Wealth Manager Web March 2006

Cover Story

• A PRECARIOUS PERCH?

  By Rebecca McReynolds

  The Prudent Man Rule has been deeply grounded in the advisory framework since 1830, and the basic wording of the Investment Advisers Act hasn't changed...

• OUT OF REACH

  By Elaine Robertson Demby

  Family limited partnerships (FLPs) are an effective planning technique for reducing gift and estate taxes. Experts insist that while FLPs may have taken some hits...

• COVER ALL YOUR BASES

  By Joseph Finora

  THE WEALTH MANAGEMENT RULES are always changing. But at the end of the day, it's actually more about being in the client-satisfaction industry than the...

• OVERSEAS RISE

  By Stan Luxenburg

  WHILE U.S. MARKETS CAPTURED THE HEADLINES DURING THE 1990s, foreigners are leading in this decade. For the past four years, the Standard & Poor's 500...

• DO LARGE CAPS FIT?

  By Britt Erica Tunick

  LARGE CAPS ARE HERE TO STAY--THEY'RE JUST LIKELY TO HAVE A slightly smaller presence in the average investment portfolio over the next couple of years. Though...

• A GOOD PROGNOSIS

  By Susan B. Weiner

  HEALTH CARE FUNDS HAVEN'T BEEN WINNING ANY POPULARITY contests lately. Only $150 million flowed into the category in 2005, on the heels of a $1.45...

• THE CORE DEBATE

  By James Picerno

  TO EACH HIS OWN, CICERO WROTE MORE THAN TWO MILLENNIA AGO. A ripe old bit of advice, but no less relevant for wear in the...

• 20 YEARS LATER

  By James Picerno

  IN THE ANNUALS OF FINANCIAL RESEARCH, IT IS THE RARE STUDY THAT survives the test of time. "Determinations of Portfolio Performance" is widely considered one...

• RESTLESS ROTATION

  By James Picerno

  THE DEBATE OVER ASSET ALLOCATION'S ROLE IN PORTFOLIO RESULTS may be unending, as this month's interview with Gary Brinson suggests (see page 66). But in...

• TAMING THE WILD WEST

  By Cal Brown

  FOR DECADES, VARIOUS EXECUTIVE COMPENSATION strategies have been as wild and creative as gunslingers and gold miners in 19th century America. But a new sheriff...

• RULING CLASS

  By Lynn O'Shaughnessy

  CAN A DECEASED INVESTOR OPEN AN INDIVIDUAL Retirement Account? The question may seem ludicrous, but the Internal Revenue Service took it seriously when a young...

• ACROSS THE POND

  By Grace W. Weinstein

  "BEING IN CANADA BARELY FEELS LIKE BEING OUT OF THE U.S.," SAY LEAH BROOKS. YET accepting a teaching position at McGill University in Montreal meant...

• MISSING THE MARK

  By Brent Hicks

  HAVE YOU EVER WONDERED why certain things in our industry become generally accepted business practices? Perhaps you've experienced a sense of dismay when you've seen...

• TIME FLIES

  By Daniel Moisand

  WHEN I WAS IN COLLEGE, A buddy and I decided to take a road trip during our summer break to see a few games at...