Investment Advisor September 2004

Features

  • The Right Questions

    Mitch Anthony, the author and president of the Financial Life Planning Institute, tells a story about a friend of his from Chicago, a "classic high-net-worth...

  • Adaptation

    For many advisors, the good times have returned. Following some fallow times brought on by the three-year bear market, the latest results from the Rydex...

  • You NEED a Map

    I am currently involved with managing a very large endowment. For its first three years, we worked vigorously to develop an investment policy statement (IPS)....

  • Toast of the Town

    When it comes to throwing spectacular client-appreciation events, Ron Carson is truly a force to be reckoned with. Granted, anybody can invite a magician, hire...

  • Like Father, Like Son

    Judged by most standards, Thompson Plumb Growth Fund looks pretty good. It's a no-load, large-cap blend fund without a 12b-1 fee and with lower expenses...

  • My Way of Growing

    Do you proclaim yourself to be a professional investment advisor? Are you proud of your investing acumen? Let's face it, investing is a difficult task...

  • Southbound?

    Regardless of whether Canada's five national banks are permitted to merge with each other once the Liberal government releases its position on the issue expected...

  • Embrace the Middle Class

    Shouldn't our profession serve all aspects of society? Annual studies of our industry show that professional financial advisors increasingly seek to serve the wealthy and...

  • Squeeze Play

    While it was never easy to figure out the long-term-care insurance equation, it's gotten even harder lately. Should you need any illustrations for these difficulties,...

Beginnings

  • A Tough Sell

    Your editor's note in the July 2004 issue, entitled "Location, Location," pointed to an issue that is so subtle, most don't even realize it's an...

  • Getting Schooled in Alternatives

    As investor interest in absolute return investments grows, so does the business of educating financial advisors about alternative investments. To address this demand, the Alternative...

  • Large-Cap Value Shows Its Worth

    As we enter the second year of a market rally, many investors are now gravitating toward the stability of large-cap value stocks in a flight...

  • Leo Was Wrong

    It was Leo Durocher, the professional curmudgeon who managed several major league baseball teams from the 1940s to the '70s, who proclaimed that "nice guys...

Columns

  • Show Them The Money

    Many of the problems we face today come from the gap between our vision of reality and what the world really looks like. One area...

  • Compliance Zero Hour

    The October 5 deadline for advisors to appoint a chief compliance officer and adopt formal compliance procedures is right around the corner. Are you ready? My...

  • Heir Support

    Some people are born to wealth; others have wealth thrust upon them. But both kinds worry about how to handle it with their kids. Many...

Conclusions

  • Real Estate for Retirement

    In these days of rising interest rates, it's a good idea for retirement plan sponsors to consider adding a REIT mutual fund to their 401(k)...

  • Pay Now, or Later

    The traditional aim of tax planning is to do everything legally possible to reduce current taxes. One common approach is to defer realizing capital gains...

Sidebar Stories

  • An Advisor's Best Friend?

    Clients may not be fond of filing taxes, but advisors can limn clients' financial lives using the 1040 form Every spring, advisors help their clients...

  • Cooler Heads Prevailing

    Knowledge is power. And in the case of advisors, it may also lead to more dubious expectations. The Advisor Confidence Index--a new sentiment index from...

  • Investment Policy Resources

    How to Write an Investment Policy Statement, by Jack Gardner (Marketplace Books, 2004) Investment Policy: Winning the Losers Game, by Charles Ellis (McGraw-Hill Trade,...

  • Advisor Checklist

    Always maintain a checklist of supporting documentation that should be retained regarding investment decisions that are made: Journals, ledgers, account statements (including bank and...

  • Ron Carson

    Ron Carson Carson Wealth Management 101 S. 108th St. Omaha, Nebraska 68154 888-321-0808 o www.carsonwealth.com Year practice began: 1983 Number of advisors in office: 5 wealth managers, 11 administrative...

  • An Advisor to Advisors

    Ron Carson spends about 85% of his work time managing his financial planning firm, Carson Wealth Management, in Omaha, Nebraska. The rest of his time...

  • About the Manager

    As vice president of Thompson Investment Management, LLC, in Madison, Wisconsin, John C. Thompson is clearly following in the footsteps of his father, John W....

  • The Ten Models

    These are the 10 mechanical models used at Abraham Bedick Capital to determine whether to be in the market or to go to cash. Only...

  • Already Here

    One Canadian incursion has already happened: income-deposit securities Two of Canada's major banks are confident the newest asset class in Canada will be all the rage...

  • Justifying the Price

    You're convinced that LTC insurance is the way to go for your client. But the policy is expensive and the client is reluctant. Here are...

  • Working Strategy

    LTC insurance gains popularity as an employee benefit As long-term care insurance becomes more expensive, yet more essential, to boomers and their children, one way to...