Bank Investment Consultant articles from April 2009

Bank Investment Consultant archives from April 2009

What Is the RMD Waiver Worth? The waiver doesn't fix asset recovery issues, but it offers some tax planning opportunities.(Tax Planning)
April 1, 2009... Byline: Michael Kitces On Dec. 23, 2008, the Worker, Retiree and Employer Recovery Act of 2008 (WRERA) was signed into law by President Bush. Nestled among a range of business- and pension-related provisions was an important waiver...

Getting By in the Bayou State.(Branching Out in Louisiana)
April 1, 2009... Byline: In Louisiana BIC: What new opportunities are opening up in your territory? Fontenot: With interest rates this low, clients are open to alternatives to CDs and other bank products, which has certainly helped boost my production....

Advisors In Motion; Ita[euro][TM]s a wild job market out there. Whether youa[euro][TM]re contemplating a change or new hires, herea[euro][TM]s what to expect.(Cover Story)
April 1, 2009... Byline: Howard J. Stock If there is any silver lining to the carnage that has decimated the financial services industry in recent months it's that banks are looking a lot more attractive to advisors of all stripes than they have in the...

Managing Your Emotions; How your feelings can unconsciously undermine your ability to perform at your best.(Driving Sales)
April 1, 2009... Byline: Bill Benjamin You're sitting at your desk. You know you should be calling clients and prospects. But the market stinks, your clients are scared and everyone hates banks. You've got a lot on your plate. * A client is complaining...

Quality Time.(Editor's Note)
April 1, 2009... Byline: Pamela J. Black, Editor in Chief Everyone around me is watching the Dow to see whether it's up or has sunk to new lows. It's all very exciting, and not necessarily in a good way: If you tie your sense of worth-or net worth-to...

Caring for The Caregivers; You can help your clients minister to their elders' needs in old age.(Healthcare)
April 1, 2009... Byline: Molly Prues Increasingly, your clients WILL be elderly or caring for elderly relatives. Helping them with this burden will help them care a lot more about your services. In the U.S., more than 50 million people play the role of...

Are Target-Date Funds Failing? The first target-date funds "mature" next year and the results are not what was expected.(Fund Watch)
April 1, 2009... Byline: Craig L. Israelsen Fifteen years ago, the first target-date funds were introduced. Back then, a target date of 2010 seemed far in the distant future, but now it's a mere seven months away. As this anniversary nears, we looked at...

Lower 529 Withdrawals Show Long-Term Focus.(UpFront News)
April 1, 2009... Byline: Matt Ackermann Investors in 529 college savings plans seem to be holding tight for the most part, according to a report assembled by Financial Research Corp. and released by the College Savings Foundation (CSF) on March 6. ...

Investors Mood Plummets.(UpFront News)
April 1, 2009... Byline: Howard J. Stock After a few months of slight improvement following record doldrums in December, affluent and millionaire investors polled for Spectrem's dual investor sentiment indexes took a dive again in February. Both the...

Financial Planners Earn More.(UpFront News)
April 1, 2009... Byline: Helen Kearney Advisors who focus on creating a financial plan for their clients earn an average of 40% more in revenues and oversee three times as much in assets as their counterparts who don't have planning expertise, according to...

FINRA Launches Whistleblower Office.(UpFront News)
April 1, 2009... Byline: Donna Mitchell Responding to a recent outbreak of financial fraud scandals, the Financial Industry Regulatory Authority (FINRA) has established the Office of the Whistleblower. The service, which started operating in the first...

BISA's Best of Breed.(UpFront News)
April 1, 2009... Byline: Howard J. Stock The Bank Insurance and Securities Association named BancWest Investment Services, Webster Investment Services, Flushing Savings Bank, M&T Securities CEO Sam Guerrieri and longtime legal advisor to BISA Dick Starr as...

Rep Revenue Rises.(UpFront News)
April 1, 2009... Byline: Howard J. Stock December rep productivity rebounded 21% from November's disastrous results, rising to $17,863 from $14,776 a month earlier, according to Bank Insurance and Securities Association benchmarking data released on March...

Recovery by 2010?(UpFront News)
April 1, 2009... Byline: Donna Mitchell Despite the worsening economic recession, a large percentage of investment advisors polled in a recent Charles Schwab study of independent registered investment advisors believe the downturn will end in one to two...

Experts Wanted!(Bankinvestmentconsultant.com)
April 1, 2009... We're in the process of recruiting seasoned industry experts to serve as discussion hosts. Don't worry, it's not a full-time job! Rather, you post the occasional provocative question and check in from time to time to continue the discussion or...

A New Era For Referrals; What you need to know about Regulation R.(Compliance)
April 1, 2009... Byline: Jamie Kosharek Regulation R, adopted by the Securities and Exchange Commission (SEC) and the Federal Reserve Board, should finally put the trust department and investment center on an even playing field when it comes to referral...