Many years ago, an attorney proposed what is perhaps the most succinct understanding of the term fiduciary that I have ever encountered. He said, simply,...
Young people are not saving for their future. Drs. Christopher Thornberg and Jon Haveman of Beacon Economics, based in Los Angeles, released a study in...
Many major organizations around the country are creating Next Generation groups. They all have one common theme: to educate the next generation and give them...
The Outer Limits
In every human endeavor, there are a few pioneers who expand the fields of possibility-- brave test pilots who fly off into the wild blue...
THE GLUCK REPORT, Part I: Why Investing Costs Matter
In covering personal finance for the last 22 years, I've met lots of financial advisors, but one of my all-time favorites is Tom Connelly. A...
FASB Issues Proposal on Fair Value Measurements
The Financial Accounting Standards Board has issued a proposed statement, Fair Value Measurements, which would provide guidance for how to measure fair value. The proposed statement seeks to establish a framework that would improve the consistency, comparability and reliability of fair value measurements and would apply broadly to financial and...
FORMULAS FOR SUCCESS- Not Your Father's Bean Counters
It's no secret among independent financial advisors that accounting firms--a traditional source of client referrals--have been steadily making inroads into the advice business themselves. The...
Investment Advisor Speaker of the Month
Ed Slott on IRAs at the AICPA Estate Planning Conference
Defining Your Role
As an advisor trying to build a successful practice, you have a limited amount of time each day to accomplish a seemingly unlimited number of...
Strength In Numbers
Forget the one about a tree falling in the forest. Here's a better question: If a company's building burns down and the company's auditor is...