Practical analysis for investment professionals
07 September 2012

Private Wealth Roundup: Positivity, Pot Trusts, and Successful People

News junkies have had their fill over the past couple of weeks with Hurricane Isaac making landfall in Louisiana on the anniversary of Hurricane Katrina, the RNC in Tampa, Florida, and the DNC in Charlotte, North Carolina. In between the political headlines were plenty of good stories for financial advisers. Here are some of my favorite reads, in case you missed them.

Behavioral Finance

Wealth Management Services

Practice Management and Process


  • How much should a new retiree spend each year? Mike Finke tackles this question in a piece on balancing retirement risks. (AdvisorOne)

Investing in Real Assets

  • Is there a bubble in farmland investing? U.S. Trust Specialty Asset Management group believes the answer is no. But if the question is “Are some people paying bubble prices?” the answer is yes. (U.S. Trust Strategic Insights)

Trust and Estate Planning

  • Should your client set up a pot trust for his or her children? A what? Relax, as attorney Jeramie J. Fortenberry points out, “this has nothing to do with illegal herbal recreation. . . . Pot trusts are designed to equitably distribute assets to a group of children with a range of ages.” (Death & Taxes)

Tax Planning

And now for something completely different:

For more news and trends, visit the Private Wealth Management Community of Practice.

Please note that the content of this site should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute.

About the Author(s)
Lauren Foster

Lauren Foster was a content director on the professional learning team at CFA Institute and host of the Take 15 Podcast. She is the former managing editor of Enterprising Investor and co-lead of CFA Institute’s Women in Investment Management initiative. Lauren spent nearly a decade on staff at the Financial Times as a reporter and editor based in the New York bureau, followed by freelance writing for Barron’s and the FT. Lauren holds a BA in political science from the University of Cape Town, and an MS in journalism from Columbia University.

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