Investment Advisor April 2007
Cover Story
The Wealth Boom
Just as the baby boomers transformed nearly every aspect of the financial services business, the massive assets controlled by the fast-growing affluent middle-class, combined with...
Features
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Behind the Curtain
RIAs and their high-net-worth clients have dramatically increased the use of alternative investments in their portfolios in recent years, and are on track to continue...
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Par Excellence
While there are some 5,000 separately managed account products in the market, not all are "considered legitimate SMA management firms for managing an advisor's client...
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Plotting Your Course
As I write these words, I'm filled with excitement. Excitement about the new journey I am taking--one that many of you have already traveled and...
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Child Is Father to the Man
Im gonna be like you, dad. You know I'm gonna be like you." I doubt if there are many parents who can listen to Harry Chapin...
Beginnings
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Wealth Is The Name of the Game
I always enjoy Bob Clark's articles and found "The Name Game" (Clark at Large, November 2006) interesting. I do have another take on the matter,...
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Asset Allocation, April 2007
To learn this month's recommended asset allocations of Investment Advisor's panel of distinguished economists and money managers, click here.
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High-End Investors Don't Fear Hedge Fund Blow-ups
The large losses of the Amaranth Advisors hedge fund last September and other similar highly-publicized failures are unlikely to deter hedge fund investing by those...
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Like Money In The Bank
The financial services industry has recently come under some harsh and unwelcome glare in light of the ongoing collapse of the subprime mortgage lending sector....
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A President For Schwab
Charles Schwab Corp. annou-nced Feb. 21 that Walt Bettinger, a longtime Schwab executive, has been named president and COO of the company, effective immediately, raising...
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Morningstar--S&P Deal
Morningstar, Inc. and Standard and Poor's, a division of The McGraw-Hill Companies, announced March 16 the completion of a deal for Morningstar to acquire Standard...
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Catching up with... Jeffrey Mortimer
How can advisors justify why it makes sense--and cents--for investors to work with them? One concrete way to show clients how you add value can...
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CFP Standards Revision
It's amazing what a few months of calm and careful deliberation and a willingness to listen to the opinions of others can accomplish. After unleashing...
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Watch LPL Grow
LPL Financial, the big independent broker/dealer, stamped its seal even more emphatically on the independent B/D universe, and ended speculation over the future of Pacific...
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Group Think-April 2007
Christopher Cox, chairman of the Securities and Exchange Commission announced in mid-February that the agency would sharply cut the fees charged to public companies and...
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Changes-April 2007
New York Life Insurance Company announced that Christopher Blunt was appointed senior VP and COO for its Life and Annuity Operations, the company's largest revenue...
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Upgrades-April 2007
...First introduced in January, Fidelity Investments' new referral service, Wealth Advisor Solutions, will match high-net-worth investors with select RIAs who are Fidelity custody clients. Matches...
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Fortunate Son
When a fellow escapes New Jersey to spend February in the sunny Arizona desert just as the Northeast gets hit with not one but several...
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Perqs Lead to Penalties
About 600 charities and foundations have had to file amended tax forms due to an IRS study that found flaws in the way the organizations...
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Commonalities
I've just finished a task that lasted 12 months, required minimum hour-long discussions with a dozen sources, and entailed transcriptions that took me more than...
Columns
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Ready, Fire, Aim
With the dramatic growth of the average financial advisory business over the past five years, practitioners are being forced to develop a new skill in...
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Walkin' the Walk
You gotta respect a man who puts his money where is mouth is. Mark Hurley has received considerable publicity over the past ten years for...
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Review Your Review
By now, you probably have received the performance numbers for the first quarter and are in the midst of setting up your appointments for your...
Conclusions
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An Underutilized Charitable Option
A provision in the Pension Protection Act (PPA) of 2006, which allows individuals over the age of 701?,,2 to make a one-time donation of up...
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Take Some Advice: Consumers Are Looking for It
Advice--take it or leave it--but it seems the majority of consumers plan on taking it. According to the 2007 World Insurance Report from Capgemini and...
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NEWS & PRODUCTS APRIL 2007
The Fidelity Research Institute reported March 12 that Americans are slightly better prepared for retirement, but noted that their expectations for income in retirement remain...
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Retirement Planning Balancing Act
Being an advisor who focuses on selling and servicing corporate 401(k) plans is a matter of balance, says David Tyrie of Putnam Investments. "It's not...
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Designated Advisor
Can a new set of letters after an advisor's name transform her into a wealth manager? Maybe not the letters alone, but months of study...
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A Compliance Culture
ReceNt NASD actions have led to increased compliance efforts on the part of many firms. The Financial Services Institute has released "Independent Broker-Dealers: Building a...
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NEWS & PRODUCTS APRIL 2007
Utah's House of Representatives voted in March 167-7 to pass legislation that repeals a May 2006 Utah statute requiring B/Ds to inform the state's Division...
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An Area of Concern?
We asked Bruce Temkin, a VP at Forrester Research, his thoughts on why Forrester's survey revealed such a high proportion (72%) of Gen X males...
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Keep Them Satisfied
You know that clients' feelings about money can have a dramatic effect on the financial plans you craft so carefully for them. Their attitudes on...
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First, Hold On to Your Clients
Because of the "greying" of the investment advisory industry, it is becoming increasingly more important for investment advisory firms to consider succession planning issues, whether...
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The CFP Board's Giant Step Forward
On march 9, the CFP Board of Standards released the Second Exposure Draft of proposed revisions to its Standards of Professional Conduct. As I've been...
Sidebar Stories
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Growth of the Affluent
There are more millionaires than ever, and their numbers are growing. According to the Fed's Survey of Consumer Finances, households with a net worth of...
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Crunch Time For Boomers
In its most recent survey, AdvisorBenchmarking found that as wealthy clients transition into retirement and begin to transfer wealth to their heirs, retaining boomer assets...
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What if the Horse Has Left the Barn?
It is ideal to have a new employee sign a restrictive covenant when he begins his employment. But what if you don't do so at...
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Stepfathers and Sons
These days, the "father" role in many households is filled by a stepfather. It's hard to generalize about the influence of these men on their...
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Behind the Numbers, with Lincoln Anderson
So far this year, LPL's chief investment officer, Lincoln Anderson, has not made any changes in his recommended asset allocation, keeping the highest percentage in...
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The benefits of an agenda for a client review for the...
Advisor: Provides the opportunity for an additional touch point with the client, when sent prior to the review meeting; Helps you mange expectations and control...
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Don't Forget Diversification
When considering commodities, don't neglect their diversification benefits, which historical research has amply demonstrated, says Hilary Till, principal of a proprietary trading firm in the...
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Invitation to the Conversation
This is just the beginning in Investment Advisor's initiative to understand the Middle-Class Millionaire and how advisors are responding to them. As part of our...
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My Two (or More) Sons
Good fathers strive to be fair in how they treat different sons, even though each child clearly has his own temperament and money personality. In...
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