Wealth Manager Web January 2008

Cover Story

  • Out of the Blue

    Turbulence on the ground doesn't have to be an earthquake or a tsunami. Consider the tumultuous stretch from August 8 through August 16, 2007, when...

  • Growing Up

    Beginning in 2000, growth stocks suffered a seven-year drought. During that period, mid-cap growth funds returned 0.1 percent annually-- lagging mid-cap value by more than...

  • Rethinking Zero

    Alpha is widely viewed as a zero sum game, and so for every investor who beats the market, someone must trail it. If this balancing...

  • A Question of Supply

    Chess is one example, poker is another. But is investment alpha a zero sum game, too? Do the winners in money management always triumph at...

  • An IRS Tale of Two Cities

    An ever-growing number of frequent flyers are "commuter couples"--those who live apart in an effort to keep their jobs or advance their careers. By one...

  • Sites to Behold

    As I've written before, the Web opened up a whole new way to waste time as well as save it. Below are a few of...

  • The Great Index Quiz

    Once Upon A Time...financial indices were delightfully simple constructions, designed to help measure movement in financial markets. There was the venerable S&P 500, the Dow,...

  • Special Needs, Special Solutions

    Max was like many parents of disabled kids. His daughter, now 14, is severely autistic--unable to communicate with others and in need of lifelong supervision....

  • The ISO Trap

    By now, we all know the drill: The law requires individuals to calculate their tax liability two ways. First, they do the computation under the...

  • Getting Active

    Early in 2007, HSBC took a $6.3 billion charge because of exposure in the sub-prime mortgage market. Shortly thereafter Knight Vinke Asset Management announced it...

  • A Well-Scripted Plan

    Hollywood and money have always had a rocky relationship. Like the gold rush mentality that characterized the early settlers of the state, virtually since the...

  • Law & Order

    Shortly after I was quoted in the Wall Street Journal stating that I believe most Americans would be best served by taking their company pension...

  • Finding a Boss

    At some undefined but recognizable point, having a firm's founder administer a growing business can become a drawback. Professionals like accountants and attorneys have wrestled...

  • From Friends to Clients

    There's an old saying in business that it isn't what you know, it's who you know. For the purposes of this book, I'd amend that...

  • Nurturing Clients

    Advisors are generally schooled in the "slow and steady wins the race" method of financial advice: Save steadily, invest prudently, and always have a long-term...

  • Guilt-Free Footprints

    In March 2007, Alan Simpson, a member of the British House of Commons, stood up to criticize carbon offsets, arguing that they had no place...

  • The Clock is Ticking

    I have always found it fascinating how financial planners can seem so comfortable advising clients about buy-sell arrangements, key person coverage and other business issues,...