Investment Advisor December 2006

Features

  • Sowing Good Works

    Philanthropy is very trendy right now. Think of Warren Buffett's decision to give away around $37 billion worth of his hard-earned Berkshire Hathaway stock to...

  • Accentuate the Positive

    While I am a patriotic American, I'm quite glad that Election Day is over. All those nasty TV commercials running up to the election are...

  • Do It Now; Do It Right

    As 2006 comes to a close and you reflect on the year's successes, it's important to look ahead by asking yourself a question that too...

  • Reality Check

    Does your firm's structure tend to isolate skilled, entrepreneurial talent near the top, so that only a few key individuals are capable of managing the...

  • Growing Green

    Whether as a conscious effort to "do good" or part of year-end tax planning, investors think more about charitable causes and social responsibility during the...

  • Surf's Up

    If Richard Manchester had his druthers he'd probably never leave the comfortable confines of Laguna Beach, California. It's where he's had his home for most...

Beginnings

  • Rogaine for Estates: Avoid Heir Loss

    Considering that the results of the recent elections have thrown the repeal of the estate tax into even further jeopardy, the need for proper estate...

  • Asset Allocation, December 2006

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

  • Convert Arb Makes a Comeback

    A survey of 15 organizations with around $117 billion of assets invested in hedge funds revealed a huge decline in the popularity of global macro...

  • Sweet, Not Sour, Returns For Investors

    Chinese stocks are red-hot--the MSCI China Index has soared 40.3% year-to-date through October. By comparison, the MSCI Euro Index is up a pedestrian 22.7%, while...

  • The Conference Season

    The fall is conference season for investment advisors and financial planners, marked this year by two of the biggest annual gatherings held just weeks apart--The...

  • Catching up with... Liz Ann Sonders

    After the mid-term elections in which the balance of power in both the House of Representatives and the Senate shifted to Democrats, IA had to...

  • News

    The Financial Planning Association endorsed a proposed rule by the Massachusetts Securities Division that would prohibit financial services professionals from using misleading professional designations. Massachusetts...

  • The CFP Board announced the appointment of Don Tharpe as interim CEO, replacing the departed Sarah Teslik. He will manage CFP Board's operations while the...

  • Upgrades

    Vanguard reopened the Strategic Equity Fund and increased its minimum initial investment to $10,000. The firm also lifted the $25,000 annual investment limits on Vanguard...

  • Renaissance Man

    Many advisory firms split responsibilities among the principals of the firm, and many aim to provide clients with market-beating returns. Ben Warwick's firm does the...

  • Young Spendthrifts

    Young people are not saving for their future. Drs. Christopher Thornberg and Jon Haveman of Beacon Economics, based in Los Angeles, released a study in...

  • Canadian Cold Front Hits Unit Trusts

    The surprise proclamation by the Canadian government that the income trust sector will lose its preferential tax status by 2011 sent shockwaves through the country's...

  • Giving Back, Smartly

    The advisor's frustration was palpable. We had begun the conversation during lunch at the annual Financial Planning Association conference with a simple question about his...

Columns

  • Trading Places

    Succession planning specialists say that only about one out of three family businesses successfully transfer from the first generation to the second. Although family business...

  • Hope It Wasn't Something I Said

    Columnists work in a rather bizarre environment. We periodically cast out our thoughts onto pages and the Internet and the airwaves in the hope that...

  • Gifts That Keep Giving

    It's that time of year again. Not only is Santa Claus coming to town, but the kids and grandchildren as well. In the spirit of...

  • Democrats and Hedge Funds

    Now that the Democrats have seized both houses of Congress, some hedge fund officials are anticipating tighter controls on the industry. Granted, Republicans, too, heightened...

  • Gone, but Not Forgotten

    In eras past, the rebirth of the new year started in springtime. For reasons that can only be guessed at today, we begin ours during...

Conclusions

  • A Universal Concern

    When it comes to worrying about retirement, pre-retirees and retirees around the world are in sync, though some, like the Japanese, are more anxious than...

  • The Retirement Education Revolution

    As the largest generation in U.S. history, baby boomers have always defined the times. As children in the 1950s, it was the age of innocence,...

  • NEWS & PRODUCTS

    Morningstar has introduced Morningstar Retirement Income Strategist, a Web-based financial planning tool designed to help advisors create comprehensive analyses for clients who are nearing or...

  • Pension Act Reforms for DB and Hybrid DC Plans

    For those trying to devise defined benefit (DB) and hybrid defined benefit/defined contribution (DC) plans that fall under the employer deduction rules of the Pension...

  • More Than Just Account Aggregation

    Any advisor who's worth his salt knows that to adequately assess whether a client is on target to retire comfortably, he must have a handle...

  • Three-Part Harmony

    Get out your pitch pipe, and sing along as the SEC begins in the first quarter of 2007 to look at proposals for regulatory rules...

  • NEWS & PRODUCTS

    Goldman Sachs and Lehman Brothers won Diversity Leadership Awards from the Securities Industry and Financial Markets Association (SIFMA). Goldman Sachs received the Sustained Leadership Award...

  • Physician, Insure Thyself

    Disability insurance is undergoing some interesting changes. According to John Ryan of Ryan Insurance Strategy Consultants in Greenwood Village, Colorado, one of those changes is...

  • The Top Ten

    At the end of the year we often look back and assess how we did--our accomplishments and even our failures. A more helpful approach both...

Sidebar Stories

  • Less is More

    One change now surfacing within the disability market, according to John Ryan, a Greenwood, Colorado insurance consultant to financial advisors, is John Hancock's approach to...

  • Morgan Stanley's Appetite for Hedge Funds

    In early November, Morgan Stanley announced its third investment in, or acquisition of, a major hedge fund in a matter of three days. On October...

  • Retirement Planning for Fidelity Retail Customers

    In late October, Fidelity Investments unveiled a retirement guidance tool for retail investors called myPlan designed to help investors start saving for retirement, and those...

  • Zero Sum Game

    In October, Bank of America and Zecco.com each announced plans to offer clients zero commissions on stock trades. Zecco.com announced that for a minimum deposit...

  • Filing a Gift Tax Return

    Generally, a gift tax return must be filed on Form 709 if any of the following apply to your clients. They: - Gave gifts to at...

  • Private, but Reasonable

    Of the many charitable avenues an advisor could steer a client down, private foundations might be more reasonable than you think. The New York-based Foundation...

  • A Good Foundation

    Although the good works done by foundations are usually in the grant-making area, lately an SRI mindset is also occurring on the investment side, says...

  • The Other Side of Referrals

    Richard Manchester admits to being pretty picky when it comes to adding clients. When he does find a prospect that he thinks would be a...

  • About the managers

    Jackson Robinson, President and CIO of Winslow Management Company, founded the firm in 1983 after posts at Prudential Securities in trading, sales, and research, and...

  • The Fed's Role in Community Development

    The Federal Reserve Board and community development financial institutions (CDFIs) have a shared goal: to increase economic opportunity for low-income individuals. That was the message...

  • The Moskowitz Prizewinner: Professor Brad Barber

    The 2006 Moskowitz Prize for Socially Responsible Investing has been awarded to Brad Barber, professor of finance at the University of California, Davis, for his...

  • Richard Manchester

    Wave Wealth Management 479 Ocean Avenue, Suite D Laguna Beach, California 92651 Phone: 949-497-9100 Richard@wavewealth.com Year practice began: 2006 Number of advisor in firm: 1, plus three-person support staff Number of clients:...

  • Where to Begin?

    How do you start an ethical will? There are no rules for the content, format, size, or shape of an ethical will--it can be whatever...

  • Behind the Numbers, with Mark Keller

    "We think the data show that stocks' long-term performance is superior to that of the other asset classes, hence, we tend to weigh stocks more...

Web Extras

  • SRI Information Resources

    SSRN-CorpPhilanthropy.pdfUse the links below for more detailed information on socially responsible investing and other topics mentioned in this month's cover story. The U.N. Principles for...