Wealth Manager Web October 2008

Cover Story

  • AN ATTITUDE ADJUSTMENT FOR FLPs & FLLCs

    Until recently, David Weinstock, a principal with Weiser Capital Management in New York, was reluctant to recommend family limited partnerships (FLPs) to clients if the...

  • STEALTH MARKET VOLATILITY

    On the surface, July's market performance seemed to be a welcome respite from numbing losses. Sure, the S&P 500 index posted another down month, but...

  • NOT JUST ANOTHER ASSET CLASS

    In a cycle with precious few highlights, one of the brighter spots has been the emerging markets universe. Indeed, for most of the last year...

  • To the Editor

    Asset price bubbles build and burst today much as they have since modern capital markets emerged some 300 years ago. As such, capital markets are...

  • THE LAW

    On Sunday, Sept. 7, Treasury Secretary Henry Paulson announced that the Treasury Department, in collaboration with the Federal Reserve and the new independent regulator, the...

  • CAPITAL PAINS: RULES FOR CAPITAL LOSSES

    Advising clients on how to reduce taxes for this year and even gain a head start on tax planning for future years is a significant...

  • THE RICH ARE DIFFERENT

    Wealthy investors have not embraced index funds. Advisors who manage funds for high-and ultra-high-net-worth investors have a mere 6.9 percent of their marketable securities in...

  • EMERGING MARKET DEBT

    With credit markets in turmoil, many bond funds suffered losses in the first quarter of 2008. High-yield municipal funds dropped 3.10 percent, while ultra-short bond...

  • RISK COUNSEL FOR THE WEALTHY WORLD TRAVELER: PART 1

    Significant net worth provides much more than financial security. It enables the wealthy to leverage a world of exceptional experiences--from skiing in Chile to a...

  • ALL IN THE FAMILY

    When clients' assets increase to levels that beg the need for advice that goes beyond retirement planning, it is time to work with a true...

  • EXPECTATION INFLATION

    Failure is always lurking in philanthropy's shadows. So it goes for tackling challenges that have defied resolution otherwise. That doesn't mean that organized altruism per...

  • AN INCONVENIENT BETA

    Carbon is many things. It's an element that's been known since antiquity and it's one of the most abundant substances in the universe. It is...

  • VOLATILITY SURPRISES

    Volatility can be an investor's best friend, but friend can turn foe at times. The first line of defense is understanding volatility's role in money...

  • SECOND HOME BLUES

    This summer I had the opportunity to visit several vacation resort communities. They were spectacular--beautiful homes in beautiful settings. But whether I was on the...

  • The Million-Dollar Question

    The email that arrived in mid-August was an invitation from the Zero Alpha Group--a network of eight independent advisory firms in the United States and...