Practice

Where to find wealthy prospects

Advisors often wonder where they can find wealthy clients. It turns out, they’re all hanging out on social media, with rich investors spending an average of 9 hours per week on their phones, 12 hours on their tablets and 22 hours on computers.

April 17, 2012

2 min read

Estate Planning

Deconstructing wealth

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.

By Kanupriya Vashisht |April 16, 2012

8 min read

Industry

Turn online reviews into referrals

Due to the continued growth of mobile Internet usage and the torrent of apps and platforms being produced, consumers are increasingly looking to online reviews and websites to find trusted businesses and services, according to the 2012 Local Consumer Review Survey.

April 16, 2012

2 min read

Industry

Online fraudsters headed for prison

The owners of a dot-com firm are headed to prison for fraud and conspiracy. With the help of two stock promoters, father-daughter duo Nasser and Sholeh Hamedani tricked investors into purchasing 2.7 million shares of their company, The Children’s Internet, at a cost of about $5.5 million. The pair defrauded investors by stating the company’s […]

April 9, 2012

2 min read

Lack of leadership stunts business growth

The majority of corporate executives (75%) question whether their senior executive teams possess the appropriate mix of skills to generate growth for their companies and seek out global opportunity in the coming year, according to the latest executive survey by The Korn/Ferry Institute.

April 5, 2012

2 min read

Charitable tax credits flexible after death

The income tax act provides that a charitable gift gives rise to a donation tax credit in the calendar year in which the gift was made. And, to the extent the donation tax credit is not claimed in that year, it may be carried forward and claimed in any of the donor’s five succeeding taxation years.

3 min read

Advisor confidential | David R. Bruce

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.

2 min read

Practice

Where to find wealthy prospects

Deconstructing wealth

Turn online reviews into referrals

Online fraudsters headed for prison

Why to focus on specific clients

Lack of leadership stunts business growth

A hard look at the soft side

Hiring a family member

Charitable tax credits flexible after death

Advisor confidential | David R. Bruce