Reuters Money: As tech millionaires multiply, wealth advisers struggle to connect

	Click to View in Browser 05/22/2014 As tech millionaires multiply, wealth advisers struggle to connect NEW YORK (Reuters) - When the nine-person startup he co-founded was bought by Facebook for a reported $15 million in January, Cemre Gungor, 27, was inundated with phone calls and emails from wealth advisers. Yet he spurned them all, opting instead to open an account with Betterment, an online financial adviser launched in 2010 that automatically invests in a portfolio of exchange traded funds based mainly on a client's age. Junk muni funds shine from land, leverage and Detroit sewer bets (Reuters) - After Detroit filed for bankruptcy last summer, portfolio managers at Eaton Vance municipal bond funds saw a gem hidden in the plumbing of the beleaguered Midwestern city. S&P, BlackRock plan 'smart' bond indexes and funds NEW YORK (Reuters) - Companies such as BlackRock Inc and Standard & Poor's are taking a popular stock fund strategy and applying it to bonds. U.S. mortgage collectors gag homeowners in loan deals (Reuters) - Joseph and Neidin Henard thought they had finally fixed the mortgage that was crushing them. Prudential's Greg Peters says bond yields signal recession possibility (Reuters) - Greg Peters, the former Morgan Stanley chief global asset strategist who sounded an early alarm about the financial crisis, said on Wednesday there is currently a remote chance of another U.S. recession but bond yields are signaling a troubling scenario. U.S. financial planning board to spot-check use of 'fee only' term (Reuters) - An organization that certifies and develops standards for financial planners is conducting spot checks of advisers it lists on its websites to make sure they are not misidentifying themselves as "fee only." Silent Circle, maker of anti-snooping phones, raises $30 million BOSTON (Reuters) - Silent Circle, a company that sells mobile phones and apps designed to thwart government surveillance, said on Wednesday it has raised $30 million in financing in a round led by Ross Perot Jr. and private investment fund Cain Capital LLC. Hedge fund 400 Capital gains on RMBS bets, makes new hires BOSTON (Reuters) - Hedge fund 400 Capital returned 3.26 percent during the first three months of 2014, beating its benchmarks as bets on residential mortgage backed securities paid off. How investors can get ready for inflation NEW YORK (Reuters) - Last month was not a good one for inflation hawks, unless they were looking for validation. Hedge fund sues McKesson for $500 million over Celesio deal FRANKFURT (Reuters) - Hedge fund Magnetar Capital is suing U.S. drugs wholesaler McKesson, saying its acquisition of German peer Celesio short-changed minority shareholders and bondholders by around 370 million euros ($507 million). Related Video Fed path to "normalization" slowed by housing, jobs Wall St. gains on Fed comments Business News Jobless claims rise; still close to pre-recession level Best Buy expects comparable store sales to fall for two quarters The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend