Investment Advisor October 2008

Features

  • War Room

    Maybe it was the bailout of investment bank giant Bear Stearns or the government takeover of Fannie and Freddie. Perhaps it was the steep decline...

  • One Small (Big) Step

    It's often educational to skip a conference for a year or two; it makes the changes stand out more. This year's FPA NexGen Conference, held...

  • Miami Advice

    One of the telltale signs that the advisory profession is still in its infancy is how many advisors started on another path before finding their...

  • Not Alone

    AMR Corp.'s decision to sell its money management arm, American Beacon Advisors Inc., to a private equity consortium--a deal that was announced in April 2008--bodes...

  • Sleuthing Bonds

    Furthermore, the correlation coefficient of the municipal to Treasury bond relationship has slipped from it's long-time average around 50% to below 0% recently, indicating that...

  • Gold Medal

    As a registered investment advisor (RIA), you are in the business of serving your clients' financial needs--and it's no exaggeration to say that the quality...

  • Stand and Deliver

    It's late morning, and the summer sun is shining on Mt. Kearsarge in central New Hampshire. Ross Gott, president of Kearsarge Capital Advisors in nearby...

Beginnings

  • RIAs Are Certainly Not "Under-Regulated"

    I most strongly disagree with the assertion by Eric Schwartz in the "The Case for the Flexible B/D" (IA September), that RIAs are "under-regulated." He...

  • Asset Allocation, October 2008

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

  • More Hedge Fund Closures Likely

    The closure of Ospraie Manage-ment LLC's flagship hedge fund is likely to be the first of several such failures, as a slump in commodities and...

  • Funds Get Real Amid Unreal Housing Market

    For many homeowners, the real estate market has turned, well, unreal.The average home price fell 18.22% since its peak in the second quarter of 2006,...

  • Wall Street Stunned

    Wall Street is not what it used to be, for good or ill. Culminating (at least for the moment) a months-long period of market volatility...

  • And the Winner Is...

    With the Presidential election only a month away, we thought we'd review where the candidates--Sens. Barack Obama (D-Illinois) and John McCain (R-Arizona)--stand on various hot-button...

  • Catching up with... Dick Averitt

    Raymond James Financial Services's (RJFS) national conference, in Washington in late August, drew an impressive 968 advisors. One of the hot topics at the conference...

  • Foreign Aid

    John Ledford is making an impact on the lives of small business owners worldwide. The president of Ledford Financial, which predominantly serves business owners and...

  • Group Think

    The Financial Planning Association (FPA) has named pioneering planner Don Pitti as the recipient of the 2008 P. Kemp Fain Jr. Award, which recognizes a...

  • Changes

    PIMCO announced that Mohamed El-Erian, who returned to PIMCO in January 2008 from Harvard University's endowment fund, was elected to serve as the firm's CEO...

  • Upgrades

    Fisher investments has closed on its second acquisition of an RIA firm--Lighthouse Capital Management of Houston, a 20-year-old practice with $460 million in AUM that...

  • An Alternative Education

    Despite investors' lack of familiarity with alternative investments, new research suggests that they are open to them, if only they are educated first. The Alternative Investments...

  • When Big Is Better

    When we last conducted a personal interview with Larry Roth two years ago at the FSI conference in San Diego, he had just joined the...

  • Avoiding the Scars

    Like that famous scene in "Jaws" where Robert Shaw, Richard Dreyfus, and Roy Scheider compare scars, several of us editorial types were in the office...

Columns

  • Even Affluent Clients Feel the Chill

    The affluent may have significant assets, but that doesn't make them immune to economic chills. Even if retirement savings are in the multiple millions, affluent...

  • Going Green With Garbage

    When many advisors and their clients get together these days, topic number one is energy. Retirees are concerned that escalating costs for gasoline and electricity...

  • The Paradox of the Accountant

    Advisory practices operating inside of certified public accountant (CPA) firms are a paradox. They are growing faster than the advisory profession on average, but many...

  • The Real Deal

    It would be hard to overemphasize the impact that technology has had on the success of independent financial planning. Those old HP-12Cs empowered the first...

  • The Dawning of an Industry

    With gas prices and foreclosures at an all-time high, debt levels soaring, and paltry savings rates that Americans are infamous for, consumers are in dire...

  • Long-Term Losses

    Politics aside, the recent diagnosis of Ted Kennedy's serious illness has sparked an ache of loss in many of us--not just at the prospect of...

  • Know Thyself

    I get a lot of e-mails and chat room inquiries (the preferred mode of communication of my generation) from NexGen advisors asking how much they...

Conclusions

  • DOL Floats Advice Proposals

    The Department of Labor (DOL) recently announced two proposed rules under the Pension Protection Act (PPA) designed to make investment advice more accessible for millions...

  • Legal Double Dipping

    What if you could tell a client that they can retire early and still get their full retirement benefits? Well, in fact, you can. "It's...

  • A Two-Way Retirement Transition Plan

    James Zimbardi at Allgen Financial Services in Florida is part of a team that is recruiting established advisors from standalone shops as well as from...

  • NEWS & PRODUCTS, OCTOBER 2008

    Health insurance coverage continues to decline, according to the Employee Benefit Research (EBRI), which used the U.S. Census Bureau's March 2007 Current Population Survey (CPS),...

  • Is Consolidation Finally Here?

    In what could be further evidence of consolidation in the independent broker/dealer space--or of the enhanced value that winning Investment Advisor's Broker/Dealer of the Year...

  • NEWS & PRODUCTS, OCTOBER 2008

    The SEC announced September 11 that it had brought an enforcement action against LPL Financial Corp., saying the largest independent broker/dealer had failed to safeguard...

  • Changing of the Guard

    On July 3, the National Association of Insurance Commissioners (NAIC) announced that Catherine Weatherford, long-time executive vice president and CEO, would be leaving her post...

  • Anchor or Asset?

    How many of your clients have an asset in their portfolio that has significant value, yet it cannot be sold and acts more like an...

  • What's Next--after NEXT?

    June is known for groundbreaking decisions. This year, in a thrashing of NEXT Financial's established practices with investors' personal information, an administrative law judge ruled...

Sidebar Stories

  • Cathy Pareto

    President & founder Cathy Pareto & Associates Inc. 2332 Galiano Street, 2nd Floor Coral Gables, Florida 33134 Phone: 305-728-7234 E-mail: info@cathypareto.com Web site: www.cathypareto.com Year firm founded: 2007 Number of advisors in firm:...

  • Know Your Client

    When it comes to providing world-class customer service, longevity can help you understand what individual clients need. For instance, as client relationships develop, you will...

  • A Picky Employer

    Financial Finesse has 400 corporate clients and employs six CFPs--whom it compensates via a salary and a bonus. But CEO Liz Davidson stresses that the...

  • It's Not Always About Money

    Helping clients through life's stages may take many forms. For example, one long-time client of GW& Wade's Tim Pinch consulted him before purchasing real estate...

  • Another Benefit

    Getting a number of members of your team to be engaged with clients in the early phase of their relationship with your firm helps the...

  • About the Manager

    William F. Quinn, chairman of American Beacon Advisors Inc., has been with the AMR group since 1974, when he joined American Airlines' former subsidiary, Sky...

  • About the Source

    This article on the current state of the advisory profession, and its insights into the best practices of the most successful firms, is based on...

  • Going It Alone

    Like many advisors who choose to leave established firms where they have been employees to build independent practices where they can be their own bosses,...

  • Little Things Mean a Lot

    Jim Oxley and his team of three partners wrestled with issues similar to those Ross Gott faced in New London, New Hampshire. Eighteen months ago,...

  • Behind the Numbers, with David Kelly

    "We've seem to have hit somewhat of a turning point on the dollar, so we want to be primarily in U.S. stocks now," explains David...

  • Exit Strategy?

    When we last conducted a personal interview with Larry Roth two years ago at the FSI conference in San Diego, he had just joined the...

  • Annuities Better for Women?

    Women should put 40% to 80% of retirement assets into lifetime income annuities, according to Lifetime Income for Women: A Financial Economist's Perspective, a paper...

  • Listing of Pooled Income Fund Sponsors

    Life Income Funds of America www.lifeincomefund.org Fidelity Charitable Gift Fund www.charitablegift.org Raymond James Charitable Endowment Fund www.myfamilyfoundation.org American Red Cross www.redcross.org/donate/plngiv/pooled.html Harvard University Planned...

  • The Investment Advisor -Moss Adams Connection

    This 14th annual Moss Adams Study of advisory firms was conducted by Moss Adams, the 12th largest accounting and consulting firm in the country, but...

  • Playing Fair

    When it comes to negotiating compensation for yourself, you should propose a fair compensation package. In using that phrase, I'm not talking about those "fair...

  • Learning to Listen by Speaking

    Following is an excerpt from a column written by Olivia Mellan for the May 2002 issue of Investment Advisor in which she describes the technique...

  • The Next Steps

    Catherine J. Weatherford, new president and CEO of NAVA, says that the most important issues she sees facing the group and the industry are the...

  • Green Checklist for Your Office

    Advisors who want to go green might want to see how many items they can answer "Yes" to on the checklist below. Do you...

Web Extras

  • Annuities for Women

    Women should put 40% to 80% of retirement assets into lifetime income annuities, according to Lifetime Income for Women: A Financial Economist's Perspective, a paper...