Industry News

Fund sales bounce back

(December 2, 2004) Investors returned to mutual funds in November, with IFIC estimating net sales of around $250 million. In its preliminary report, IFIC estimates net sales of between $50 million and $450 million. That’s an improvement from the previous two months, when net redemptions reached close to $600 million. Total industry assets are expected […]

By Doug Watt |December 2, 2004

1 min read

Advisor Forum preview: Dealing with sudden wealth

(December 1, 2004) For most people, a million-dollar-plus inheritance would be a dream come true. But there are a number of pitfalls to an inheritance of that size. That’s where advisors can offer valuable assistance to heirs, says tax expert Tim Cestnick. “The larger the inheritance is, the greater are the challenges your client will […]

By Doug Watt |December 1, 2004

3 min read

Clients need guidance on allocation

(December 1, 2004) This season can be one of the most hectic times of year — on top of the holiday planning and prepping the household for winter, it’s also year-end tax planning time. So, while you have your clients’ attention, why not throw portfolio rebalancing at them? There’s a good chance portfolios are in […]

By Steven Lamb |December 1, 2004

3 min read

DC plan members need custom advice

(November 30, 2004) Making investment choices without qualified guidance can lead to mistakes, most financial advisors agree, but when these choices form the basis of a pension plan, the results can be disastrous. Yet many participants enrolled in defined contribution (DC) pension plans lack that important guidance. Some of them crave advice, while others may […]

By Steven Lamb |November 30, 2004

3 min read