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RETIREMENT RETIREMENT PLANNING SEP 10, 2007
Forget Leona Helmsley – far-fetched wills abound

Despite widespread incredulity from the public about the weird details of hotel empress Leona Helmsley’s will, some advisers know that bizarre bequests are not uncommon, having watched their own clients seek to rule their families from beyond the grave.

NEWS INDUSTRY NEWS SEP 10, 2007
Did repeal of the uptick rule unleash market havoc?

The sudden burst of stock market volatility this summer has sparked a finger-pointing exercise that assigns much of the blame to an obscure rule change that makes it easier for traders to sell stocks short.

INVESTING MUTUAL FUNDS SEP 10, 2007
Advisers are seeing bargains in the wake of subprime mess

The subprime-mortgage crisis, pushed along by the high-profile collapse of two Bear Stearns Cos. Inc. hedge funds this summer, is turning out to be a boon for money managers looking to pick up bargains.

NEWS BROKER DEALERS SEP 10, 2007
Pershing snags Tibergien as chief of advisory unit

In a marketing and business coup, Pershing LLC has hired Mark Tibergien, a leading consultant in the financial advice industry.

NEWS INDUSTRY NEWS SEP 10, 2007
High-octane INTECH quant strategy dinged by volatility

INTECH’s large-cap quantitative growth equity strategy, long a high-performance engine for the firm, has been stumbling just as a spike in capital market volatility is raising broader questions about the robustness of quantitative strategies.

NEWS REGULATION AND LEGISLATION SEP 10, 2007
CFP Board targets phony designations

As regulators and Congress scrutinize the proliferation of financial advisory designations aimed at bilking elderly investors, the organization that grants the certified financial planner credential is investigating whether its name is being improperly used by groups that promote bogus certifications.

NEWS OPINION SEP 10, 2007
The computer-driven advice model

The Pension Protection Act provides a good outline of the major components required Over the past year, I have written extensively on provisions of the 2006 Pension Protection Act. Let’s now focus on components of the PPA’s computer-driven advice model.

INVESTING ALTERNATIVES SEP 10, 2007
NFL veteran’s financial strategy relies on rock band, real estate

It’s only nine in the morning on this late-July day, but Tom Ensign’s white dress shirt is already blotted with dark circles of perspiration. Mr. Ensign, president and chief executive of Provest Management Group, is standing on a football field under a blazing-hot sun, which still is rising in a cloudless blue sky. The pungent smell of earth and grass hangs languidly in the hot, thick air.

NEWS INDUSTRY NEWS SEP 10, 2007
A couple’s wealth disparity can foil adviser planning

Ready to discuss the investments in their charitable trusts, a husband and wife — three years into a second marriage for each — sat before Michael C. Walther, a certified financial planner and financial adviser with Balasa Dinverno & Foltz LLC in Itasca, Ill.

RETIREMENT RETIREMENT PLANNING SEP 10, 2007
The pursuit of minority advisers

On Saturday, all eyes at the Financial Planning Association’s annual conference in Seattle were on keynote speaker Christopher Gardner, the financial adviser whose rags-to-riches story was celebrated in the 2006 hit movie “The Pursuit of Happyness,” starring Will Smith.