Investment Advisor September 2006

Cover Story

Features

  • Income & growth

    When a client's primary goal is income from their portfolio, there are a number of options to choose from: dividends are popular because of the...

  • Going Mobile

    Just as any fashion starts to look old after a season, so, too, does technology. Moreover, those early-adopter advisors who rejoice while playing with the...

  • Panning for Gold

    Over the last 25 years there have been three distinct cycles of outperformance by high Quality Ranking (QR) companies.The longest of the high-quality rallies lasted...

  • Risk Manager

    When financial planners talk about how the profession has advanced over the years, one of the prime examples given is that of Monte Carlo simulation...

  • Native Sons

    The Villere family has been in New Orleans as long as nearly anyone. Jacques Phillipe Villere was born near the city in 1761, son to...

  • Five Years After

    It's hard to believe that five years have passed since the horrific events of September 11, 2001, unfolded before our eyes.

Beginnings

  • Simple, Not Simplistic

    I just finished reading your "High Definition" article in the August issue of Investment Advisor--thank you! This is probably one of the best marketing articles...

  • RIAs Turning to Alternatives

    A more hands-on approach to investments is being taken by registered investment advisors, including the use of alternative products, according to a survey by an...

  • Asia-Pacific Means More Than Japan

    Japan has long dominated the economies of what is called the "Asia-Pacific" region. However, in recent years as Japan's economy faltered, the landscape there has...

  • ASSET ALLOCATION

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

  • Insurance Streamlining

    Insurers and investors of all stripes are having their day in the sun this summer with action on major legislation, including the streamlining of specialty...

  • UPGRADES

    SEC Commissioner Christopher Cox said August 7 that the SEC will not appeal the D.C. Circuit Court of Appeals' decision in Goldstein v. SEC, which...

  • CHANGES

    Mary Schapiro was scheduled to become chairman and CEO of the NASD as of August 31, 2006 following current CEO Robert Glauber's earlier-than-scheduled departure from...

  • LPL Buys UVEST

    In a move that catapults two strong firms to the forefront of third-party brokerage services to financial institutions, Linsco/Private Ledger Corp. (LPL) of Boston and...

  • Pension Act Signed

    While pension experts say the recently passed Pension Protection Act of 2006 will indeed help remedy the funding problems that have plagued defined benefit (DB)...

  • An Education Summit

    This year, the annual meeting of the Certified Financial Planner Board of Standards was not only a multiday affair in the first week of August...

Columns

Conclusions

  • Some Good News on Pensions

    Advisors are hailing the recently passed pension reform legislation as a treasure trove of goodies that's long overdue. The whopping 900-page legislation, called the Pension...

  • Behind the Numbers

    A quiet revolution is going on in the retirement planning industry. As a financial education company working directly with pre-retirees and retirees, we at Financial...

  • Retirement Advisor Profile

    When Jason Mattox speaks at broker/dealer and investment advisor conferences, he has one message to convey: real estate should be in clients' portfolios, preferably non-publicly...

  • News & Products

    A recent report by Hewitt Associates has found that while the majority of employers have been slow to adopt Roth 401(k) plans, a number of...

  • Raymond James Gets Results

    In the continuing evolution of the investment industry, one consistent trend has been the gradual reduction in fees, expenses--and commissions--that investors pay for most investment...

  • News & Products

    The SEC issued a Request for Proposals (RFP) due August 24 for phase one of a major study of how regulators' rules for investment professionals...

  • Shelter from the Storm

    Tsunami. Hurricane. Earthquake. Civil war. Each is a disaster, with human costs beyond calculating. The destruction of material goods, however, in the form of homes,...

  • The Fiduciary Audit File

    One of my favorite stories concerns a horse that was found wandering in the countryside. No one knew where it had come from, since the...

  • Extending Savings

    Careless treatment of retirement plan assets at the owner's death could cost beneficiaries hundreds of thousands of dollars in tax-deferred growth. However, even those with...

  • Are You in Pandemic Denial?

    On the morning of September 11, 2001, U.S. Secretary of Health and Human Services Tommy Thompson was scheduled to deliver a speech in which he...

Sidebar Stories

  • On the Workbench at Sungard: Offering a Helping Hand

    Salt Lake City-based SunGard puts a big emphasis on providing help for users of its platform. However, the financial services software firm's edge, it believes,...

  • On the Workbench at ADP: Aggregation and Breakpoints

    Michael Ford at ADP Securities Industry Software agrees that aggregating many functions into one interface is something most broker/dealer representatives want. ADP already offers some...

  • On the Workbench at AFS: Online Trading, but Not Yet Mobile

    Terry Thorsen knows all about mom-and-pop shops. As the founder of New York-based Automated Financial Services, which provides front-office software, Thorsen knows first hand how...

  • Rules and Results

    2006 was the 16th year in which Investment Advisor has asked its readers who are representatives of independent broker/dealers to rate their own B/Ds. Those...

  • If I weren't already happily married . . .

    One of the most telling questions on the annual "Rate Your Broker/Dealer" ballot is the one that inquires "If you were to affiliate with another...

  • Good News/Bad News

    While no one likes to finish second in any contest, when it comes to the Broker/Dealers of the Year contest, it's not only those who...

  • Division I

    Contemporary Financial Solutions Year founded: 2003 Producing reps: 96 Est. gross revenue (2006): $1.4 million Avg. annual gross production per rep (2005): $12,000 Ratio of reps to home office: 48 to...

  • Division II

    The Investment Center, Inc. Year founded: 1986 Producing reps: 325 Est. gross revenue (2006): $33 million Avg. annual gross production per rep (2005): $195,000 Ratio of reps to home office: 9.3...

  • Division III

    NEXT Financial Group, Inc. Year founded: 1999 Producing reps: 756 Est. gross revenue (2006): $76.5 million Avg. annual gross production per rep (2005): $90,000 Ratio of reps to home office: 10.8...

  • Division IV

    Woodbury Financial Services Year founded: 2001 Producing reps: 1,822 Est. gross revenue (2006): $204.6 million Avg. annual gross production per rep (2005): NA Ratio of reps to home office: 8.9 to...

  • About the Manager

    Next year will mark Charlie Johnson's 50th year with Franklin Resources and as manager of the Franklin Income Fund. In 1957 he joined the predecessor...

  • Where Will You Go From Here?

    Here's a practical yet respectful way to honor those who died five years ago, while recalling and perhaps reviving the resolutions you made then. On Monday...

  • Coping With Tragedy

    Investment Advisor's October 2001 issue was in full-blown production and nearing completion when the terror attacks of Sept. 11, 2001 occurred. As did many others...

  • St. Denis Villere Co.

    601 Poydras Street, Suite 1808 New Orleans, Louisiana 70130 Phone: 504-525-0808 info@villere.com www.villere.com Year firm began: 1911 Number of advisors in firm: 4 Number of clients: 600 Compensation method: Fee-only AUM: $1.5 billion Fee for...

  • How Many Trials?

    The number of trials you should run in Monte Carlo simulations is related to the number of variables and the number of occurrences per trial. Let's...

  • Doing Something About It

    As with most education programs, the earlier you get the student, the more effective the teaching will be. That's why the National Council for Economic...

  • A Home Is Not an ATM

    A recent Securities Industry Association (SIA) study on retirement identified a "wealth effect" that surfaced as homeowners amassed equity in their properties and perceived they...

  • Disclosure Diversion

    over the years I've observed that disclosure was the direction in which financial services firms diverted the attention of well-meaning, largely clueless regulators who were...

  • How Much Is Enough?How Old Is Old Age?

    Some time ago, I was invited to present our business transition capabilities to a well-known talent agency in Beverly Hills. The owner and founder of...

  • Hidden Assets

    John Levitt, Esq., a licensed estate attorney and financial consultant with Professional Planning Services, LLC of AXA Advisors in Long Island, maintains that artwork must...

  • IPS Essentials

    Every Investment Policy Statement (IPS) should accomplish the following: o Evaluate the specific needs of the plan and its participants o Describe the investment objectives and goals...

  • Behind the Numbers, with Richard Bernstein

    During a recent television appearance on Consuelo Mack Wealth Track, Merrill Lynch's chief investment strategiest had some comments both about the equity market and the...

Web Extras

  • What Do Reps at Independent B/Ds Want?

    As part of the annual balloting process that culminated in the announcement of the 16th annual Broker/Dealers of the Year, Investment Advisor asked voting representatives...

  • INCOME & growth

    When a client's primary goal is income from their portfolio, there are a number of options to choose from: dividends are popular because of the...

  • In The Running

    When we look for a mutual fund to profile for the Mutual Fund Spotlight feature in Investment Advisor, we often see other funds in the...

  • Raising the Bar

    Independent broker/dealers are always looking to find the perfect middle ground for their representatives when it comes to technology: making the offerings fit their, and...

  • Podcast: Broker/Dealers of the Year

    The September issue of Investment Advisor contains coverage of our 2006 Broker/Dealer of the Year winners. In preparing that cover story, Editor-in-Chief Jamie Green and...