Investment Advisor September 2005

Cover Story

  • Why Five?

    Investment Advisor has been polling its broker/dealer representative readers for 15 years, asking them to anonymously rate their own B/D in a number of areas....

  • Were the Grass Greener . . .

    An intriguing question has been included on the Broker/Dealer of the Year ballot for years. In addition to rating their own B/D, voters are asked:...

  • How You Pick 'em

    Each year since 1991, Investment Advisor has invited its readers who are representatives of independent broker/dealers to rate their own broker/dealers on a number of...

Features

  • Outside the Box

    Equity managers are commonly hired to represent a particular "style" box that limits them to picking stocks with certain characteristics, like small-cap value or large-cap...

  • Redefining the Role of the Advisor

    Some advisors cling to the notion of specialization, thinking incorrectly, we believe, that a manager can specialize in a characteristic box. The four styles we...

  • Primed for Income

    When the bull market was peaking in the late 1990s, new issues of closed-end funds virtually dried up. According to Thomas J. Herzfeld Advisors, a...

  • Bank on It

    Just in time for the back-to-school season, here is a fund that takes a disciplined approach to investing. The manager stresses good old balance sheet...

  • Harvest Time

    Retirement planning has been mushrooming in the financial services industry. In 1985, a search of "retirement planning" in the LEXIS/NEXIS database drew 75 hits. Halfway...

  • Building a Brilliant Career

    Wherever you are in your career as an advisor, the quest for in-depth knowledge never ceases. One path to excellence is graduate coursework that results...

  • Proud to Be a Rep

    Like many planners who adopted the profession in the 1980s, Gary Charlebois got here in a roundabout way. Fresh out of college in 1976, he...

  • Draw Up a Plan

    Marc, at age 59, merged his successful financial planning practice with that of a 40-year-old planner who was affiliated with the same broker/dealer. Marc now...

  • The Care Calculation

    Sales of long-term care insurance (LTC) have been plummeting. In 2004, sales of individual LTC policies dropped 25% over 2003 sales, marking the biggest decline...

  • The Truth Behind Fairy Tales

    Most of us remember the story of the three bears. But did you know that baby bear had two siblings? Yes, there were two more...

Beginnings

  • We're All Just Emotional Beings

    It appears the new crop of advisors has interest in behavioral science--research that's been going on for decades ("All in Your Head", July 2005). But...

  • Hedge Fund Indexes Grow Up

    Mirroring the growth of the hedge fund industry, hedge fund indexing has taken off in recent years, driven by investor demand for transparent benchmarks and...

  • The Global Itch?

    With the Federal Reserve continuing to raise short-term interest rates, while longer-term rates inexplicably remain low (Alan Greenspan's "conundrum"), some fixed-income investors are seeking alternative...

  • Happy Brokers

    Brokers have revealed their feelings about themselves in the first-ever National Financial Broker Sentiment Index, and overall, "brokers are quite satisfied with their careers," says...

  • But Are They a Good Deal?

    When could it make sense for an advisor to use an asset allocation fund for a client? Perhaps when advisors want to achieve lower risk through...

  • SMA and Wrap Uniformity

    The CFA insitute wants your clients to see investment performance for separately managed accounts (SMA) or wrap fee accounts calculated in a uniform way in...

  • Hello, Again

    The more things change, they more they remain the same. The last time my name perched at the top of the Investment Advisor masthead, I...

Columns

Conclusions

  • The Lower Cost 401(k) Option

    Using exchange-traded funds (ETFs) as investing options in 401(k) plans is becoming increasingly popular as firms realize that ETFs offer participants a lower-cost option than...

  • The Foreign Trust Tax Solution

    The topic of foreign trusts conjures up alluring images of secret bank accounts in exotic locations far from the prying eyes of the Internal Revenue...

  • Sorry, Bob. They Still Don't Get It

    I enthusiastically endorse the fee-only concept, and share most of Bob Clark's observations about the National Association of Personal Financial Advisors (June 2005, "Rebels Without...

Sidebar Stories

  • About The Manager

    Financial sector funds have been David H. Ellison's focus for more than two decades. He spent 13 years at Fidelity Investments, developing his investment philosophy...

  • Gary T. Charlebois

    Pension Portfolios 2025 Bonita Avenue La Verne, California 91750 909-596-1000 800-359-7560 Fax: 909 596-5230 Year Practice Began: 1987 Number of advisors in firm: Five Clients: 1000+ (firmwide) Clientele: Individuals with lump sum payments from...

  • Welcomes and Promotions

    As of August 1, IA editor Jamie Green was named editor-in-chief, and Staff Editor Bob Keane was promoted to managing editor of the magazine. Earlier...

  • Behind the Numbers, with lincoln anderson

    the most bullish on equities of all our panelists for what seems to him the most obvious of reasons. "In terms of relative valuations the...

  • An Offering from the Other Side of the Aisle

    House Democrats recently unveiled their version of retirement reform in a package called AmeriSave, which is designed to increase incentives for middle-class workers to save...

  • Looking back

    This issues contains the results of Investment Advisor's 15th annual poll, wherein we have asked reps to rate their respective broker/dealers. The poll has greatly...

  • New Name for American Express

    Effective August 1, the 12,000 advisors and registered reps of American Express Financial Advisors got a new name as part of American Express Co.'s spinoff...

  • Do You Hear What I Hear?

    Wives tend to joke about their husbands' selective hearing. But it's no joke, according to Dr. Sax. Girls hear much better than boys--a difference that...

  • We're Number Two!

    Those B/Ds that didn't win Broker/Dealer of the Year honors this year should be consoled by the fact that most reps expressed happiness with the...