Investment Advisor July 2008
Cover Story
Globalization Now
Globalization. We hear the term over and over nowadays yet it's often hard to define succinctly because it encompasses myriad issues. At its core, globalization...
Cover Story
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Shrinking Planet
Asignificant number of the new clients that Jeremy Deedes, founder and director of the Yorkshire, England-based firm Planning for Life, has taken on this year...
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Canadian Invasion
Canadians are making a run for the border like never before, a migration that's triggering a rash of financial planning issues for investors with dual...
Features
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Be Positive
Conventional wisdom says that in order to practice socially responsible investing one must be willing to accept subpar investment returns, as if doing the right...
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Minority Report
Our nation is often described as a melting pot, but I think it's also somewhat like a popcorn popper. People from different cultural backgrounds are...
Beginnings
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Liar, Liar...
I read Olivia Mellan's wonderful article, "Pants On Fire: Dealing With Liars And Cheats," in the June 2008 edition. Nice job. I am a hedge fund...
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Asset Allocation, July 2008
Read this month's recommended asset allocations from Investment Advisor's panel of distinguished economists and money managers here.
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The Vicious Credit Cycle Goes Round and Round
The financial sector has appeared more stable since the drama in March when the Federal Reserve intervened to stave off the collapse of Bear Stearns,...
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Riding The Rally In Natural Resources
Investors have suffered a double dose of bad news this year. As the U.S. economy slows under the weight of the weakened housing market, a...
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Schwab Smoothes the Road to Independence
Schwab Institutional announced on June 12 a multipronged platform--with some existing planks, and some newly laid ones--to ease the transition process for brokers who wish...
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NAPFA Asks Its Members to Get On the Bus
Much like the Presidential candidates, NAPFA is bringing its message to the people. Beginning after Labor Day, the National Association of Personal Financial Advisors plans...
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Catching up with... Mark Tibergien
It's a good time to be a seller of an RIA firm, at least a certain kind of RIA firm, according to the latest definitive...
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Taking Flight: Transporting Those in Need
As an advisor, you know firsthand how long the workweek can be. Between meeting with clients, managing employees, doing investment research, and dealing with paperwork,...
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Pershing Welcomes a Multitude
By just about any measure, registered investment advisors are winning the battle, and maybe, just maybe, the whole war against the captive forces of the...
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Further Integration at Fidelity
It's no secret that those who provide independent financial advice fall somewhere along a spectrum of independence from the registered rep of an independent broker/dealer...
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Group Think
The CFP Board has filed a comment letter with the SEC welcoming the Commission's proposal to improve the quality of information that investment advisors must...
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Changes
The Board of Directors of Putnam Investments announced that Robert "Bob" Reynolds has been named president and CEO of Putnam Investments. Charles "Ed" Haldeman, current...
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Upgrades
Advanced Equities Financial Corp. launched Venture Gateway (www.venturegateway.com), a Web portal that connects institutional and other high-net-worth investors with late-stage private equity opportunities. The portal...
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Lone Investors
Many affluent individuals still haven't grasped the benefits of having professional advisors. In responding to the 2008 Phoenix Wealth Survey many millionaires described themselves as...
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United We Grow
Most interview subjects wait for the questions to be lobbed in by the journalist. Others--usually the Type A CEO type--launch directly from the introductory pleasantries...
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Strength From Weakness
That which makes us strong is often our greatest weakness. That which provides us with our greatest advantage usually is our biggest handicap as well. What...
Columns
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A Special Kind of Life Insurance
One of the benefits of working with advanced planning networks is that they can add the right kind of specialist to deliver a better solution...
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Energy Is in the Air
Most reasonable people would agree that we have an energy problem, if not a full-blown crisis in this country. Yet our elected leaders seem, with...
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Awaken Your Inner Manager
Management consultants are fond of the adage "Companies hire people; managers lose them." As trite as such sayings are to those who are doing their...
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With Friends Like These...
My sense is that these days, some financial planners have become ambivalent about the doings of the CFP Board. So you may or may not...
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SEC Chairmen of Yore Speak
How can you fail to listen when six former SEC chairmen gather to talk about today's regulatory environment? During a roundtable discussion at SEC headquarters...
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Learning to Listen
A couple of years ago, my partner Bob Clark told me about an advisor he knows in Columbia, South Carolina, named James Wilson. A past...
Conclusions
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Drivers of Annuity Sales
Assets in annuities will jump to $2.9 trillion by 2012--a compound annual growth rate of 7.9%--sparked by demographic trends and product development that addresses both...
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Women Still Lack Confidence on Retirement
Sometimes no news is bad news, though the findings of a recent study on women and retirement suggest that there remains an educational opportunity for...
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NEWS & PRODUCTS, JULY 2008
The Department of labor (DOL) will continue to scrutinize the indirect compensation that advisors acting as pension consultants receive, warned Alan Lebowitz, a DOL official,...
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Graff's Goal at ASPPA: Closing the Gap
A go-to guy in Washington for retirement plan policy, Brian Graff has been at the helm of the American Society of Pension Professionals & Actuaries...
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Fight the Power
Ever wonder whether you could take on the Financial Industry Regulatory Authority (FINRA) and actually come out better than if you had settled? The answer,...
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NEWS & PRODUCTS, JULY 2007
Marcia Martin was named senior vice president, operations and partner support, at Cambridge Investment Research. Martin, who joined Cambridge in January 2005, assumes oversight for...
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One Forward, Two Back?
This past March the Department of the Treasury released its Blueprint for a Modernized Financial Regulatory Structure, which sets forth an argument for the need...
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Looking Out for Number Two
Maybe some of us are just lucky and end up in the right career. I know I've been passionate about my career over the last...
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Stop Relying on the Fed
Investors have grown accustomed to bold moves by the Federal Reserve to defend against the evil unknown. The Fed's easing has become almost chronic and...
Sidebar Stories
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The Value of Community Outreach
There seems to be a great deal of potential to train more Hispanic, African-American, and other financial advisors who are attuned to the culture of...
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With a little help from my friends...
The advisors quoted in this two-part article were all very generous in providing insights to help others reach clients from minority backgrounds. I also owe...
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FPA Spotlight
At its annual conference in Boston this October, the Financial Planning Association will assemble a stellar panel to discuss "Cross-Cultural Financial Planning: Making a Business...
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Assimilation Nation
Proponents of cultural diversity may be unhappy to learn that many of the nearly 40 million U.S. immigrants are already on the road to assimilation....
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Follow the Money
If you need further convincing that advisors are increasingly allocating their clients' assets to overseas markets, just look at recent data from Advisor Perspectives. Using...
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Going Global as a Competitive Advantage
So is globalization coming to your corner of the world? Rich Brueckner, the chairman and CEO of Pershing LLC, notes that investors "want to take...
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Avoid These 15 Tax Traps!
Multiple tax and estate planning pitfalls can arise when dealing with international clients, defined as non-U.S. citizens who are either resident aliens or nonresident aliens,...
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What's New With 12b-1s
Andrew "Buddy" Donohue, director of the SEC Office of Investment Management, revealed some more details about how 12b-1 fees would likely be treated under a...
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Not the Right Fit?
Career support and resources look different depending on the size and culture of the organization. Take a Fortune 500 company. Such a company is likely...
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Don't Stop Spending
The credit crunch of 2007 has led to a decline in value of structured products like credit derivatives. "These products had been highly leveraged by...
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Lessons from the School of Hard Knocks
Achieving the wisdom that allows an advisor to see that a well-managed firm is as good for his clients as it is for himself usually...
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The Return of $20 Oil?
On the same day in June that oil reached a new high of $139 a barrel, I had a conversation with Ben Warwick, CIO of...
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Eliminate Junk Mail; Save Some Trees
One of the easiest ways to make your life, and the lives of your clients, more green is to reconsider your use of paper. In...
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Get Over It
Performing a gap analysis on your own practice--discerning the difference between your ideal vision of the practice and its current reality--requires objectivity on your part....
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Behind the Numbers, with Lincoln Anderson
LPL Financial's chief economist is over-allocated to stocks "because we're at the end of a 25-year rally in bonds, and yields have come down to...
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Reynders, McVeigh Capital Management, LLC
4 Liberty Square Boston, Massachusetts 02109 Phone: 617-226-9999 Web site: www.reyndersmcveigh.com Year firm founded: 2005 Assets under management: $260 million Number of clients: 120 relationships Compensation: Fee-based (1% of the first $3...
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Invest in Others
LPL Financial created the Invest in Others Charitable Foundation in 2006 to recognize its advisors and their impact on their communities, and to further encourage...
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Dutch Life Planning
When Paul Versteeg became CEO of Allianz's Dutch insurance operations in 2004, he realized he had a problem. Having spent most of his career in...
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If It Ain't Broke...
Sandy Praeger, president of the National Association of Insurance Commissioners (NAIC) and Kansas insurance commissioner, is critical of Treasury's plans for overhaul of the insurance...
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