Investment Advisor June 2007

Features

  • Interesting Times

    Sweeping changes are whirling across the independent broker/dealer landscape in 2007, with major changes at, and coming from, the NASD, SEC, and potentially, Congress. Although...

  • Streamlining

    While broker/dealers have thrown practically everything technology-wise but chicken soup at advisors over the past several years, they've learned that choice can be overpowering. Sure, having...

  • The Art of the Deal

    Let's start with an easy one: How would you rate the following deal? An independent advisor is the sole owner of a wealth management practice...

  • Up and Out

    There's a big difference between imagining independence and being independent. In the first few months of my new life as an independent advisor, I've had...

  • First Among Equals

    There has been a great deal of discussion lately about the importance of a higher allocation to international securities. A larger participation in international assets...

  • Passive Disciplinarian

    When worldwide turmoil hits the financial markets, as was the case in the last week of February, many advisors shift into crisis management mode as...

Beginnings

  • Fiduciary First of All

    I find the discussions on "fiduciary responsibility" interesting (see "Exemption Vacation," May 2007 issue). A foundation of just about any profession, be it medicine, finance...

  • Asset Allocation, June 2007

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

  • The Carry Trade

    The basic reasoning underlying the global carry trade is relatively straightforward--traders or investors borrow in a low-yielding currency and effectively place the borrowed funds on...

  • Valuable Franchise, Reasonably Priced

    Large-cap value managers typically invest in companies which are industry leaders with solid business models, sustainable cash flow, conservative balance sheets, pay regular dividends, and...

  • A Flush Fidelity Celebrates

    The good news for RIAs is that there's plenty of competition for your business from the custodians who would be your preferred partner. The good...

  • SEC Won't Appeal Court Ruling

    The Securities and Exchange Commission has decided not to appeal the March 30 ruling by the U.S. Court of Appeals for the D.C. Circuit, which...

  • Are SMAs Growing, or Not?

    There are conflicting signals within the industry about the health of the separately managed accounts business. Bob Cunha, principal at Market Metrics in Quincy, Massachusetts,...

  • SEC Furthers Tool for Investors, While Frank Plans Hearings

    SEC Chairman Christopher Cox told the mutual fund industry at the Investment Company Institute annual meeting in May that the Commission is working on an...

  • Catching up with... Bob Rowe

    With more than three decades of financial services expertise, Bob Rowe lists some heavy-hitting names on his resume including Prudential Bache, Oppenheimer, and Morgan Stanley....

  • Group Think

    The National Association of Personal Financial Advisors (NAPFA) launched its second annual consumer-oriented public service campaign to educate Americans about the need for financial professionals...

  • Changes

    The CFP Board named Kevin Keller as its CEO, effective May 1, 2007. Keller comes from the Association for Financial Professionals, the certifying group for...

  • Upgrades

    Morningstar, Inc. has partnered with Pyxis Mobile to deliver real-time Morningstar mutual fund and exchange-traded fund data to fund wholesalers through their Blackberry or Windows...

  • What's a Broker?

    The Consumer Federation of America (CFA) and Zero Alpha Group (ZAG), a group of fee-only investment advisors, revealed in a recent survey that individual investors...

  • A Level Playing Field

    "A financial advisor held to a Fiduciary Standard occupies a position of special trust and confidence when working with a client. As a Fiduciary, the...

  • Be a Mentor

    The historian David McCullough regaled attendees at Fidelity's Executive Forum last month with stories about the nation's founding fathers and the way their characters were...

Columns

  • Outside Help

    Last month, we looked at how three advisors went outside of their practices to create an ad hoc network to solve the unique advanced planning...

  • Real Deals

    These are interesting times for financial advisory firms: There is an oversupply of capital chasing an undersupply of sellers. The last time this scenario existed...

  • Mr. Keller Goes to Washington

    For 15 years or more, I've been trying to figure out what is wrong with CFP Board; why every few years they seem to come...

  • Structured Products on the Rise

    According to the Structured Products Association (SPA), in 2006 the industry issued $63.7 billion in notional products, up 33% from the $48 million a year...

  • Only So Far, Still?

    I have to be honest. While I'm a strong believer that women are just as capable as men in holding top positions in the working...

  • Turn, Turn, Turn

    June is traditionally a time of transitions. For kids, it marks the end of the school year and the beginning of summer vacation. For adults...

  • Bidding War

    I have a client who faced an issue that will challenge more and more advisors: How to attract and retain high-quality professional talent, when you...

Conclusions

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