We kick off 2014 with a look at volatility and how advisors can manage it in our January issue. Ben Warwick looks at liquid alternative funds and what they can do for clients’ portfolios.
Jon Sundt also addresses alternatives this month, not just in his regular column, but in a feature on hedge funds. Over the past 65 years, hedge funds have evolved from a boutique investment for wealthy investors to sophisticated risk management tools.
We also talk to leaders at Northstar Investment Advisors about their strategy for building a firm worth transferring when an advisor is ready to retire. Finally, FA Insight offers the second installment of the 2013 People and Pay series.
Alternative mutual funds are enjoying increased acceptance in the advisor community. And why not? In this new risk-on/risk-off era, finding diversification in long-only products is harder than ever. At the same time, bells and whistles like liquidity, transparency and (somewhat) lower fees have made alt funds increasingly approachable.
Ben Warwick, founder and CEO of Quantitative Equity Strategies, examines why they should be considered in a portfolio; how to choose the most appropriate strategy for clients; and the attributes to look for when shopping for funds.
To prepare a valuable succession plan that will take their firm into the future, advisors have to begin at the beginning and build a business instead of a practice, according to Charles Farrell and Fred Taylor of Northstar Investment Advisors. Regardless of an advisor’s exit strategy, it won’t work if he can’t detach himself from the firm.
Managing Editor Danielle Andrus examines ways advisors can build enterprise value to ensure a successful transition later.