Wealth Manager Web June 2007

Cover Story

  • The Perils of Entropy

    Consider the mind-boggling possibilities of compound interest: If the Lenape tribe of Native Americans had invested the 60-guilder ($24) proceeds from their sale of Manhattan...

  • OTC Derivatives

    Financial advisors can no longer ignore OTC derivatives, even if they want to. Almost all hedge funds use them, and derivatives have spread into mutual...

  • Real (Estate) Returns

    Stan Luxenberg Real estate funds have enjoyed a remarkable run. During the five years ending in February, the funds returned 23.7 percent annually, outdoing every other...

  • Volatility Vortex

    The popularity of the standard deviation in investing dates back to 1973 and the publication of Burton Malkiel's legendary book, A Random Walk Down Wall...

  • Weights and Bands

    Rebalancing, asset allocation and diversification within asset classes are the holy trinity of enlightened investment strategy. Of the three, rebalancing arguably has lagged as a...

  • One Size Fits All

    As benchmarks go, it's hard to beat the consumer price index for real-world impact. CPI's fingerprints show up on bond prices, cost-of-living increases for Social...

  • School Daze

    here is this misguided notion that economics is just what they do at M.I.T. We say, 'not at all.'" Robert Duvall is optimistic, but acknowledges...

  • The European Way

    Back in the 60s, residents of the United Kingdom may have had the value-added tax (VAT) to thank for the creation of the miniskirt. It...

  • The Electronic Annuity

    Technology has long been the driving force in getting rid of the middleman: Remove the salesperson and buy clothes from an online store. Remove the...

  • The Stealth Tax

    It looks simple. For 2007, there are just six tax brackets: 10, 15, 25, 28, 33 and 35 percent. But these seemingly simple--even acceptable--numbers can...

  • Split Decisions

    It's not often that a complex IRS ruling actually clears the air, but in the case of split-dollar arrangements, that's exactly what happened. It's been...

  • Not on Your Life

    To some, stranger-originated life insurance is a cutting-edge idea. Others see it as a practice that cuts both ways--into your affluent client's savings and his...

  • Have a Nice Day

    Remember when "Have a nice day!" actually meant something? The greeting and its symbol, the bright yellow smiley face, came out of the 1970s Evangelism...

  • Deep Roots

    Kaycee Krysty and Rich Simmonds co-founded Seattle-based wealth management firm Tyee Asset Strategies in 1995, and the firm grew rapidly over the ensuing five years....

  • Advice for the Advisor

    Operating a wealth advice practice is both a satisfying and rewarding pursuit, but one sometimes fraught with enormous complexity. Every day wealth advisors are faced...

  • Family Practitioner

    After 30 years in the financial services business, Carl F. von dem Bussche says he's attended the "school of hard knocks," "been around the block,"...

  • What's Next?

    March 30, 2007. I was at the Brown Palace Hotel in Denver attending a town hall meeting conducted by the CFP Board on its latest...