Wealth Manager Web January 2009

Cover Story

  • FIRMWIDE RISK: MULTI-FAMILY OFFICES

    Although families and single-family offices certainly need to be aware of their risks--and how to mitigate them--the firm-wide risks of multi-family offices may be even...

  • MARK IT TO MARKET

    Global equity markets lurch in waves of volatility. Banks are loathe to lend, withholding the lubricant that makes economies function. At the epicenter of the...

  • MEASURING THE IMMEASURABLE

    In an interview on November 21, legendary investor Jeremy Grantham, chairman and co-founder of GMO, declared that, "It's a nicely cheap market, but bear in...

  • THE NEXT CHAPTER

    Barack Obama's historic victory last month proved that the American people are ready for a new era in government. Limited disclosure is now pass?. More...

  • A GLIMPSE INTO THE MIND OF OBAMA

    Depending on your political preferences, you may be depressed or delighted with the election of Barack Obama as the 44th president of the United States....

  • PROFESSIONAL GROUPS UNITE

    "Exploratory meetings" are underway between the Certified Financial Planner Board of Standards, Financial Planning Association and National Association of Personal Financial Advisors to establish "appropriate...

  • SKINNY-DIPPING

    Warren Buffett says that "it's only when the tide goes out that you get to see who has been swimming with their trunks off." Well,...

  • BY THE NUMBERS

    What do we know about wealthy individuals and their charitable inclinations? Quite a bit, actually, and perhaps far more than is generally recognized. But much...

  • FLEXIBLE AND SRI

    With credit markets in disarray, intermediate-term bond funds have slumped. During the first 10 months of 2008, the funds lost 8.4%--a particularly disappointing performance because...

  • THE REPUTATION FACTOR

    Reputation counts for much in money management--nowhere more so than in the hedge fund industry. Everyone understands this, although exactly how reputation influences investing strategies...

  • IMPAIRED RISK ADVOCACY

    The current state of the financial markets has forced high-net-worth clients and their advisors to scrutinize their wealth protection strategies. As a result, many advisors...

  • MUNIS TO THE RESCUE

    As the economic turmoil of the third quarter continued into the fourth, the domestic equity markets produced one of the worst 12-month periods in decades....

  • TO THE EDITOR

    As we close the books on a tumultuous year, it's hard to predict what lies ahead. A new president, changing economic conditions, major industry evolution--the...

  • RISK MANAGEMENT REDUX

    True learning only comes through pain, Aristotle observed. If that's the case, investors endured one heck of an education last year. The source of their...

  • BALANCING ACT

    The vintage scales displayed in the conference room of Focus Financial Partners' midtown Manhattan offices are not the only collection CEO Rudy Adolf has his...

  • DEDUCTING WHAT COMES NATURALLY

    Every year natural disasters like hurricanes strike repeatedly, affecting tens of thousands of Americans. Fortunately, individuals whose homes, household goods and other properties are damaged...

  • A SILVER LINING

    There are times when--even for the highest-net-worth clients--wealth transfer becomes secondary to the issue of wealth preservation. Clearly, this is one of those times! The...

  • CAREERS IN TIMES OF RECESSION

    As much energy and empathy as we are all spending on our clients, we may be overlooking another group of stakeholders whose portfolios have been...