Investment Advisor-July 2007

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  • Helping Therapists Get Over Moneyphobia

    Staff Writer

    The vast majority of psychotherapists are money avoiders. If a client brings up the subject of money, therapists often (consciously or unconsciously) deflect the discussion...

  • A New College Planning Tool

    Staff Writer

    ChannelMining Solutions, a Boston-based strategic consultant to the financial services industry, recently launched a Web-based college-planning tool that advisors can use to help clients map...

  • Ferdinand Pecora: Crusading Investigator

    Staff Writer

    Facing him in the dock were some of America's most influential men, whose names were synonymous with power, privilege, and great wealth. But Ferdinand J....

  • Travel The World, While Staying Home

    Staff Writer

    Global equity funds differ from international stock funds in that they have the latitude to invest in U.S. stocks as well as foreign companies. Indeed,...

  • Reviewing the Situation

    Staff Writer

    The National associAtIon of Insurance Commissioners is taking other actions with regard to the reports of LTC insurance abuses. While NAIC President-Elect Sandy Praeger, insurance...

  • Shame, Shame on Us All!

    Staff Writer

    That was a very nice puff piece about Mary Schapiro (Investment Advisor May 2007 Cover Story, "At the Helm"). Sadly, her stated goals will never...

  • Extending the Brand

    Staff Writer

    It's not an item found at a ship's chandler nor a fashion icon. Pershing's iNautix (USA) is a new business unit that provides, according to...

  • Tips for the Newly Employed

    Staff Writer

    Carry cash--without a credit card, there's no temptation to buy beyond your means. Know where your money is going--keep track of purchases by making...

  • NEWS & PRODUCTS, JULY 2007

    Kara P. Stapleton

    Wachovia announced May 31 that it will acquire A. G. Edwards and fold it into Wachovia Securities, LLC, creating what Wachovia called the "second largest...

  • Change a' Comin'!

    James J. Green

    I've been married to my wife for 21 years, and while we've grown comfortable with each other, I can still be surprised, delighted, and impressed...

  • McWhinney Out, Goldman In

    James J. Green

    Deborah McWhinney, president of Schwab Institutional (SI) since 2001, resigned her position on May 18, and has been succeeded by Charles Goldman, SI's COO. As...

  • About the Manager

    Staff Writer

    R.H. Dillon is CIO of Columbus, Ohio-based Diamond Hill Investments, and CEO and president of its publicly traded parent, Diamond Hill Investment Group Inc. (DHIL)....

  • Getting Over Therapyphobia

    Staff Writer

    For a number of advisors, even the mention of "therapy" or "therapeutic" evokes a negative reaction. This resistance is often due to concern that they...

  • Group Think

    Staff Writer

    The Financial Planning Association (FPA) told the U.S. Court of Appeals for the D.C. Circuit on June 1 that although it does not oppose the...

  • Moving On Up

    Kara P. Stapleton

    A number of your clients were busy in 2006, swiftly climbing the ladder of success. According to a new report from Spectrem Group--"Affluent Market Insights...

  • The B/D Exemption Rule Is Gone, What's Next?

    Staff Writer

    Now that the Broker/Dealer Exemption Rule 202(a)(11)-1 which exempted brokers from regulation as an investment advisor even when they were being paid fees for investment...

  • William M. Topkis

    Staff Writer

    Topkis Financial Advisors 910 Foulk Road, Suite 100 Wilmington, Delaware 19803 Phone: 302-654-4444 Web site: www.topkisfinancial.com Year practice started: 1994 AUM: $50 million Number of advisors in firm: two Number of clients: 100 Compensation:...

  • Focus on the Optimal Client

    James J. Green

    "I think the leaders of investment firms don't understand mortality tables," joked Jim Ware, a CFA and consultant speaking at Pershing's ninth annual Insite conference...

  • Getting Your Affairs in Order

    Elizabeth D. Festa

    Death. No one likes to confront it, but Wynne Whitman is in the business of serving clients who must face it, and is now trying...

  • Performance Anxiety

    Staff Writer

    Investors and their advisors have enjoyed a pretty good relationship over the past few years, helped by a steady bull market that has seen investors'...

  • Asset Allocation, July 2007

    Staff Writer

    To learn this month's recommended asset allocations of Investment Advisor's panel of distinguished economists and money managers, click here.

  • Behind the Numbers, with Sam Stovall

    Kara P. Stapleton

    Sam Stovall, S&P's chief economic strategist, has maintained a high percentage of assets allocated to stocks this month. Within that percentage, Stovall recommends underweighting U.S....

  • CFP Board Adds Fiduciary Requirement

    James J. Green

    The Board of the Certified Financial Planner Board of Standards adopted on May 24 a revised version of its code of ethics, adding new...

  • Upgrades

    Staff Writer

    Standard & Poor's is adding an index for Muslims who want to participate in the markets, while still conforming to Shariah, or Islamic law. The...

  • Compliance Crisis

    Kara P. Stapleton

    Brokers are losing much valuable time to compliance issues each week, according to a new study by Katherine Vessenes of Vestment Advisors, Inc. of Minneapolis....

  • A Fund of Your Own

    Bob Clark, Bob Clark

    It's no secret that with overhead, compliance, and professional costs rising, advisory practice margins are being squeezed like never before. Neither is there any mystery...

  • A Long-Term Problem?

    Marlene Y. Satter

    Last month we looked at the public outcry over long-term care insurance and the resulting repercussions throughout the industry, as companies strove to overcome a...

  • B/Ds in the Year 2010

    Staff Writer

    In dusting off our crystal ball, we thought of taking a prophetic approach to what lies ahead for our industry, attempting to answer such vexing...

  • Protect Yourself

    Melanie Waddell

    When it comes to protecting themselves from disgruntled clients and the long arm of regulators, advisors and their broker/dealers have to be on the ball....

  • A Long-Short Story

    Kate McBride

    Thinking about an absolute return strategy during a period where some major market indexes are at, or near, all-time highs may not sound intuitive, but...

  • High Performance Collaboration

    Lewis Schiff

    As we examined last month, private wealth specialists can help you with those special cases where you require more comprehensive analysis using a higher level...

  • Guiding New Grads

    Susan L. Hirshman

    Good news! Employers intend to hire 19.2% more new college graduates in 2007 than they did last year, according to a recent poll by the...

  • Therapeutic Finance

    Olivia Mellan

    A while ago, I took part in a committee retreat about teaching communication and counseling-related skills to financial planners. The discussion was sponsored by the...

  • People Who Need People

    Mark Tibergien

    At a time when advisory firms are experiencing unprecedented demand for professional advice, many do not have the physical capacity to capitalize on the opportunity....

  • NEWS & PRODUCTS, JULY 2007

    Staff Writer

    A new group has been formed to help independent third-party recordkeepers' voices be heard on Capitol Hill. The Council of Independent 401(k) Recordkeepers (CIKR), a...

  • Investing in Your Own Future

    Angie Herbers

    Last month, I sat on a panel about attracting and retaining professional talent at the FPA Northern California Conference in San Francisco. As if often...

  • For More Information . . .

    Staff Writer

    Barry Duncan's What's Right With You: Debunking Dysfunction and Changing Your Life (HCI, 2005) shows readers how to tap into their inner resilience and...

  • Birth of a Profession

    Staff Writer

    The independent adviser profession--or "investment counseling," as it was originally called--owes its existence to a convergence of events and influences in the first quarter of...

  • Overlay Uses 101

    Jeff Joseph

    Separation of alpha and beta appears to be the mantra du jour in portfolio management, though long-time observers are aware that the concept is hardly...

  • Really, a Life Planner

    Staff Writer

    Bill Topkis talks about making the transition from a career in the insurance business to one as a fee-based financial advisor: "In '94, when I walked...

  • Changes

    Staff Writer

    Shawn Dreffein, president of National Planning Corporation (NPC) and CEO of the National Planning Holdings broker/dealer network of Jackson National Life, has retired from those...

  • Stable Value or Not?

    Melanie Waddell

    As the Department of Labor prepares to finalize its proposed regulation on qualified default investment alternatives (QDIAs) in 401(k) plans, the debate rages on as...

  • Like Father, Like Daughter

    Bob Keane

    There are almost as many different types of financial planning firms as there are individual financial planners. There are firms consisting of multiple generations of...

  • Depression-Era Financial Reforms

    Staff Writer

    Glass-Steagall Act of 1933: Prohibited most securities activities by commercial banks. Separated commercial banking from investment banking. Securities Act of 1933: Regulated the issuance of...

  • Retirement Redefined

    Kara P. Stapleton

    It seems retirement has been redefined, and the new definition includes part-time work. This change from the traditional retirement vision of sitting on a porch...

  • To Market! To Market!

    James J. Green

    Some people define genius as having original, unique thoughts. I think of geniuses as people who look at the same information as everyone else, but...

  • Finding the Best Healthcare Options

    Staff Writer

    The news about the cost of healthcare is scary for most Americans, but healthy young students probably think it's one of their lowest priorities. Nearly...

  • Going Private

    Kate McBride

    Hear that? It's the sound of a very big door opening into the elite, large, 144A private securities marketplace. Not only will companies that want...

  • Sayonara to Insurance B/Ds?

    Staff Writer

    Insurance companies selling off broker/dealers has been a growing trend that is likely to accelerate into 2010. In 2000, for instance, Fortis sold off its...

  • Gen Xers: The Optimal Client?

    Melanie Waddell

    The best new clients for advisors may be high-net-worth Gen Xers, but the trick will be luring these young millionaires away from the banks. That's...

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