Wealth Manager Web January 2009

Cover Story

• FIRMWIDE RISK: MULTI-FAMILY OFFICES

  By Kathleen McBride, AdvisorOne

  Although families and single-family offices certainly need to be aware of their risks--and how to mitigate them--the firm-wide risks of multi-family offices may be even...

• MARK IT TO MARKET

  By Vanessa Drucker

  Global equity markets lurch in waves of volatility. Banks are loathe to lend, withholding the lubricant that makes economies function. At the epicenter of the...

• MEASURING THE IMMEASURABLE

  By Robert Huebscher

  In an interview on November 21, legendary investor Jeremy Grantham, chairman and co-founder of GMO, declared that, "It's a nicely cheap market, but bear in...

• THE NEXT CHAPTER

  By Ben Warwick, Quantitative Equity Strategies

  Barack Obama's historic victory last month proved that the American people are ready for a new era in government. Limited disclosure is now pass?. More...

• A GLIMPSE INTO THE MIND OF OBAMA

  By James J. Green, AdvisorOne

  Depending on your political preferences, you may be depressed or delighted with the election of Barack Obama as the 44th president of the United States....

• PROFESSIONAL GROUPS UNITE

  By Staff Writer

  "Exploratory meetings" are underway between the Certified Financial Planner Board of Standards, Financial Planning Association and National Association of Personal Financial Advisors to establish "appropriate...

• SKINNY-DIPPING

  By Chuck Carlson, CFA

  Warren Buffett says that "it's only when the tide goes out that you get to see who has been swimming with their trunks off." Well,...

• BY THE NUMBERS

  By James Picerno

  What do we know about wealthy individuals and their charitable inclinations? Quite a bit, actually, and perhaps far more than is generally recognized. But much...

• FLEXIBLE AND SRI

  By Stan Luxenburg

  With credit markets in disarray, intermediate-term bond funds have slumped. During the first 10 months of 2008, the funds lost 8.4%--a particularly disappointing performance because...

• THE REPUTATION FACTOR

  By James Picerno

  Reputation counts for much in money management--nowhere more so than in the hedge fund industry. Everyone understands this, although exactly how reputation influences investing strategies...

• IMPAIRED RISK ADVOCACY

  By David Solie

  The current state of the financial markets has forced high-net-worth clients and their advisors to scrutinize their wealth protection strategies. As a result, many advisors...

• MUNIS TO THE RESCUE

  By J. Gibson Watson III, CIMA, Envestnet

  As the economic turmoil of the third quarter continued into the fourth, the domestic equity markets produced one of the worst 12-month periods in decades....

• TO THE EDITOR

  By Staff Writer

  As we close the books on a tumultuous year, it's hard to predict what lies ahead. A new president, changing economic conditions, major industry evolution--the...

• RISK MANAGEMENT REDUX

  By James Picerno

  True learning only comes through pain, Aristotle observed. If that's the case, investors endured one heck of an education last year. The source of their...

• BALANCING ACT

  By Nancy R. Mandell

  The vintage scales displayed in the conference room of Focus Financial Partners' midtown Manhattan offices are not the only collection CEO Rudy Adolf has his...

• DEDUCTING WHAT COMES NATURALLY

  By Julian Block

  Every year natural disasters like hurricanes strike repeatedly, affecting tens of thousands of Americans. Fortunately, individuals whose homes, household goods and other properties are damaged...

• A SILVER LINING

  By Gavin Morrissey, JD, LLM, Commonwealth Financial, Gavin Morrissey, JD, LLM, Commonwealth Financial

  There are times when--even for the highest-net-worth clients--wealth transfer becomes secondary to the issue of wealth preservation. Clearly, this is one of those times! The...

• CAREERS IN TIMES OF RECESSION

  By Philip Palaveev, Fusion Advisor Network

  As much energy and empathy as we are all spending on our clients, we may be overlooking another group of stakeholders whose portfolios have been...