Investment Advisor January 2004

Cover Story

  • Harold Evensky and Deena Katz

    Evensky, Brown & Katz 2333 Ponce de Leon Boulevard, Penthouse Suite 1100 Coral Gables, Florida 33134-6622 Phone: 305-448-8882 or 800-448-5435 www.evensky.com harold@evensky.com o deenakatz@evensky.com Year practice began: 1984 Number of advisors in...

  • The Client Comes First

    Bet your firm doesn't provide valet parking, does it? Do you let clients "borrow" your firm's technology specialist to iron out their companies' computer glitches?...

Features

  • Clear Sailing

    Industry consolidation is taking its toll on clearing firms--on the number of firms, that is. But if you listen to executives at the surviving firms,...

  • Explaining Long-Term Care

    In the newly published third edition of his book, The Truth About Money (HarperBusiness), advisor Ric Edelman teaches the basics of managing personal assets and...

  • Getting It Right

    Do your clients have incorrect beneficiary designations? Sadly, the answer is probably yes. One leading tax authority and industry analyst estimates that 75% to 80%...

  • Eyes on the Prize

    This is the second in a three-part series on the challenges facing fee-only advisors. Part 1, which appeared in the December 2003 Investment Advisor, addressed...

  • Chugging Along

    Wall Street isn't partying like it's 1999 again--not yet, at least. But as the economy and stock market continue to awaken from their post-bubble blowout,...

  • The Gurus Weigh In

    FORECAST FOR 12/31/04 ALLOCATION DJIAS&P 500NASDAQFED FUNDS10-YR TSY. 4TH QTR GDPCPIYEN/$$/EUROSTK/BOND/CASH Lincoln Anderson11,500NANA2.00%5.50%4.50%2.20%1201.0777/20/3 Mark Balasa10,9001,1702,1002.00%4.70%3.80%2.70%1021.1565/33/2 Richard Bernstein10,5001,1501,9501.00%6.00%4.00%1.10%901.33NA Anthony Chan10,6501,1502,0951.50%4.90%4.00%2.40%1051.0960/38/2 Gail Dudack10,6601,1302,0002.50%5.50%3.40%2.50%951.3050/30/20 Sam Stovall11,0601,1902,1751.25%5.25%5.00%1.30%NANA65/10/25 Gary Shilling8,000NANA1.00%3.00%4.00%0.70%1201.0030/50/20...

  • A Patient Man

    Farming and investing might appear to have little in common on the surface, but you'd be surprised at how closely related the two activities actually...

  • About the Manager

    J. Jeffrey Auxier is the president and CEO of Auxier Management. He has a bachelor's degree in finance from the University of Oregon with an...

  • Red Tape, Red Ink?

    Corporate malfeasance. After-hours trading. Mutual fund misdeeds. Breakpoints. A market that lost more than 40% of its value in the last three years. Rampant consumer...

  • On the Agenda

    Nancy Johnson, a planner and FPA Board member, provided this list of some of the regulatory and compliance issues that will be addressed by the...

  • Getting Something From Less Than Nothing

    With the help of FinancialCircuit, a company based in Campbell, California, that makes liability management software, broker/dealer LPL Financial has added an additional source of...

  • Model of the Future?

    You may have heard the disputed rumor that accountants will inherit the planning earth, but you may not have heard of a broker/dealer that caters...

  • Switching Success

    If you've switched broker/dealers, you know the meaning of frustration. But there's no way to avoid it, right? Wrong. There are steps you should take,...

  • Back to the Future

    Financial planner Ed Winslow's book, Blind Faith, was published in June 2003, but the idea for the book started "percolating" in his brain some six...

Columns

  • Why Some B/Ds Fear Reform

    The mutual fund scandal seems likely to usher in regulatory reform that goes beyond the late traders and market timers, beyond the hedge funds and...

  • More Help For RIAs

    I had an epiphany this morning," says Peter Mangan, "and I realized I was wrong." Thank heavens, I thought to myself. I like Mangan. I didn't...

  • Looking for Mr. Right

    I've been working in and around the financial services industry since the early 1970s. In my experience, the advisory practices that have been most successful...

  • Taking on the Goliaths

    Much like a modern day version of David and Goliath, independent advisors face overwhelming odds against the representatives of corporate giants who come to the...

  • Fanning the Flames

    When Teresa Jensen-White of San Antonio first became a fee-based advisor in 1981, she was excited and inspired by her work. She earned her CFP...

  • When Zero Has Value

    When it comes to transferring wealth, one of the biggest challenges is to minimize the amount of estate and gift taxes incurred by clients and...

  • Open a New Window

    Once again, it's time to take down the old calendar and put up in its place a brand-new year, bright with hope, unmarked by any...