Investment Advisor April 2005
Cover Story
Making It Your Own
Chris Kiley and Mike Huett stood in the front of the meeting room, taking their medicine as several dozen advisors demanded answers to a raft...
Cover Story
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In the Pipeline
For advisors, one of the most ballyhooed promises of the dot-com era has failed to materialize--account aggregation has not made significant headway. If you remember...
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All Wrapped Up
As a broker at the largest wirehouse on Wall Street, life was fairly easy. My only stress and my single focus was to make enough...
Features
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Bountiful Harvest
For some advisors, the stock market's two-year winning streak has revived confidence in equities. But any such complacency may be misplaced, and while bonds have...
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Russian Roulette
Russia is a vast and complicated land. It's where Europe and Asia meet, but it's also a symbolic nexus of old and new, of communism...
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Special People
In recent years, as more developmentally disabled individuals have been deinstitutionalized and become active residents in local communities, estate planning for parents of these individuals...
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Hand in Hand
If investment advisors are the quarterbacks of their clients' financial planning squad, accountants are often important skill players on that team, performing essential duties that...
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Riding the Wave
The registered investment advisor marketplace has rebounded in recent years, with advisors building assets under management and revenues returning to pre-dot-com-crash levels. Yet new and...
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Together but Separate
In its most unromantic sense, a legal marriage is the creation of an economic unit, and there are over 1,100 federal rights and responsibilities that...
Beginnings
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More Notes from the Gen Wars
"The Great Divide" (February 2005) made strong assertions about the current state of financial planning. I am a 22-year-old newly-minted fee-only financial planner and while...
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Pay Off That Mortgage, or Not?
Aptly called the American Dream, home ownership is being enjoyed in ever-increasing numbers. A combination of low interest rates and a long boom in real...
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How GM and CTA Strategies Play Out
Last month, we examined some of the characteristic differences between global macro (GM) and managed futures programs offered by commodities trading advisors (CTAs): two directional-biased...
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Going Hybrid, Gaining Flexibility
Flexible hybrid funds are a special class of balanced funds that have the leeway to invest in a range of securities, including commodities, real estate,...
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Investing in the American Dream
My uncle, a dyed-in-the-wool apartment-renting Brooklynite, was arguing with my parents, suggesting they were fools for having bought a house and paying all that money...
Columns
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THE GLUCK REPORT, Part I: Finding an RIA at Fidelity
My wife, my 11-year-old son, and I walked into a Fidelity branch recently and approached the reception desk. "Hi, I'd like to speak with someone...
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THE GLUCK REPORT, Part II: Behave Yourself
How do you explain to an alcoholic employee that his drinking is affecting his job? How do you deal with an employee who glares at...
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Sample Partner Policy Statement
Partner Policy Statement The selection of new partners is critical to achieving the Firm's succession goals and sustaining professional pride and job satisfaction. The goal for...
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Partner Track
Some years ago, I was working with an advisor who had reached a crossroads: Should he keep the practice small, and under his complete control,...
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The Dale Brown Gambit
Independent broker/dealers have always posed a conundrum for me. In my past life as editor of this magazine, I've given many awards for excellence to...
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SEC Gearing Up for New Rules
Get ready. The Securities and Exchange Commission is expected to issue a new rule this year on soft dollars as well as amendments to Form...
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I'm OK, You're Sorta OK
Few assets are more important to a financial advisor than personal integrity. Your clients expect you to give them advice straight from the shoulder. But sometimes...
Conclusions
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Looking for Income They Can't Outlive
After spending years accumulating enough money for retirement, baby boomers are now grappling with their next step: turning that money into an income stream that...
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All Hail the Overlay Manager
Unified Managed Accounts (UMAs) give advisors the flexibility to choose their own asset allocation and preferred products while delivering enhanced levels of customization. But the...
Sidebar Stories
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What's the SEC spending?
One of the more prominent issues these days for RIAs and broker/dealers alike is compliance. Research conducted by the AdvisorBenchmarking unit of Rydex (see page...
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and Now for Something Completely Different
When it comes to software for advisors, there always seems to be another company emerging with a new problem-solving piece of software. It's not uncommon...
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CTA QUESTIONS AND ANSWERS
What's the minimum investment? Traditional CTAs can start at $50,000 and range up to $5 million. A few are being repackaged into retail versions being...
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About The Manager
As John Connor describes it, there have been two basic tracks in his life that led to his current gig running the Third Millennium Russia...
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Brad Wasserman
WHLS Financial Advisors, LLC 25505 W. 12 Mile Road, Suite 4200 Southfield, Michigan 48034-8340 Phone: 248-352-8040, ext. 133 Fax: 248-352-4490 Web address: www.whls.com E-mail: bwasserman@whls.com Year practice began: CPA firm in 1970,...
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Looking back
Investment Advisor has published an annual planning technology directory since 1997. Below are some excerpts from an article kicking off our tech directory in April...
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Behind the Numbers, with Stuart schweitzer
JPMorgan Asset Management's global markets strategist explains his allocations simply. "We remain of the view that stocks will outperform bonds and cash," he says, adding...
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Savings Initiative
Senator Craig Thomas (R-WY) and Rep. Sam Johnson (R-TX) introduced legislation last month calling for the adoption of the Bush Administration's savings accounts--Lifetime Savings Accounts...
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Fidelity Versus Schwab
Fidelity's advice offerings are not as broad as Charles Schwab's. For instance, Fidelity does not advise on individual stocks. It does offer Lehman Brothers' research,...
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Satisfaction Guaranteed?
A recent private-letter ruling issued by the SEC giving advisors the okay to provide certain new clients with a "satisfaction guarantee" is causing quite a...
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For Your Bookshelf
Here's my list of the best marketing books (modesty prevents me from mentioning any written by a certain L. Chambers). To order, you can visit...
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Breaking up is hard to do
Love being a financial advisor? Not getting what you need from your current firm? Hear...
The Best of Both Worlds with Century Securities
Our independent affiliates enjoy the freedom to make important choices and the professional resources of...
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This advice is based on industry research and the practical observations of other advisors who...
Complimentary Informational Brochure on Ameritas Life and Annuities
Ameritas Advisor Services can give you the tools you need to help your clients with...
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For financial advisors, social media represents a powerful addition to traditional marketing and networking activities....
Complimentary Copy of "Winning Advantage: The Financial Advisor Playbook for...
Find out the four crucial steps you need to follow to choose the right technology...
Complimentary White Paper: "Alternative Investments in the Mainstream "
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