Research Magazine November 2012
Cover Story
New Retirement Pro Emerges From Altered Landscape
How do you provide high-level retirement income advice to your clients? It’s a single question with multiple answers, and it could be an advisor’s toughest challenge.
Features
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This Is Your Client’s Brain on Finance
Neuroscience can help us understand which advising strategies are most likely to succeed and why the most rational plan isn’t always the most effective.
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Mergers: A Tech Nightmare for Advisors
No one presumes that technology integration between big financial services firms will be headache-free, but such unions can unleash tech fiascoes. At stake: advisor productivity and morale.
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A CFP’s Mission: Educate and Empower Clients
Growing up with five rambunctious older brothers and five frisky sisters is good enough reason why Cheryl Young excels at martial arts.
Editor's Note
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Ground-Floor Opportunity
While the decision voters make in just a few days has the potential to launch the economy on a path of economic growth, it is possible and perhaps likely that the next several years will be financially unrewarding.
Voices/Columnists
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Cold Call Rewrite
I wrote about cold calling in my September and October columns and asked readers to take my survey. Here’s the most poignant of 142 answers I got to the question, “What is the most difficult part of the cold calling process?"
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Should Advisors Run for Office?
FPA head Paul Auslander recently argued advisors should get more interested in public office. Why, though, has the interest been so modest to begin with?
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Advisor Impossible
Have you noticed how many reality television shows there are these days?
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No Quick Fix
No matter who ends up on top in this year’s closely fought presidential election—billed by both Republicans and Democrats as the most important in a generation—don’t get too excited about the winner’s ability to “fix” the economy.
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Dividend Limits
High dividend strategies seem to go in and out of favor.
News
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Joint Venture Drops Smith Barney
Morgan Stanley says that its U.S. wealth management business is now branded Morgan Stanley Wealth Management (MSWM).
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What’s Driving Industry Shifts?
The number of wirehouse advisors and their asset base continues to drop, says a report released by Cerulli Associates on Monday.
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BofA to Pay $2.4B
Bank of America reached a settlement to end a class-action lawsuit with investors and will pay $2.43 billion, while also making certain corporate-governance reforms, the firm said in late September.
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Vanguard Switching Indexes
To cut costs for investors, Vanguard plans to transition 22 funds, many of which have an ETF share class, to new indexes starting in 2013, the fund giant said in early October.
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Investors OK With ‘New Normal’
According to the latest results of the Merrill Lynch Affluent Insights Survey, close to 45% of Americans accept the tough economic conditions.
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Schwab Strategist Upbeat
Bright spots in the U.S. economy, according to Charles Schwab Chief Investment Strategist Liz Ann Sonders, include housing and manufacturing, with a “renaissance” biased toward energy and autos.
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A Stimulus-Crazed World
Can central bankers reflate the world to prosperity?
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Building a Housing Recovery
A resurrection in the homebuilding sector has been one of 2012’s brightest investment themes.
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Schwab Cuts ETF Fees
In an aggressive move to attract more assets, Charles Schwab reduced the annual expense ratios on its 15 ETFs.
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Avoiding the Margin Call
I saw a sexy advertisement from a brokerage firm bragging about its rock bottom borrowing rates.
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Lawsuit Against ProShares Dismissed
Do leveraged and inverse ETFs have adequate disclosures?
Investment Spotlight
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A Win-Win Approach
There’s a long list of challenges facing the world and the companies that do business in it: climate change, access to energy resources, adequate food supplies, clean air and water, health care—and the list goes on.
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Metals in Motion
Precious/Base Metals


















