Investment Advisor July 2008

Cover Story

Features

  • Be Positive

    Conventional wisdom says that in order to practice socially responsible investing one must be willing to accept subpar investment returns, as if doing the right...

  • Minority Report

    Our nation is often described as a melting pot, but I think it's also somewhat like a popcorn popper. People from different cultural backgrounds are...

Beginnings

  • Liar, Liar...

    I read Olivia Mellan's wonderful article, "Pants On Fire: Dealing With Liars And Cheats," in the June 2008 edition. Nice job. I am a hedge fund...

  • Asset Allocation, July 2008

    Read this month's recommended asset allocations from Investment Advisor's panel of distinguished economists and money managers here.

  • The Vicious Credit Cycle Goes Round and Round

    The financial sector has appeared more stable since the drama in March when the Federal Reserve intervened to stave off the collapse of Bear Stearns,...

  • Riding The Rally In Natural Resources

    Investors have suffered a double dose of bad news this year. As the U.S. economy slows under the weight of the weakened housing market, a...

  • Schwab Smoothes the Road to Independence

    Schwab Institutional announced on June 12 a multipronged platform--with some existing planks, and some newly laid ones--to ease the transition process for brokers who wish...

  • NAPFA Asks Its Members to Get On the Bus

    Much like the Presidential candidates, NAPFA is bringing its message to the people. Beginning after Labor Day, the National Association of Personal Financial Advisors plans...

  • Catching up with... Mark Tibergien

    It's a good time to be a seller of an RIA firm, at least a certain kind of RIA firm, according to the latest definitive...

  • Taking Flight: Transporting Those in Need

    As an advisor, you know firsthand how long the workweek can be. Between meeting with clients, managing employees, doing investment research, and dealing with paperwork,...

  • Pershing Welcomes a Multitude

    By just about any measure, registered investment advisors are winning the battle, and maybe, just maybe, the whole war against the captive forces of the...

  • Further Integration at Fidelity

    It's no secret that those who provide independent financial advice fall somewhere along a spectrum of independence from the registered rep of an independent broker/dealer...

  • Group Think

    The CFP Board has filed a comment letter with the SEC welcoming the Commission's proposal to improve the quality of information that investment advisors must...

  • Changes

    The Board of Directors of Putnam Investments announced that Robert "Bob" Reynolds has been named president and CEO of Putnam Investments. Charles "Ed" Haldeman, current...

  • Upgrades

    Advanced Equities Financial Corp. launched Venture Gateway (www.venturegateway.com), a Web portal that connects institutional and other high-net-worth investors with late-stage private equity opportunities. The portal...

  • Lone Investors

    Many affluent individuals still haven't grasped the benefits of having professional advisors. In responding to the 2008 Phoenix Wealth Survey many millionaires described themselves as...

  • United We Grow

    Most interview subjects wait for the questions to be lobbed in by the journalist. Others--usually the Type A CEO type--launch directly from the introductory pleasantries...

  • Strength From Weakness

    That which makes us strong is often our greatest weakness. That which provides us with our greatest advantage usually is our biggest handicap as well. What...

Columns

  • A Special Kind of Life Insurance

    One of the benefits of working with advanced planning networks is that they can add the right kind of specialist to deliver a better solution...

  • Energy Is in the Air

    Most reasonable people would agree that we have an energy problem, if not a full-blown crisis in this country. Yet our elected leaders seem, with...

  • Awaken Your Inner Manager

    Management consultants are fond of the adage "Companies hire people; managers lose them." As trite as such sayings are to those who are doing their...

  • With Friends Like These...

    My sense is that these days, some financial planners have become ambivalent about the doings of the CFP Board. So you may or may not...

  • SEC Chairmen of Yore Speak

    How can you fail to listen when six former SEC chairmen gather to talk about today's regulatory environment? During a roundtable discussion at SEC headquarters...

  • Learning to Listen

    A couple of years ago, my partner Bob Clark told me about an advisor he knows in Columbia, South Carolina, named James Wilson. A past...

Conclusions

Sidebar Stories

  • The Value of Community Outreach

    There seems to be a great deal of potential to train more Hispanic, African-American, and other financial advisors who are attuned to the culture of...

  • With a little help from my friends...

    The advisors quoted in this two-part article were all very generous in providing insights to help others reach clients from minority backgrounds. I also owe...

  • FPA Spotlight

    At its annual conference in Boston this October, the Financial Planning Association will assemble a stellar panel to discuss "Cross-Cultural Financial Planning: Making a Business...

  • Assimilation Nation

    Proponents of cultural diversity may be unhappy to learn that many of the nearly 40 million U.S. immigrants are already on the road to assimilation....

  • Follow the Money

    If you need further convincing that advisors are increasingly allocating their clients' assets to overseas markets, just look at recent data from Advisor Perspectives. Using...

  • Going Global as a Competitive Advantage

    So is globalization coming to your corner of the world? Rich Brueckner, the chairman and CEO of Pershing LLC, notes that investors "want to take...

  • Avoid These 15 Tax Traps!

    Multiple tax and estate planning pitfalls can arise when dealing with international clients, defined as non-U.S. citizens who are either resident aliens or nonresident aliens,...

  • What's New With 12b-1s

    Andrew "Buddy" Donohue, director of the SEC Office of Investment Management, revealed some more details about how 12b-1 fees would likely be treated under a...

  • Not the Right Fit?

    Career support and resources look different depending on the size and culture of the organization. Take a Fortune 500 company. Such a company is likely...

  • Don't Stop Spending

    The credit crunch of 2007 has led to a decline in value of structured products like credit derivatives. "These products had been highly leveraged by...

  • Lessons from the School of Hard Knocks

    Achieving the wisdom that allows an advisor to see that a well-managed firm is as good for his clients as it is for himself usually...

  • The Return of $20 Oil?

    On the same day in June that oil reached a new high of $139 a barrel, I had a conversation with Ben Warwick, CIO of...

  • Eliminate Junk Mail; Save Some Trees

    One of the easiest ways to make your life, and the lives of your clients, more green is to reconsider your use of paper. In...

  • Get Over It

    Performing a gap analysis on your own practice--discerning the difference between your ideal vision of the practice and its current reality--requires objectivity on your part....

  • Behind the Numbers, with Lincoln Anderson

    LPL Financial's chief economist is over-allocated to stocks "because we're at the end of a 25-year rally in bonds, and yields have come down to...

  • Reynders, McVeigh Capital Management, LLC

    4 Liberty Square Boston, Massachusetts 02109 Phone: 617-226-9999 Web site: www.reyndersmcveigh.com Year firm founded: 2005 Assets under management: $260 million Number of clients: 120 relationships Compensation: Fee-based (1% of the first $3...

  • Invest in Others

    LPL Financial created the Invest in Others Charitable Foundation in 2006 to recognize its advisors and their impact on their communities, and to further encourage...

  • Dutch Life Planning

    When Paul Versteeg became CEO of Allianz's Dutch insurance operations in 2004, he realized he had a problem. Having spent most of his career in...

  • If It Ain't Broke...

    Sandy Praeger, president of the National Association of Insurance Commissioners (NAIC) and Kansas insurance commissioner, is critical of Treasury's plans for overhaul of the insurance...