Wealth Manager Web October 2008

Cover Story

• AN ATTITUDE ADJUSTMENT FOR FLPs & FLLCs

  By Elaine Robertson Demby

  Until recently, David Weinstock, a principal with Weiser Capital Management in New York, was reluctant to recommend family limited partnerships (FLPs) to clients if the...

• STEALTH MARKET VOLATILITY

  By Ben Warwick, Quantitative Equity Strategies

  On the surface, July's market performance seemed to be a welcome respite from numbing losses. Sure, the S&P 500 index posted another down month, but...

• NOT JUST ANOTHER ASSET CLASS

  By J. Gibson Watson III, CIMA, Envestnet

  In a cycle with precious few highlights, one of the brighter spots has been the emerging markets universe. Indeed, for most of the last year...

• To the Editor

  By Staff Writer

  Asset price bubbles build and burst today much as they have since modern capital markets emerged some 300 years ago. As such, capital markets are...

• THE LAW

  By James J. Green, AdvisorOne

  On Sunday, Sept. 7, Treasury Secretary Henry Paulson announced that the Treasury Department, in collaboration with the Federal Reserve and the new independent regulator, the...

• CAPITAL PAINS: RULES FOR CAPITAL LOSSES

  By Julian Block

  Advising clients on how to reduce taxes for this year and even gain a head start on tax planning for future years is a significant...

• THE RICH ARE DIFFERENT

  By Robert Huebscher

  Wealthy investors have not embraced index funds. Advisors who manage funds for high-and ultra-high-net-worth investors have a mere 6.9 percent of their marketable securities in...

• EMERGING MARKET DEBT

  By Stan Luxenburg

  With credit markets in turmoil, many bond funds suffered losses in the first quarter of 2008. High-yield municipal funds dropped 3.10 percent, while ultra-short bond...

• RISK COUNSEL FOR THE WEALTHY WORLD TRAVELER: PART 1

  By Andrew McElwee

  Significant net worth provides much more than financial security. It enables the wealthy to leverage a world of exceptional experiences--from skiing in Chile to a...

• ALL IN THE FAMILY

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

  When clients' assets increase to levels that beg the need for advice that goes beyond retirement planning, it is time to work with a true...

• EXPECTATION INFLATION

  By James Picerno

  Failure is always lurking in philanthropy's shadows. So it goes for tackling challenges that have defied resolution otherwise. That doesn't mean that organized altruism per...

• AN INCONVENIENT BETA

  By James Picerno

  Carbon is many things. It's an element that's been known since antiquity and it's one of the most abundant substances in the universe. It is...

• VOLATILITY SURPRISES

  By James Picerno

  Volatility can be an investor's best friend, but friend can turn foe at times. The first line of defense is understanding volatility's role in money...

• SECOND HOME BLUES

  By Susan L. Hirshman

  This summer I had the opportunity to visit several vacation resort communities. They were spectacular--beautiful homes in beautiful settings. But whether I was on the...

• The Million-Dollar Question

  By Nancy R. Mandell

  The email that arrived in mid-August was an invitation from the Zero Alpha Group--a network of eight independent advisory firms in the United States and...