BOOKS"Estate and Retirement Planning Answer Book," by William Mitchell, (ISBN 1567063217, Aspen Publishers, 118)"Estate Planning and Taxation 1999," by John Bost, (ISBN 0787249823, Kendall/Hunt Publishing Co., 63.95)"Everything Your Heirs Need to...
In June, a couple in their early 80s met with Jim Barnash, regional director of financial planning for Lincoln Financial Advisors in Rosemont, Ill., who specializes in estate planning. This couple had stalled on their estate planning for 10 years...
We all know we're going to die, but who wants to face mortality? Yet living in denial and avoiding estate planning can cost a client a lot of money in taxes. That's where a financial adviser can help--spotting potential problems, gently broaching...
Mutual funds are still popular among investors but the growth of the fund industry itself is beginning to falter, according to Cerulli Associates, a Boston-based research firm.Characteristics of a mature industry include slowing sales growth...
In August 1991, David Sack reinvented himself. At the time, Sack, a sales manager for the Shearson Lehman Bros. office at 625 Madison Ave., was enjoying the pinnacle of success. "Lehman was the greatest sales machine in the history of the industry...
Jess Grundy is not exactly a broker who's going places. Grundy, a senior vice president at Everen Securities in Seal Beach, Calif., joined its predecessor, Los Angeles-based Hill Richards, right out of the Navy in 1945. He has since sat tight...
Marilyn Murphy was sitting in her Modesto, Calif., office--a converted garage--when the telephone rang in December 1991. "Marilyn, a friend of mine needs help," the voice said. The friend, a corporate manager, had been caught in his company's...
The CFP Board of Standards is reconsidering the idea of a new Associate Certified Financial Planner designation for entry-level planners.The idea, panned as "CFP Lite" by many holders of the full CFP designation, provoked about 350 complaints to...
Retail brokers' median gross production reached a new record of 334,397 in 1998, according to data from the Securities Industry Association.Although median production (commissions and fees) increased 10.2% from a previous record of 303,366 in 1997...
A bill now being drafted by the Senate Banking Committee could limit state securities regulators' ability to enforce securities laws.Three highly controversial proposals have been dropped from consideration, but state securities regulators still...
