Two advisors weigh in on whether the mutual fund watchdog still has fangs
Single clients, especially single females, will soon comprise more of your book. While the basics of planning don’t change for them, they often have different priorities and issues than families, for instance.
Wealth preservation is of utmost importance, but I don’t completely steer toward capital preservation.
In this month's Faceoff, Dan Hallett is Director of Asset Management at HighView Financial Group and Avery Shenfeld, the managing director and chief economist at CIBC World Markets, square off on the issue of bond funds.
Most women are altruistically inclined, irrespective of economic status: A 2010 research conducted by the Women’s Philanthropy Institute at Indiana University showed single women are twice more likely to give to charity than single men.
A lot of single women are concerned about outliving their money. Longevity, however, isn’t the only drag on their assets.
My experience has taught me never to make assumptions about the status or net worth of the people I meet. I’m at my professional best with everyone.
Luxury cars and cozy cottages build a formidable illusion of wealth, but these hallmarks of conspicuous consumption don’t always add up to high net worth. This harsh reality jolts many possession-rich folks when advisors tally assets against liabilities, and reach grim conclusions.
Keeping costs low is the easiest return. I use a lot of ETFs and index funds. Most clients with a timeframe of at least 15 years should be in low-cost, tax-efficient portfolios exposed to a variety of markets such as India and Brazil, and asset classes such as small caps, value stocks, and managed mutual funds.
Our clients are presidents, CEOs and board members who have already been prospected to death. So rather than be in a hurry to make a pitch, we listen. We only approach prospective clients when we have something massively unique for them.