Investment Advisor February 2008

Features

  • Visionary

    "...we are on the brink of a revolution in the financial planning industry. This sea change is being led by a successful financial planner who...

  • The Bell Tolls

    The age wave has at last reached shore. In 2008, baby boomers begin turning 62--old enough to draw Social Security. This horde born between 1946...

  • Illusionist

    One of the banes of modern investment manage- ment is the existence of closet indexers--money managers who are ostensibly active managers but who in fact...

  • Go Anywhere

    By now advisors have heard the hue and cry of many experts imploring them to move away from value investing and into growth investing, and...

  • Impressionist

    When it comes to how advisors market themselves, they shouldn't neglect an obvious yet somewhat overlooked first step. "People size you up within 10 or...

Beginnings

  • Tolerance Rears Its Welcome Head

    I was surprised by the first letter in your December 2007 issue. I had the distinct pleasure to work with Frank Siegel. I was then...

  • Asset Allocation, February 2008

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

  • California Seeks Advisor Registration

    A proposal under consideration by the California Corporations Comm-issioner that would require registration by hedge funds is having a hard time finding supporters. The Commissioner's proposal...

  • Experts Differ on Japan for '08

    From 2003 to 2006, investors were well served with Japanese equity funds. Then in 2007, the average Japanese equity fund posted a loss of 6.42%,...

  • Expansion of AMT Put Off

    A flurry of last-minute year-end legislative action by the first session of the 110th Congress included a bill that postpones by a year expansion of...

  • ETF Market's In Good Shape

    If mutual funds are the professional football teams of the investing universe--strength in numbers, with the pooled cash following the portfolio-building plays called by quarterback...

  • Catching up with...

    Brian McMahon, longtime president and chief investment officer at Thornburg Investment Management (TIM), added the CEO mantle to his responsibilities on January 1, succeeding Garrett...

  • A Groundbreaker

    Now that the much-anticipated Rand study of the broker/dealer and investment advisory industries is out, it promises to be the biggest topic of discussion for...

  • Group Think

    The Government Accountability Office (GAO) recently told the SEC to beef up its oversight of self-regulatory organizations (SROs). The GAO wants the securities regulator to...

  • Changes

    Brecek & Young Advisors, Inc. announced that Roland Brecek will retire from his role as president, effective February 1, 2008, but will remain at the...

  • Upgrades

    Standard & Poor's launched a new investable index for investors seeking exposure to environmentally responsible investment strategies. The S&P Global Eco Index provides exposure to...

  • The Race to "Rich"

    How much money does it take before you are rich? Even better, how much does it take to feel rich yourself? According to a recent...

  • Lessons From a Banker

    "We don't cover individual equities, no," is what Investment Advisor editors always say to PR people who call us touting the hottest new stock. There...

Columns

  • Making Collaboration Work

    Properly protecting assets to fulfill a family's wishes and having the right documents implemented is what separates advanced planning from theory, as we discussed last...

  • More Than Keeping Score

    An accepted principle in portfolio management is rebalancing--the process of restoring your portfolio to its original mix that was designed to meet a specific investing...

  • Selling Out

    At the end of last November, I had the privilege of moderating a panel of advisors at the Investment Advisor Moss Adams Advisor Summit in...

  • Quality Time

    In our past two articles, we discussed qualitative research that JPMorgan conducted on both affluent clients and their advisors. The goal of this proprietary research...

  • A Busy Year in Washington

    The New Year is upon us, and perhaps the most significant event for the advisory industry has already taken place--the Rand report assessing the advisory...

  • Barring the Door

    Recently, one of my clients lost a long-time employee to another firm. This employee had been the admin/back office assistant to a solo practitioner for...

Conclusions

  • The New Paradigm

    On the face of it, the idea of marrying operations and compliance seems natural. But such a marriage is not about combining two separate functions...

  • Buying Binge

    The Hartford is on a buying spree. In December, Simsbury, Connecticut-based The Hartford Financial Services Group acquired three businesses--TopNoggin, Sun Life Retirement Services, and Princeton...

  • Win Over Those Rollovers

    Of the more than 200,000 practicing financial advisors it counts in the United States, less than 10% concentrate on the retirement plan marketplace, according to...

  • Big Years Ahead for Auto Enrollment

    Ask David Wray, president of the Profit Sharing/401(k) Council of America, what the retirement landscape will look like in 2008, and he's quick to point...

  • Retirement News & Products

    Data culled by the Employee Benefit Research Institute (EBRI) shows that Social Security remains a significant source of retirement income for higher income earners, not...

  • Litigation A-Go-Go

    Following months of giant bank and broker/dealer write-downs, losses, CEO expulsions, runs on banks, and the pummeling of shareholder value at many of the world's...

  • B/D News & Products

    On January 8, James Cayne of Bear Stearns announced his plan to step down as CEO, effective immediately, though he will stay on as chairman...

  • Insuring Future Success

    Mergers are not the sole province of corporations. Two longtime financial trade organizations have joined the trend to consolidate. However, they will not lose their...

  • Is an IPS the Answer?

    In my last two Expert's Corner columns ("Confusion and Misinformation, November 2007 and "Use Them, But Carefully," December 2007), we addressed some of the misinformation...

  • The ETF Solution

    With most workers responsible for their own retirement planning these days, the pressure on corporate America has never been greater to offer effective investment choices...

Sidebar Stories

  • No Prospecting Allowed

    Although Waldron Wealth Management has realized impressive growth, particularly over the last three years, it can't be laid to the firm's extensive marketing or prospecting...

  • John Doesn't Do PowerPoint

    One day in 2003, John Waldron agreed to give a presentation to a group, but since he doesn't do seminars or public solicitation, he had...

  • Krishna Pendyala

    Chief Operating Officer and Coach Waldron Wealth Management 1150 Old Pond Road Pittsburgh, Pennsylvania 15017 Phone: 412-221-1005 Web site: www.waldronwm.com Year firm founded: 1995 Year joined firm: 2004 Firm AUM: $750 million Firm assets...

  • The Three Questions

    The signature exercises that Kinder's Institute of Life Planning conducts at its workshops to help an individual discover what's most important to them start with...

  • Who's a Boomer?

    The term "baby boomer" is used to describe the generation born between 1946 and 1964, but there are in fact sub-groups. Leading Edge boomers, born...

  • How Others See Boomers

    To get a better handle on baby boomers, I did a little not-so-scientific research by asking several advisors to tell me what terms they associate...

  • When Value Means Growth

    In the process of screening the equity universe for possible inclusion in the Hartford Growth Opportunities Fund, manager Michael Carmen considers a company's earnings potential...

  • About the Manager

    Michael Carmen manages $9 billion for Wellington Management and The Hartford. He is senior VP and equity portfolio manager at Wellington, which sub-advises the Hartford...

  • Clean Up That Mess!

    The physical space of your office should not only be professional and comfortable for clients, but it should also be clean and tidy. In particular,...

  • Enhancing the Level of Service

    Valet parking and an office big enough to display a large tank of saltwater fish might impress your clients and prospects, but they aren't practical...

  • Democrats Expect Economy Will Go South in '08

    A new study by Harris Interactive finds that more than half the nation's Democrats and Independents feel the economy will get worse in 2008. The...

  • Declines on the Rise

    Peering at projections for 2008 may make one a bit uneasy. For example, the Securities Industry and Financial Markets Association (SIFMA) 2008 U.S. Market Outlook...

  • Economies of Scale

    As an example of ways in which the new organization of LL Global can help the financial services industry, Howard Drescher of LIMRA points to...

  • Avoiding Mismatches

    The director of the SEC's Division of Investment Management mentioned derivatives in particular at the ICI's Operations and Technology Conference last October: ". . . one...

  • Behind the Numbers with Sam Stovall

    Sam Stovall, S&P's chief economic strategist, says he has a neutral exposure to stocks, with an overweight in international. "We have split up the 60%...

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