Investment Advisor May 2007

Features

  • The Digital Wire

    When Norm Boone installed Voice over Internet Protocol (VoIP) throughout his three financial advisory offices in 2005, the transition had some bumps. "The conversation was...

  • Opening Day

    Here's an experience lots of advisors can identify with: for an allocation to small cap, they find a small-cap fund that consistently outperforms in both...

  • All Around the World

    Lots of fathers take their kids to work. It makes sense to let them see what Dad does when he leaves the house in the...

Beginnings

  • That's Not How I Read PPA

    Savita Iyer's interpretation of portions of the Pension Protection Act (PPA) in the article on your Web site, "DOL Requires More Due Diligence for 401(k)...

  • Asset Allocation, May 2007

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

  • Traditional Meets Alternative in the Form of 130/30 Funds

    Traditional and alternative investment managers now find themselves competing in a new battleground that combines the (1.0) beta exposure and quantitative methodologies of traditional indexed...

  • Safe, but Sound

    Intermediate-term bonds are not very exciting, but they do deliver steady gains. They represent a conservative fixed income investment strategy--typically carrying an average maturity of...

  • Catching up with...

    The search for investments that consistently produce above-market returns, aren't correlated to the overall markets, and carry a relatively low minimum may have become a...

  • New Courses for the College Conversation

    We all know higher education is costly, but it turns out that there may be some hidden costs--and unintended and possibly illegal benefits going to...

  • Victory for the FPA

    Is it any wonder that this issue includes four stories about the FPA winning its lawsuit against the SEC over the so-called Merrill Lynch rule?...

  • At FRIAG, Growth and Plans for More

    Jack Callahan started his career selling IBM hardware to corporate customers. Now he's selling something more intangible, though no less essential, and to businesses of...

  • CFP Board Is on Its Way to Washington

    Feeling an urgency to assert itself more strongly among policymakers and regulators, the CFP Board is moving its business operations from Denver to Washington, D.C....

  • Group Think

    Lori Richards, director of the SEC's Office of Compliance Inspections and Examinations (OCIE), announced April 16 the release of an online compliance tool, called the...

  • Changes

    ING announced that Randall Ciccati, president and CEO of PrimeVest Financial Services, replaced Valerie Brown as president of ING Advisors Network, effective April 1. PrimeVest...

  • Upgrades

    LaserFiche, the dominant player in the document management business, has launched a campaign to educate RIAs on the virtues of the virtual office, partly through...

  • What Millionaires Value

    It looks like there are a good number of millionaires who are in the market for financial advice. According to Fidelity Registered Investment Advisor Group's...

  • Compassion, Knowledge, and Personalized Service

    The Alzheimer's Association announced in mid-March that more than five million American's have Alzheimer's disease, a 10% increase from the last official tally five years...

  • A Battle Won, not the War

    It's hard not to celebrate the Financial Planning Association's big win over the SEC in a federal appellate court as an instance of David slaying...

Columns

  • Are You Ready for Advanced Planning?

    The results from a recent poll conducted by Fidelity's RIA group were both encouraging and challenging for investment advisors working with high-net-worth clients. Thirty percent...

  • Big Is Beautiful

    I can't help myself. After reading a series of commentaries in the trade press about the simple perfection of tiny practices, I debated whether to...

  • We Win, Sort Of

    Okay, so the FPA's lawsuit against the SEC was a win/win from the start. But it wasn't just a win/win, it was a WIN/win, and...

  • Making the Right Choice

    Clients often name a friend or relative as a trustee based on that person being "the responsible one." The friend or family member may even...

  • Standing Out

    I think we'd all like to be recognized for making singular contributions. Only a rare few ever win a Nobel or a Pulitzer Prize, but...

  • Management Mayhem

    I was born into a long line of entrepreneurs, so it was no surprise to anyone that I started my first business at age 14....

Conclusions

Sidebar Stories

  • What's VoIP, Anyway?

    VoIP, or Voice over Internet Protocol, allows people to make telephone calls by breaking voice data into digital packets which can be sent over the...

  • VoIP by the Numbers

    Vonage www.vonage.com - 866-243-4357 Pricing: Starts at $40 for limited minutes for one line Number of Business Users: Up to six lines Perqs: Call hunting, with a call rolling...

  • About the Manager

    Chuck Akre is portfolio manager of the FBR Small Cap Fund, and founded his firm, Akre Capital Management (ACM), in 1989. He currently manages about...

  • Inspire Referrals at a Client Review

    Byron Sabol, a marketing and client service consultant in Windermere, Florida, suggests that good referrals can come out of an account review process that helps...

  • Responsibilities of a Trustee

    In general, a trustee will: Interpret the terms of the trust Hold the trust property Invest the assets Distribute the trust's income and/or principal to...

  • Beyond Investing

    Affluent clients have a variety of concerns beyond pure investing that they want their advisors to address. Prince & Associates discovered in their surveys of...

  • Behind the Numbers, with Gail Dudack

    The Principal of the Dudack Research Group believes that equities are presently the best valued asset. "Supporting this view is the fact that the trailing...

  • The Buzz

    The following quotes of note were made by IRS officials and tax professionals on recent Tax Talk Today webcasts. "They have taken all of the penalties...

  • Learn, and Buy

    As a business owner, you should familiarize yourself with the coverage these types of business insurance cover, and consider buying for your firm: Commercial...

  • What McCarran-Ferguson Does

    The McCarran-Ferguson Act, passed in 1945, offers a number of benefits to the insurance industry that it would otherwise not possess due to federal antitrust...

  • The Street's Record Yea

    The fourth quarter of 2006 closed a record-breaking year for the U.S. securities industry, according to a report from the Securities Industry and Financial Markets...

  • About the Manager

    ROBERT S. LEVITT Founder and Chief Investment Officer Levitt Capital Management, LLC 101 N. Federal Highway, Suite 700 Boca Raton, Florida 33432 Phone: 561-893-9901 Web site: www.lcmadvisors.com Additional office: 12/14 Rond-Point des Champs-Elys?(C)es Paris,...

  • Advising Individuals, Not Institutions

    One of the areas where Robert Levitt feels that the industry in general may have taken a wrong turn is in managing money for individuals...

  • 10 Reasons Why Big is Beautiful

    1. Achieve growth in profitability and personal income, thereby providing the financial resources to invest in technology, people, and a superior client service experience. 2. Gain...

Web Extras

  • The Semifinalists

    Following suggestions from our regular contributors, nominations from within the industry, and the editorial staff's own personal submissions, this is the list of semifinalists from...

  • Five Years of Excellence

    The IA 25 marks its fifth anniversary in 2007, and each year it gets harder to limit the number of influential people to just 25....

  • Bill Gross on the Housing Crisis

    In an April essay discussing the housing market and the subprime lending issue, Bill Gross, manager of the $102 billion PIMCO Total Return Fund, discusses...

  • The U.S. Court of Appeals Decision

    Download a PDF of the U.S. Court of Appeals for the District of Columbia Circuit's ruling.

  • The Original SEC Rule

    Download a copy of the Security and Exchange Commission's original decision on the broker/dealer exemption rule exempting brokers from regulation as an investment advisor...