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

Conclusions

Sidebar Stories

  • Forget Best Practices

    As CEO of his own firm, Ken Fisher has a longstanding policy of banning the phrase "best practices," because, he says, "best practices is a...

  • Aligning With Their Reps

    "The best way to grow our business is to help our advisors grow theirs," says Joel Marks, referring to the reps of Advanced Equities Financial...

  • Make Your Vote Count

    Ballotting for Investment Advisor's 17th annual Broker/Dealers of the Year awards will take place online only at www.investmentadvisor.com from June 1 through July 1. All...

  • Charles Massimo

    President CJM Fiscal Management 400 Garden City Plaza, Suite 507 Garden City, New York 11530 Phone: 516-240-1741 Web site: www.cjmfinancial.net Year practice started: 2002 AUM: $90 million Number of advisors in firm: 2 Number...

  • Fisher the Author

    In addition to writing his Forbes column and running Fisher Investments, Ken Fisher has also written four books. The most recent--The Only Three Questions That...

  • Total Wealth Management Is...

    "At the core of what we do is helping our clients understand the concept of critical financial events," says Charles Massimo in describing what he...

  • Planner, Know Thy Limitations

    I think of myself as someone who provides dynamic financial planning to clients. But in recent years it has become popular for many in the...

  • Getting Ready to Go

    For six to nine months prior to striking out on my own, I kept a legal pad and recorded my thoughts and ideas in preparation...

  • IA's B/D Advisory Board Speaks

    Just in time for this Broker/Dealer Special Report, Investment Advisor convened a conference call in May with the IA Broker/Dealer Advisory Board, composed of the...

  • About the Manager

    Co-portfolio manager E. Tucker Scott, executive VP of Templeton Investment Counsel, the sub-advisor to the fund, is based in Geneva. Scott is responsible for the...

  • Voices of Authority: The IA Presidents' Poll

    For the first time this year, when we sought to measure the independent broker/dealer world for the IA Broker /Dealer Directory, we sought direct input...

  • How Women Measure Up

    The financial power of women is considerable--and growing rapidly, as witnessed by these figures compiled by Neuberger Berman. Almost half of Americans with assets greater...

  • Don't Mention It

    As part of the employment contract that should accompany a restrictive executive bonus arrangement, a repayment clause should be included that specifies that if the...

  • The Good, The Bad, and The Supporting Data

    The bad news first--wealthy investors don't have much loyalty to most brokerage firms, according to a recent national study by Cogent Research, Investor Brandscape: 2007,...

  • Talk to the Commissioners

    Arthur Stein, a planner from Bethesda, Maryland specializing in long-term care insurance, had this to say about the problem of the "bad apples" in the...

  • NAPFA Chairman-Elect Tom Orecchio speaks up

    On the Merrrill rule and the Focus on Fiduciary campaign. We haven't won the war, it's one stop along the way. We don't know what the...

  • Behind the Numbers, with Mark Balasa

    "As a group, we always feel that the money our clients give us is to be invested," says the Alpha Group's Mark Balasa, as he...

  • What is a structured product?

    Federal securities law has no standardized definition of a structured product; so there is no single definition for these products. The NASD definition is: Structured products...

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