Investment Advisor November 2008

Features

  • Measure Twice, Sell Once

    By Brad Buffermann, David Grau, and Bob Clark Down markets are traditionally good for independent advisory practices. Many firms get a flood of new clients deserting...

  • Hitting the Milestones

    By Rajini Kodialam and Rudy Adolf n life, milestone events--a marriage, the birth of a child, a round-numbered birthday--prompt us to pause and take stock. We...

  • Problem Solver

    Just about any advisor can help someone with substantial assets get his financial house in order and set up a plan for the future. Dennis...

  • The Essence of Independence

    The heavy hits taken by wirehouse firms during the last few months' turmoil have led many brokers who may have idly thought about going independent...

  • Getting Your Shares

    Advisor Mike Patton of Integrity Wealth Management in Baton Rouge, Louisiana, thinks highly of exchange traded funds in building client portfolios since they are relatively...

  • In The Game

    "Basically, I felt stuck," recalls Matthew Keeling, a planner at Keeling Financial Strategies, in Mashpee, Massachusetts. "I knew what I wanted to do. I knew...

Beginnings

  • A Q2 Meltdown

    Using words like "violent," "extreme," and "unpredictable," Hennessee Group LLC principals Charles Gradante and Lee Hennessee struggled to describe the staggering September losses experienced by...

  • Capitalism Comes To China

    Market participants may find some irony in the idea that as the capitalist West embarks on bailouts and nationalization, the still--officially--Communist nation of China is...

  • The SEC Rethinks Disclosure

    At a time when the markets are at their worst, the Securities and Exchange Commission, via its 21st Century Disclosure Initiative, is examining how to...

  • Catching Up With: Ken Fisher

    Over the past few years, we've checked in with Ken Fisher several times to see how the founder and CEO of this largest of RIA...

  • Moving On

    By James J. Green and Melanie Waddell Lo, how the mighty have fallen, and who knows where it will end? This year is turning out to...

  • Group Think

    ? Schwab Institutional announced the winners of the third annual Impact Awards, which honors advisors and firms that have "advanced the industry through their visionary...

  • Changes

    William Hart, founder of Chicago-based Hartline Investment Corp., has been elected chairman of the board of National Advisors Trust, owned by over 130 independent financial...

  • Upgrades

    CRM Software, which makes the CRM application Junxure, is getting into the practice management consulting business through the Junxure Solutions Group, which CRM President Greg...

  • An Economic Excursion

    The national savings rate in the United States is approaching an all-time low, meaning many American families are not in a position to successfully plan...

  • Trust and Context

    Among all the numbers surrounding the current economic crisis--$700 billion for the bailout of the toxic mortgages (or will that be used to buy stock...

Columns

  • The Fine Art of Planning with Collectibles

    Many affluent clients have a serious passion for collecting--and for some it reaches the level of obsession--with a range of interests from exquisite art to...

  • Water, Water, Everywhere

    Finding a clean and renewable energy source to replace petroleum is undoubtedly one of the most pressing, and well-publicized, problems facing civilization today. Oil, however,...

  • Creation and Evolution

    A number of lessons can be learned from the recent calamity in the financial markets: if you don't manage risk, you will likely fail; if...

  • Spare Change

    Last fall, I heard a senior mutual fund company executive give a talk in which he warned about the impending sub-prime disaster. I wish I'd...

  • Sticking Up for Senior Investors

    As the market turmoil rages on, one group of clients--seniors--don't have the luxury of being able to take some hits to their portfolios now with...

  • Sore Losers

    What ever happened to being a good sport? The days of humble winners and gracious losers seem to have vanished with tail fins and whitewall...

Conclusions

  • 401(k)s in Crisis

    Since the financial meltdown took hold, one thing is certain: investors' 401(k) accounts have dropped. The retirement planning industry, along with Congress, is trying to...

  • Your Clients' Unretirement

    "In the annuity space, traditionally, products have offered guaranteed lifetime steams of income. That might be fine for people who are going to work all...

  • Retirement News & Products

    The Department of Labor (DOL) recently issued final rules pertaining to requirements under the Pension Protection Act (PPA) that relate to distribution of 401(k) benefits...

  • Reinvesting Profits to Generate Income

    Stephan Cassaday, CEO of Cassaday & Company, Inc., has developed a retirement investment process that he uses to make sure retirees do not outlive their...

  • Figuring Out ARS Freeze

    Since the auction rate securities (ARS) market froze in February of this year, the Securities and Exchange Commission (SEC) has gotten 11 of the largest...

  • BD Briefs NEWS & PRODUCTS

    Raymond James Financial ranked highest in employee advisor satisfaction among financial investment firms in a tie with Edward Jones, according to the J.D. Power and...

  • Smoke and Mirrors?

    The September turbulence surrounding the bailout of AIG has added to an ongoing debate: whether the Treasury Blueprint's plans for an Optional Federal Charter (OFC)...

  • Insurance Information

    While the American Council of Life Insurers (ACLI) and the American Insurance Association (AIA) are calling for a federal Office of Insurance Information, the National...

  • Reasoned and Reasonable

    For those many of you who called or e-mailed me about my last column regarding the confusion that is too often caused by both self...

  • Investing in Turbulent Times

    The housing crisis and credit market upheaval that began last year have been creating a roller coaster ride for market participants with equity markets down...

Sidebar Stories

  • Safe and Sound

    Our role, says Charles Goldman, is to "provide safety and soundness of clients' assets" for the advisors who custody those assets at Schwab Institutional (SI)....

  • A Tale of Two Cities

    At a time when investor confidence has been shaken by the almost daily news of unprecedented bailouts, bankruptcies, nationalizations, and stock markets that seemed to...

  • Gestation Questions

    Before deciding to launch your own RIA ask youself these three key questions: ? Are you prepared for the financial challenges and personal sacrifices you will...

  • Self-Examination Questions

    Successful advisors don't end their introspection once they've decided to become an RIA. In fact there are always more question to ask, such as: ? What...

  • Transition Questions

    nce your RIA is an established enterprise, a new set of questions needs to be addressed, including: ? What is your timeframe for retirement and how...

  • About the Planner: Dennis K. O'Brien

    Dennis K. O'Brien President & founder Coastal Financial Advisors 503 Casino Drive Farmingdale, New Jersey 07727 Phone: 732-683-2330 Web site: www.coastalfa.com Year firm established: 1999 Advisors in firm: 1 Number of clients: 25 Compensation: fee-only Client...

  • Being There

    Like many advisors, Dennis O'Brien spent much of his time on Monday, September 30, the day that Congress failed to pass the financial rescue bill,...

  • The Retirement Angle

    Conditions are improving for the increased use of exchange-traded funds in 401(k) plans, according to their proponents in the third-party administrator and investment fields. Before...

  • Becoming A Coach

    The International Coach Federation (ICF) (www.coachfederation.org/ICF) is a worldwide resource for business and personal coaches, as well as a source for those who are seeking...

  • Coaching for Producers

    "As a member of the independent broker/dealer business, Genworth Financial's vision is to be the wealth management partner of choice for independent financial professionals, and...

  • Compensating a Coach

    "The bottom line is you need to ask about return on investment, and specific experience with investment advisors," cautions Doug Gray, vice president of learning...