Investment Advisor July 2005
Cover Story
All In Your Head
Albert Einstein once reportedly said, "Only two things are infinite, the universe and human stupidity, and I'm not sure about the former." While the great...
Features
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Les Liaisons Dangereuses
Several years ago, a friend of mine objected to higher-ups about an ongoing affair at his company between a senior executive and a lower-level employee. The...
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Navigation Aids
Separately managed accounts were dreamed up years ago at a wirehouse--E.F. Hutton--and to this day they remain a key weapon in the arsenal of the...
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Family Planning
Faith and family are the cornerstones of Paul Hixson's life and, by extension, the financial planning profession. The family part is easy to see, since...
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At Your Service
If Jonathan Blattmachr had his way, there would be plenty more trusts in this country. That's not just because Blattmachr, an attorney with Millbank Tweed...
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Forces of Nature
Can a global resources fund be right for some of your clients? While the mere mention of digging for oil, copper, coal, or gold makes...
Beginnings
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FPA: The Next Generation
In your article "A Full Plate for the FPA" (June 2005), you indicated that the establishment of NexGen is a major reason why the FPA...
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Are Mutual Funds or ETFs Best?
What's not to like about exchange traded funds (ETFs)? These nifty investments trade like stocks, are based on the most popular market indexes around, and...
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The Prospects for Convertible Arb
Two fundamentally opposed views on hedge fund performance are going head-to-head. According to one, convertible arbitrage is a hedge fund strategy that is a victim...
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Energy Funds Power Upwards
Recent energy prices have spurred more than just conversation--in the last year, mutual funds focused on energy stocks have soared an average 38%. Moreover, energy...
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Step Up to the Plate
Political pundits are wringing their hands these days about blue states and red, about the yawning partisan chasm that has opened up in this country....
Columns
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THE GLUCK REPORT, Part I: The Bankruptcy Bill and You
On April 20, 2005, President Bush signed into law the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, hereafter referred to as the Act,...
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THE GLUCK REPORT, Part II: Has Advent Shuttered AdvisorMart?
At a time when Web-based portfolio management software (PMS) seems to be gaining greater acceptance among independent advisors, Advent Software Inc. appears to have stopped...
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THE GLUCK REPORT, Part III: Orion Rising?
For RIAs, the choice among portfolio management software (PMS) programs keeps growing. This month, we'll take a look at one of the newer offerings, from...
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Sticker Shock
With today's focus on growing advisory practices while managing costs, more advisors are entering into joint-venture or referral relationships with other professionals. In some cases,...
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Rebels Without a Cause
It's always dangerous to ask a writer what he thinks about anything. You're likely to hear something you don't want to, for longer than you...
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Mini-Sweeps Season
Investment advisors and mutual funds are prodding the Securities and Exchange Commission to revamp and curtail its use of its new two-year examination schedule called...
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Power Shift
My articles in the February and March issues of this magazine about the lack of a career path for young planners ("Great Divide") certainly struck...
Conclusions
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Advice to the Masses
Financial Finesse is blazing a trail as the first full-service financial education firm providing unbiased advice to its client companies' employees on everything from retirement...
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Assessing the Roth 401(k)
By now you've probably started to think about the new Roth 401(k), which begins on January 1, 2006. Part of the Economic Growth and Tax...
Sidebar Stories
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Defining Behavioral Finance Terms
Anchoring. The tendency of investors to become attached to a specific price as the fair value of a holding. Attachment bias. Holding onto an investment for...
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To Learn More About Behavioral Finance . . .
BOOKS Advances in Behavioral Finance by Richard Thaler (Russell Sage Foundation, 1993) Against the Gods: The Remarkable Story of Risk by Peter L. Bernstein (John Wiley & Sons, 1996) Choices, Values,...
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If You Have an Intimate Relationship . . .
with a client . . . DO: Be open to evaluating its effect on your work performance Be sensitive to its impact on your relationships...
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Ken Fisher--the $25 Billion Man--May Buy Advisor Practices
When Investment Advisor last spoke with Ken Fisher two years ago ("Straight Talk From Ken Fisher," September 2003), Fisher Investments boasted $15 billion in assets...
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Paul Hixson
Financial Management Professionals 4841 Ihles Road Lake Charles, Louisiana 70605 337-433-4334 www.fmprofessionals.com Year Practice Began: 1987 Number of advisors in firm: 7 Number of clients: 500 (approximately) Compensation method: fee-only Fee for managing assets:...
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Behind the Numbers,with Sam Stovall
"Just when I thought it was safe to become defensive, the economy takes off," jokes S & P's chief investment strategist, noting that based on...
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Looking Back
Robert F. Keane's cover story this month explores how the science of behavioral finance can be applied to investment advice. In the November 1999 cover...
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About The Manager
As Chairman, CEO, and CIO of U.S. Global Investors, Inc., Frank E. Holmes manages $2.2 billion in assets in 13 no-load funds in the U.S....
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Resource Library
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Understand the #1 Alternative Asset for Self-Directed Investors - Real...
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Start building long-term, loyal clients and advocates today by utilizing the latest research and our...
Complimentary White Paper: "Strategies on Advising Couples"
Grow your practice by rethinking how you view, interact and approach investment decisions when working...
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...
Build a Scalable Foundation for Growing Your Advisory Practice
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...
Working Smarter: Engaging Prospects And Clients Through Social Media
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 "
In this white paper you will learn how to earn more referrals and grow your...
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