If you think too many baby boomers are blissfully ignorant of their own financial future, just turn your attention to Washington, D.C. Peter G. Peterson, author of Gray Dawn: How the Coming Age Wave Will Transform America and the World and Running...
In his influential book, Pioneering Portfolio Management, Yale University's chief investment officer, David Swenson, makes the case for illiquidity. Swenson notes that on Oct. 19, 1987, the day the stock market dropped by more than 22 percent, a...
An A.G. Edwards broker recently found himself in the midst of a competitive conversation of the sort that is likely to become more common among high-net-worth advisors. The exchange began when the rep took a call from an advisor at a rival firm a...
More clients are purchasing vacation homes a trend which can translate into more work, but also more opportunity, for full-service advisors. According to the National Association of Realtors, last year saw 445,000 purchases of second homes in the...
Money Hut The Financial Planning Association has set up a kiosk for dispensing free financial advice to seniors in a Thousand Oaks, Calif., mall. The goal: building trust between advisors and older investors. It is not known whether the FPA will...
With the securities firms forever searching for edgy products, it should come as little surprise that exchange-traded-fund (ETF) wrap accounts are growing in popularity. ETF wraps, which are less expensive than mutual funds, are seen by many as a...
Investor misfortune is a good thing at least for financial advisors trolling for new clients. The industry now sits on the cusp of perhaps the best illustration of that statement, as the mythical $41 trillion wealth transfer to baby boomers from...
The fabled, massive wealth transfer the Holy Grail of the financial services industry. Back when economists were simply talking about what the WWII generation would pass on to its baby boomer children, they estimated that $10 trillion would change...
Many former Prudential advisors have reached a tipping point in their relationship with their new firm, Wachovia Securities. They are dissatisfied with Wachovia's approach to technology and worry about forthcoming changes in the compensation grid...
There is no law that says brokers have to be more specialized or more educated to be a success in the industry. The business hasn't and won't change its bottom line: Buy Low, Sell High.-John Barnett, Shearson Loeb Rhoades, Nov./Dec. 1979