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

  • Getting a Handle on 408(b)(2)

    The Department of Labor's (DOL) newly proposed 408(b)(2) regulation, which mandates disclosures of compensation and conflicts of interest by plan service providers will, when finalized,...

  • Capital Control

    It's no secret that not all couples are alike. When it comes to raising families, running a household, or making a decision about what to...

  • NEWS & PRODUCTS, APRIL 2008

    Despite the uncertain financial and economic environment last year, Americans continue to contribute to their IRAs, and those Americans who work with advisors are more...

  • Positioning for the Great Wealth Transfer

    With trillions of dollars in liquid assets coming out of retirement accounts or transferred to the next generation in the coming years, many advisors are...

  • FINRA and SEC Look to Build Bridges

    Keeping the lines of communication open between broker firms and the regulating agencies of the Financial Industry Regulatory Authority and the Securities and Exchange Commission...

  • NEWS & PRODUCTS, APRIL 2008

    FINRA has settled cases against five firms for mutual fund sales and supervisory violations, imposing an $800,000 fine against Prudential Securities and a $750,000 fine...

  • Safe as Houses

    The subprime mortgage problem is not just for houses any more, as its repercussions permeate the overall economy. There are more difficulties to consider, however,...

  • Up the Down Staircase

    These days, it's difficult to turn on the television, read the newspaper, or surf the Net without encountering doom-and-gloom stories about the current real estate...

  • Getting Comfortable With Change

    As an active proponent of investment policy statements, I have frequent opportunities to speak with advisors about the how and why of using this tool...

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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