Investment Advisor April 2008

Features

  • Like Client, Like Advisor

    New research on the habits of Americans who espouse typical middle-class values but have assets of more than $1 million show these people have a...

  • Out of the Lab

    In talking about the advisory profession, and even the more rarefied wealth management dodge, industry pundits and other gadflys often make the point that it's...

  • E Pluribus Unum

    As financial advisors, we deal with a broad range of issues with our clients, many of which go way beyond money. Because of the nature...

  • Wedge Issue

    Many taxpayers and even their advisors may be unaware that recent tax code changes now provide for an accelerated depreciation deduction beyond that which is...

  • Protection Money

    I'm regularly surprised by how few asset managers have an investment strategy that can accommodate declining equity prices. Retaining equity positions in "good companies" through...

  • Northern Exposure

    Advisors have long known about globalization and how much faster many other countries--especially emerging markets like China, India, Russia, and Brazil--have been growing than the...

  • Deep Bench

    "I only have one rule about wealth managers," Mark Tibergien likes to quip, "they must have wealthy clients." If the current managing director of Pershing...

Beginnings

  • The Writer Couldn't Be More Wrong

    I confess to being appalled by January's "Soapbox" recommending performance-based compensation for investment advisors. The author, Dave Pike, could not have gotten it more wrong....

  • Asset Allocation, April 2008

    To learn this month's recommended asset allocations of Investment Advisor's panel of distinguished economists and money managers, click here.

  • Private Equity Pedigree = Persistent Positive Returns

    Private equity firms may be struggling with the credit crunch, but they're here to stay. That's the conclusion of a recent report from the Boston...

  • Talking Technology

    Technology stocks were a good holding in 2007. Tech stocks in the S&P 500 index put up an average gain of 15.5% last year, versus...

  • 401(k) Participants Can Sue

    Will there be an onslaught of lawsuits now that the Supreme Court has ruled that participants in a 401(k) plan can sue to recover losses...

  • SEC: "We hear you"

    The Securities and Exchange Commission has proposed an amendment to Part 248 Reg S-P: Privacy of Consumer Information and Safeguarding Personal Information, that may make...

  • Overseas Acquisition

    Focus Financial Partners has agreed to acquire Manchester, England-based Greystone Financial Services Ltd., making the U.K. wealth management firm the 15th "partner firm" in the...

  • Speeding ETFs to Market

    The Sec is making it easier for exchange-traded funds (ETFs) to come to market. The Commission proposed in early March a rule that would allow...

  • It's About Time

    Investment industry execs seem to agree that the SEC's proposed short-form mutual fund prospectus is long overdue. The novel-length, arcane prospectus that investors get now...

  • Bond Platforms Merging

    The two leading corporate bond platforms are about to merge. Incapital has entered into a definitive agreement with Bank of America to acquire its LaSalle...

  • New COO for PAS

    "We conducted a nationwide search," for the job of chief operating officer for Pershing Advisor Solutions (PAS), says Mark Tibergien, and found the top candidate...

  • Group Think

    The American College selected Carroll Walker as this year's recipient of the Samuel H. Weese Award, an honor given to individuals "in recognition of that...

  • Changes

    New York Life Insurance Company named Ted Mathas as CEO-elect. He retains his title as president and will succeed CEO Sy Sternberg when he retires...

  • Upgrades

    Assets in the industry's first mutual fund providing managed futures exposure are approaching the half-billion mark. The year-old Rydex Managed Futures Strategy Fund has attracted...

  • Transforming the Dependency Ratio

    The nation's elderly population will more than double in size from 2005 through 2050, as the baby boomer generation enters the traditional retirement years, according...

  • Taking the Helm

    On March 1, William McNabb became president and director of Vanguard, succeeding John Brennan. Within a year, McNabb, 50, will also take the CEO reins...

  • Catching up with...Patricia Cox

    Patricia Cox was named chief operating officer of Schwab Institutional in February, assuming a post last held by the current CEO of SI, Charles Goldman....

  • Innovate and Differentiate

    "Innovation drives profits," Steve Forbes told the attendees of the Raymond James Financial Services annual conference in mid-March, citing as one example the phenomenally popular...

Columns

Conclusions

Sidebar Stories

  • Europe, Middle East, Australia

    Vanguard has had operations in different parts of the world for some time, but for the moment, China and India are not among those parts....

  • Plain English, Please

    After much anticipation, on February 13 the SEC proposed amendments to Part 2 of Form ADV, which would require advisors to provide a plain-English narrative...

  • Hostility's Roots in Fear

    The key to restoring balance and tolerance, says Betsy Hostetler, Ph.D., is to calm people's fears. Dr. Hostetler, director of human resource development at the...

  • Annuity Assistance

    In a world where instant gratification is the norm, tools like AnnuityQuickQuote.com could come in handy. The site, launched in September 2007, provides immediate annuity...

  • In a Nutshell

    We argue that a tactical asset allocation approach will save clients pain, and in some instances add alpha to those clients' portfolios as well. Our...

  • As We Went to Press . . .

    On February 13, 2008, President Bush signed into law the "Economic Stimulus Act of 2008," which interests us because it provides an incentive to small...

  • Get Protected

    The estate and gift tax reduction benefits of a qualified personal residence trust (QPRT) are widely understood. But an often overlooked QPRT benefit is the...

  • Expensive To Omit

    Errors and omissions insurance generally has been necessary because of issues more related to actual physical problems with homes--everything from mold and pollutants, septic problems,...

  • Seven Steps

    In forging a strong interdisciplinary advisory team there are a number of issues to face, including: Sharing Client Information: This is a big issue from one...

  • How the Winners Were Chosen

    Prima Capital Director of Research Nathan Behan and his team of analysts--Pat Flynn and Rush Harvey, Large Cap; Matt Zimmer, Mid Cap and Fixed Income;...

  • About the manager

    In addition to managing the portfolio of $4.3 billion Fidelity Canada Fund, for U.S. investors, Fidelity Investments Portfolio Manager Maxime Lemieux also manages funds that...

  • Behind the Numbers, Gary Shilling

    "I think this is going to be a serious recession that consumes the rest of the year," notes Gary Shilling, president of A. Gary Shilling...

  • Mirror, Mirror

    When Lewis Schiff presented the preliminary findings from his research at the Investment Advisor/Moss Adams Advisor Summit in November 2007, there was an immediate reaction...

  • In the Running

    There were just six SMA Awards given, but there were more than six worthy candidates. Here are this year's semifinalists: Large-Cap--C.S. McKee, LP--Domestic Value Equity Wedgewood Partners,...

  • Rocket Science and Investment Management: Closer Than It Seems

    Although it may seem surprising to many, Walter Gerasimowicz says that his careers as scientist and an investment advisor are not as dissimilar as they...

  • About the Advisor

    Dr. Walter V. Gerasimowicz Chairman and CEO Meditron Asset Management, LLC 641 Lexington Avenue, Suite 1400 New York, NY 10022 Phone: 212-622-7822 Fax: 212-622-7823 E-mail: wgerasim@meditronassetmanagement.com Web site: www.meditronassetmanagement.com Additional offices: Zurich, Switzerland, and...

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