Anxiety is an instinctively powerful force that stands in the way of good investment decisions. Here are some timeless tips for overcoming its effects. Read more
Bankable Insights: Overcoming Anxiety is Key to Investment Success
Category Archives: Private Wealth Management
42 posts
A Framework for Taming “Wildly Random” Markets
Ashvin Chhabra, chief investment officer at the Institute for Advanced Study, outlined the central tenets of his Wealth Allocation Framework, which builds on Modern Portfolio Theory and behavioral finance. Read more
Book Review: Freedom from Wealth
An innovative collaboration between Charles Lowenhaupt and Don Trone, Freedom from Wealth is intended to guide investors, and those who serve them, in forming more holistic (and prudent) plans for managing wealth. Read more
Take 15: The Good, the Bad, the Ugly of Target-Date Retirement Funds
Although target-date retirement funds are a ubiquitous retirement planning tool, their glide paths vary considerably from one provider to the next. Moreover, the glide paths themselves tend to change over time. Thomas M. Idzorek, CFA, discusses the problems associated with benchmarking these instruments and outlines a glide path stability score. Read more
Book Review: Pension Finance
M. Barton Waring has succeeded in creating one of the definitive works on the structure and management of defined benefit plans. This indispensable guide for pension advisers dispels any notion of easy solutions to the problems of defined benefit plans, especially underfunding. His sensible solutions are within our grasp if we choose to accept them. Read more
Take 15: A New Take on Behavioral Finance
Greg B. Davies discusses his new book “Behavioral Investment Management: An Efficient Alternative to Modern Portfolio Theory” and explains the concept of “behavioralizing finance” and the implications for the wealth management industry. Read more
The Facts on FATCA: New Rules Set to Reshape Global Wealth Management
Are we witnessing the beginning of the end for bank secrecy laws? Regulators in the United States and Europe have been chipping away at bank secrecy for some time now. But two recent developments suggest that efforts are not only intensifying but also becoming more globally coordinated. Read more
What Do Clients Want? Five Tips for Better Adviser-Client Relationships
We often hear the phrase “trusted adviser,” but is “trust” at the heart of the adviser-client relationship? Advisers only lose trust when they promise things they can’t control, according to Deena Katz, an associate professor in the Personal Financial Planning department at Texas Tech University. Read more
Take 15: Defining, Motivating, and Achieving Client Engagement
Developing a flow of steady referrals that help an adviser to grow his or her practice is a perpetual challenge. Julie Littlechild, president and founder of Advisor Impact, discusses how enhancing client engagement can support referrals and how to increase the likelihood that your clients become your most ardent advocates. Read more
Private Wealth Roundup: Investors Cold on “Fee-Based” Advisers
Are you a “fee-based” financial adviser who uses the term with clients and prospects? You’re nodding your head? Uh-oh. Read more