S.S. Oahu at Shanghai, Dec. 17 [1937]. 

Through wholesale atrocities and vandalism at Nanking the Japanese Army has thrown away a rare opportunity to gain the respect and confidence of the Chinese inhabitants and of foreign opinion there.... 

The killing of civilians was widespread. Foreigners who traveled widely through the city Wednesday found civilian dead on every street. Some of the victims were aged men, women and children.

Policemen and firemen were special objects of attack. Many victims were bayoneted and some of the wounds were barbarously cruel.

Any person who ran because of fear or excitement was likely to be killed on the spot as was any one caught by roving patrols in streets or alleys after dark. Many slayings were witnessed by foreigners.

The Japanese looting amounted almost to plundering of the entire city. Nearly every building was entered by Japanese soldiers, often under the eyes of their officers, and the men took whatever they wanted. The Japanese soldiers often impressed Chinese to carry their loot....

The mass executions of war prisoners added to the horrors the Japanese brought to Nanking. After killing the Chinese soldiers who threw down their arms and surrendered, the Japanese combed the city for men in civilian garb who were suspected of being former soldiers.

In one building in the refugee zone 400 men were seized. They were marched off, tied in batches of fifty, between lines of riflemen and machine gunners, to the execution ground.

Just before boarding the ship for Shanghai the writer watched the execution of 200 men on the Bund [dike]. The killings took ten minutes. The men were lined against a wall and shot. Then a number of Japanese, armed with pistols, trod nonchalantly around the crumpled bodies, pumping bullets into any that were still kicking.

The army men performing the gruesome job had invited navy men from the warships anchored off the Bund to view the scene. A large group of military spectators apparently greatly enjoyed the spectacle.

When the first column of Japanese troops marched from the South Gate up Chungshan Road toward the city's Big Circle, small knots of Chinese civilians broke into scattering cheers, so great was their relief that the siege was over and so high were their hopes that the Japanese would restore peace and order. There are no cheers in Nanking now for the Japanese.

By despoiling the city and population the Japanese have driven deeper into the Chinese a repressed hatred that will smolder through tears as forms of the anti­Japanism that Tokyo professes to be fighting to eradicate from China.

The capture of Nanking was the most overwhelming defeat suffered by the Chinese and one of the most tragic military debacles in the history of modern warfare. In attempting to defend Nanking the Chinese allowed themselves to be surrounded and then systematically slaughtered....

The flight of the many Chinese soldiers was possible by only a few exits. Instead of sticking by their men to hold the invaders at bay with a few strategically placed units while the others withdrew, many army leaders deserted, causing panic among the rank and file.

Those who failed to escape through the gate leading to Hsiakwan and from there across the Yangtze were caught and executed....

When theJapanese captured Hsiakwan gate they cut off all exit from the city while at least a third of the Chinese Army still was within the walls.

Because of the disorganization of the Chinese a number of units continued fighting Tuesday noon, many of these not realizing the Japanese had surrounded them and that their cause was hopeless. Japanese tank patrols systematically eliminated these.

Tuesday morning, while attempting to motor to Hsiakwan, I encountered a desperate group of about twenty­five Chinese soldiers who were still holding the Ningpo Guild Building on Chungahan Road. They later surrendered.

Thousands of prisoners were executed by the Japanese. Most of the Chinese soldiers who had been interned in the safety zone were shot in masses. The city was combed in a systematic house­to­house search for men having knapsack marks on their shoulders or other signs of having been soldiers. They were herded together and executed.

Many were killed where they were found, including men innocent of any army connection and many wounded soldiers and civilians. I witnessed three mass executions of prisoners within a few hours Wednesday. In one slaughter a tank gun was turned on a group of more than 100 soldiers at a bomb shelter near the Ministry of Communications.

A favorite method of execution was to herd groups of a dozen men at entrances of dugout and to shoot them so the bodies toppled inside. Dirt then was shoveled in and the men buried.

Since the beginning of the Japanese assault on Nanking the city presented a frightful appearance. The Chinese facilities for the care of army wounded were tragically inadequate, so as early as a week ago injured men were seen often on the streets, some hobbling, others crawling along seeking treatment.

Civilian casualties also were heavy, amounting to thousands. The only hospital open was the American managed University Hospital and its facilities were inadequate for even a fraction of those hurt.

Nanking's streets were littered with dead. Sometimes bodies had to be moved before automobiles could pass.

The capture of Hsiakwan Gate by the Japanese was accompanied by the mass killing of the defenders, who were piled up among the sandbags, forming a mound six feet high. Late Wednesday the Japanese had not removed the dead, and two days of heavy military traffic had been passing through, grinding over the remains of men, dogs and horses.

The Japanese appear to want the horrors to remain as long as possible, to impress on the Chinese the terrible results of resisting Japan.

Chungahan Road was a long avenue of filth and discarded uniforms, rifles, pistols, machine guns, fieldpieces, knives and knapsacks. In some places the Japanese had to hitch tanks to debris to clear the road.

From F. Tillman, "All Captives Slain,'' The New York Times, December 18, 1937, pp. 1, 10.

This text is part of the Internet Modern History Sourcebook. The Sourcebook is a collection of public domain and copy-permitted texts for introductory level classes in modern European and World history.

Unless otherwise indicated the specific electronic form of the document is copyright. Permission is granted for electronic copying, distribution in print form for educational purposes and personal use. If you do reduplicate the document, indicate the source. No permission is granted for commercial use of the Sourcebook.

(c)Paul Halsall Aug 1997
halsall@murray.fordham.edu 

Related post:
Japanese Occupation survivors tell their stories

SP Setia Boss Liew is Malaysian Ernst & Young Entrepreneur of the Year 2011

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Liew named Malaysian Ernst & Young Entrepreneur of the Year

KUALA LUMPUR: SP Setia Bhd president and chief executive officer Tan Sri Liew Kee Sin has been awarded the Malaysian Ernst & Young Entrepreneur of the Year 2011.

Liew would represent Malaysia to compete for the coveted Ernst & Young World Entrepreneur of the Year award at the annual award in Monte Carlo, Monaco next year.

The award was presented at the Ernst & Young awards gala, which was launched by International Trade and Industry Minister Datuk Seri Mustapa Mohamed who represented the deputy Prime Minister.

According to the panel of judges, Liew stands out for his innovative thinking – embodying the true spirit of entrepreneurial excellence and commitment to continue making a difference in people’s lives.

Tan Sri Liew Kee Sin, President Executive officer of SP Setia Berhad, with the Malaysian Ernst & Young Entrepreneur of the Year 2011 award yesterday at the J W Marriot Hotel in Kuala Lumpur. Liew stands out for his innovative thinking – embodying the true spirit of entrepreneurial excellence.- Star picture by Shahrul Fazry Ismail.

Liew had demonstrated keen foresight and the entrepreneurial qualities of passion, vision, determination and innovation, with an emphasis on sustainability.

SP Setia is a property developer with a strong brand name.

It posted a 30% year-on-year jump in net profit to RM327.97mil for its financial year ended Oct 31, 2011.

Revenue increased 27.9% to RM2.23bil during the  period.

The group set a new full-year sales record in FY11 of RM3.29bil, a 42% increase from the previous record of RM2.31bil set in FY10.

It was the fourth consecutive year of increase in the group’s sales and represented the second consecutive year that total group sales had exceeded RM2bil.

The group recently launched its landmark integrated green commercial and mixed residential development called the KL EcoCity.

Internationally, its recent launches included Fulton Lane and EcoXuan, the group’s maiden project in Melbourne, Australia and second project in Vietnam respectively.



SP Setia was thrust into the limelight following a takeover bid by Permodalan Nasional Bhd (PNB) at RM3.90 per share and 91 sen per warrant in September.

SP Setia, Liew and PNB had proposed to enter into an agreement to formalise the incentives and management rights relating to the management and general conduct of the business of SP Setia.

The agreement is subject to an approval by the Securities Commission.

PNB might be paying out lucrative bonuses and stock options to SP Setia’s top management in order to persuade them to stay on with the group.

Meanwhile, Ernst & Young Malaysia country managing partner Abdul Rauf Rashid said Ernst & Young believed that entrepreneurship was fundamental and vital in every economy.

“Entrepreneurs help generate employment and industry growth.

“Indeed, driving entrepreneurship in Malaysia augurs well with the Government’s Economic Transformation Programme that encourages and facilitates private sector initiatives to drive our economy to a high-income nation,” he said in statement.

Ernst & Young presented four other awards for entrepreneurial excellence that included Emerging Entrepreneur 2011 to Exabytes Network Sdn Bhd chief executive officer Chan Kee Siak; Technology Entrepreneur 2011 to ViTrox Corp Bhd chief executive officer and president Chu Jenn Weng; Woman Entrepreneur 2011 to HELP International Corp Bhd chairperson/group CEO Datin Chan-Low Kam Yoke; and Master Entrepreneur 2011 to Liew.

The four recipients as well as the overall country award recipient were selected by an independent panel of judges guided by a set of globally-benchmarked criteria.

SP Setia targets RM4bil in property sales

By THOMAS HUONG huong@thestar.com.my

Developer posts 30% jump in FY11 net profit

SHAH ALAM: SP Setia Bhd posted a 30% year-on-year jump in net profit to RM327.97mil for its financial year ended Oct 31, 2011 (FY11). The property developer attributed this mainly to higher selling prices for new launches and the stabilisation in the prices of construction materials. Revenue also increased 27.9% to RM2.23bil.

The group also set a new full-year sales record in FY11 of RM3.29bil, a 42% increase from the previous record of RM2.31bil set in FY10.

It was the fourth consecutive year of increase in the group's sales and represented the second consecutive year that total group sales had exceeded the RM2bil mark, said SP Setia in a Bursa Malaysia filing.

Liew: ‘We target 70% of our product range in Singapore to cater to local upgraders.’>

(The sales figures are based on the retail pricing of properties sold, while revenue is recognised in the accounts when the developer is paid at the point of purchase and also when construction is completed in stages.)

SP Setia has proposed a final dividend of 9 sen per share. Together with the interim dividend of 5 sen per share, total dividend for the year works out to be 14 sen per share, representing a payout of about 59% of the group's net profit.

The group's profit and revenue were largely derived from property developments in the Klang Valley, Johor Baru and Penang.

Ongoing projects which contributed included Setia Alam and Setia Eco-Park at Shah Alam (Selangor), Setia Walk at Pusat Bandar Puchong (Selangor), Setia Sky Residences at Jalan Tun Razak (Kuala Lumpur), Bukit Indah, Setia Indah, Setia Tropika and Setia Eco Gardens in Johor Baru and Setia Pearl Island and Setia Vista in Penang.

President and chief executive officer Tan Sri Liew Kee Sin said the group was aiming to achieve total new sales of RM4bil in FY12.

“This is despite factors such as the external headwinds from the economic uncertainty in Europe, and Bank Negara's guidelines seeking to further encourage prudence in bank lending,” he told reporters.

About 90% of new sales in FY12 would come from Malaysia, with the balance from foreign markets.

Liew stated that the group had strong branding, and offered an extensive range of products that cater to diverse market needs.

The group's recent launch of its integrated green commercial and mixed residential development, KL EcoCity (Kuala Lumpur), is expected to contribute strongly to sales in FY12.

Other recent launches like Fulton Lane and EcoXuan, the group's maiden project in Melbourne and second project in Vietnam respectively, are expected to also help augment sales in FY12.

Meanwhile, Liew said he was not too concerned about the recent 10% increase in stamp duty for foreigners buying homes in Singapore.

“We target 70% of our product range in Singapore to cater to local upgraders. Foreign buyers will be about 30%, so we do not think there will be much of an impact,” he said.

Liew also said SP Setia was interested in making another bid to secure the project to redevelop London's Battersea Power Station. SP Setia had submitted a 262mil (RM1.3bil) offer for the project in November that was turned down, before recently making a a second bid of 324mil (RM1.6bil) that was also rejected.

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