Mitch, a 25-year wirehouse veteran with $500 million in client assets in the Midwest, began considering his options for a move in 2008. He was tired of the bad press about his firm and other wirehouses and decided he was financially prepared to...
Location: Melville, N.Y. Assets under Management: $500 million plus Production: $5 million Expertise: CPAs Some advisors make teaming up with CPAs look so easy. Jonathan Kuttin is one of them. But a successful partnership doesn't happen overnight...
Registered Rep.: How will the SEC handle the fiduciary standard for broker/dealers this year? John Taft: They'll propose a rule, ask for comment on that proposed rule, and they're going to do cost-benefit analysis based on that rule, and...
In a March report titled A Tale of Two Millionaires, McKinsey & Company coined the term core millionaires to describe the 4.2 million households in the U.S. with between $1 million and $10 million in assets. These clients are the meat and potatoes...
Location: New York City Assets under Management: $250 million Production: $1.9 million Expertise: LGBT investing The last decade has been a tumultuous one for financial advisory services for the lesbian-gay-bisexual-transgender community. Before...
Location: San Francisco Assets under Advisement: $1.3 billion Production: N/A Expertise: Socially responsible investing Most advisors don't get socially responsible investing, says Thomas Van Dyck, senior vice president at SRI Wealth Management...
Location: New York City Assets under Advisement: $5.5 billion Production: $5.7 million Expertise: Faith-based investing The Catholic Church is deeply hierarchical, but broad discretion is left to member organizations in the area of investing...
For advisors who were trying to diversify stock-heavy portfolios, 2011 was a year for the record books. While some assets proved to be unusually powerful diversifiers, other investments provided little diversification at all. The unusual pattern...