Wealth Manager Web November 2008

Cover Story

  • MAKE IT HAPPEN

    Once wealth managers have uncovered a client family's wealth and legacy values and explored the psychology that goes along with those values, the next step...

  • TALK WITH ME

    Recently I had the pleasure of hearing Charles A. Lowenhaupt deliver a case study on family wealth. Lowenhaupt is chairman and chief executive of Lowenhaupt...

  • ARE TIPS BROKEN?

    Inflation is upwardly mobile again, or at least it was before the financial crisis exploded. Pricing pressures may fade until the economic and financial ills...

  • CAPITULATION WATCH?

    Nowhere to run; nowhere to hide. In the midst of the current economic calamity it is hard to tell if we are still at the...

  • M&A: Alive and Well

    While the rest of the economy--and virtually all of the financial services industry--contracts, the RIA business may well set another new record for mergers and...

  • STRESS TEST

    Surviving a month like September 2008 is a tough way to earn strategic perspective. Mercifully, bearish runs of that magnitude are rare in any calendar...

  • OF ETFS AND INDICES

    The announcement last week that FTSE has expanded its Environmental Opportunities Index series from one product to 10 is yet another indicator that global warming...

  • AT THE VANGUARD

    I like Vanguard funds. I know it's a no-no for active managers--and I include myself in that group--to admit this. After all, Vanguard is the...

  • Easing the Bite

    When we contribute to our favorite charities, most of us go the easiest, most familiar way--simply writing checks or using credit cards. We get a...

  • BRIDGING THE RISK GAP

    Last year's collapse of a bridge in Minneapolis was blamed on design flaws, the National Transportation Safety Board advises. Alas, there is no federal agency...

  • BUYING WHEN THERE'S BLOOD IN THE STREETS

    Private equity certainly is not what it used to be. The industry, which buys public companies with a mixture of cash and debt, has fallen...

  • Creating the Legacy

    In 1975, the SEC deregulated brokerage commissions and set the stage for Charles Schwab & Co. to create the discount brokerage business model. By unbundling...

  • Fund of the Month

    Desperate to find safety, investors have been fleeing to Treasuries and dumping high-yield corporate bonds, which are rated below-investment grade. During the year ended in...

  • Managing the Risk

    No one takes a trip expecting something bad to happen. But despite the best-laid plans for risk management, something often does. In fact, according to...

  • Writing the Documents

    Due to its effectiveness in leveraging the gift tax and seamlessly transferring ownership interests, the family limited partnership (FLP) has long been seen as a...

  • WHAT FUND RATINGS REALLY TELL US

    Morningstar's fund ratings are enormously powerful. Numerous studies have documented that highly rated funds attract more assets. Fund managers face constant pressure to achieve success...

  • DON'T PANIC!

    Most advisors (all good ones) start their clients on their personal journey to financial independence with a frank discussion about investment goals and risk tolerances....

  • NEW FUNDS ON THE BLOCK

    Sovereign wealth funds (SWFs) look menacing to some, while others say they're beneficial for the global economy. But no matter what you think of these...

  • Parting Shot

    The value of independent financial advice and the importance of the independent advisory channel have never been more apparent. Recent events in the financial markets...

  • THE SEVEN DEADLY SIGNS

    There are much more formal definitions for the term "organizational culture," but my favorite is "what happens when no one is watching." In my experience,...