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    <title>Evan Simonoff's FA Blog</title>
    <description><![CDATA[<p>
<img src="images/stories/Simonoff_EvanCC122008.jpg" border="0" alt="Evan Simonoff's Blog" title="Evan Simonoff's Blog" hspace="10" width="72" align="left" />Evan
Simonoff is editor-in-chief and editorial director of <em>Financial Advisor</em>
magazine, as well as editorial director of <em>Private Wealth</em> magazine. He
has spent more than 15 years as an editor and reporter covering the
financial services industry. Evan is a widely recognized expert on
personal finance and investments.Â 
</p>
<hr width="100%" size="2" />]]></description>
    <link>http://www.fa-mag.com/fa-blogs/evan-simonoff-fa-blog</link>
    <copyright>Copyright 2013 Financial Advisor Magazine</copyright>
    <language>en-us</language>
    <lastBuildDate>Sun, 19 May 2013 23:43:37 -0400</lastBuildDate>
    <generator>FAMag Feed Generator</generator>
    <item>
      <title>Non-Believing Advisors Could Get Steamrolled By Bull</title>
      <description><![CDATA[The bull market that gets no respect could start claiming some big RIAs as victims if it stays on course. Certainly, the RIA and brokerage communities contain thousands of advisors who, often in agreement with clients, view the raging bull market as a Fed-induced Ã�ï¿½Ã¯Â¿Â½Ã�ï¿½Ã�Â¢Ã�ï¿½Ã�Â¯Ã�ï¿½Ã�Â¿Ã�ï¿½Ã�Â½Ã�ï¿½Ã�Â¯Ã�ï¿½Ã�Â¿Ã�ï¿½Ã�Â½sugar highÃ�ï¿½Ã¯Â¿Â½Ã�ï¿½Ã�Â¢Ã�ï¿½Ã�Â¯Ã�ï¿½Ã�Â¿Ã�ï¿½Ã�Â½Ã�ï¿½Ã�Â¯Ã�ï¿½Ã�Â¿Ã�ï¿½Ã�Â½ or some variant of that theme.
	Ã�ï¿½Ã¯Â¿Â½Ã�Â¯Ã�Â¿Ã�Â½Ã�ï¿½Ã¯Â¿Â½Ã�ï¿½Ã�Â 
	More than a few are designing client portfolios accordingly.]]></description>
      <link>http://www.fa-mag.com/news/non-believing-advisors-could-get-steamrolled-by-bull-14284.html</link>
      <pubDate>2013-05-15 13:00:00</pubDate>
    </item>
    <item>
      <title>Keynes, Ferguson And Mad Men Economists</title>
      <description><![CDATA[]]></description>
      <link>http://www.fa-mag.com/news/keynes--ferguson-and-mad-men-economists-14238.html</link>
      <pubDate>2013-05-09 12:30:00</pubDate>
    </item>
    <item>
      <title>A Talk With Ron Paul</title>
      <description><![CDATA[]]></description>
      <link>http://www.fa-mag.com/news/a-talk-with-ron-paul-14171.html</link>
      <pubDate>2013-05-02 17:00:00</pubDate>
    </item>
    <item>
      <title>Gundlach On Japanese Stocks' QE Watusi; A 'Jerk Tax' For NYC Real Estate</title>
      <description><![CDATA[]]></description>
      <link>http://www.fa-mag.com/news/gundlach-on-japanese-stocks--qe-watusi--a--jerk-tax--for-nyc-real-estate-13953.html</link>
      <pubDate>2013-04-11 17:00:00</pubDate>
    </item>
    <item>
      <title>Bogle: Buy And Hold Works Despite Prospect Of 50% Decline</title>
      <description><![CDATA[IÃ�Â¢Ã¯Â¿Â½Ã¯Â¿Â½ve always admired Vanguard founder Jack Bogle, so it was amusing to see him on CNBC earlier this week reiterating his conviction that buy-and-hold will work even though it is entirely possible that the market could experience another 50 percent decline in the next decade. He threw the CNBC gang into a new tizzy, but he is right.
	
	Bogle actually remarked that a couple of declines of 25 percent or 30 percent were more likely in the next decade, but he expected equities to double in price over that period, taking the S&P 500 to 3,000.]]></description>
      <link>http://www.fa-mag.com/news/bogle--buy-and-hold-works-despite-prospect-of-50--decline-13835.html</link>
      <pubDate>2013-04-03 11:30:00</pubDate>
    </item>
    <item>
      <title>Patel: Could Commodities Cool Down Big Time?</title>
      <description><![CDATA[Conventional wisdom holds that commodities and commodity stocks typically outperform the rest of the pack in the late stages of a bull market. But Margie Patel, managing director and senior portfolio manager at Wells Capital Management, thinks this time is different.

	Why? By now, everyone is just beginning to realize new technologies for extracting oil and natural gas are going to stand the energy business on its head over the next decade.]]></description>
      <link>http://www.fa-mag.com/news/patel--could-commodities-cool-down-big-time-13683.html</link>
      <pubDate>2013-03-19 10:30:00</pubDate>
    </item>
    <item>
      <title>Milton Friedman, Libertarian Lunacy, And Unlicensed Brain Surgeons</title>
      <description><![CDATA[As someone who studied economics and once considered making a career out of it, I've always found Milton Friedman to be one of the most intriguing thinkers of the 20th century. He received a Nobel Prize for conceiving the concept of the velocity of money -- a fascinating idea that holds measuring how quickly various units of money change hands reveals a great deal about the business environment, from animal spirits to inflation potential.
	
	So a few months ago, I did some reading about his early background and discovered that he devoted his doctoral thesis to critiquing medical licensing boards.]]></description>
      <link>http://www.fa-mag.com/news/milton-friedman--libertarian-lunacy--and-unlicensed-brain-surgeons-13468.html</link>
      <pubDate>2013-02-27 10:00:00</pubDate>
    </item>
    <item>
      <title>When America Becomes Florida</title>
      <description><![CDATA[In only seven years, all of America will look exactly like Florida does today, at least on the age spectrum.]]></description>
      <link>http://www.fa-mag.com/news/when-america-becomes-florida-13186.html</link>
      <pubDate>2013-01-25 12:00:00</pubDate>
    </item>
    <item>
      <title>Gundlach On Tax Polarization, Going Short The S&amp;P 500, Apple</title>
      <description><![CDATA[If mean reversion is truly an immutable law of investing, then investors might want to consider shorting the S&P 500 and going long Japan's Nikkei index, DoubleLine CEO Jeffrey Gundlach remarked yesterday. The reason is simple math.]]></description>
      <link>http://www.fa-mag.com/news/gundlach-on-tax-polarization--going-short-the-s-p-500--apple-13033.html</link>
      <pubDate>2013-01-09 11:00:00</pubDate>
    </item>
    <item>
      <title>Grantham's Attack On GDP Growth Misses The Mark</title>
      <description><![CDATA['Clean coal,' according to GMO's Jeremy Grantham, is a big lie worthy of Nazi propagandist Joseph Goebbels. On this count, he is accurate, even if his choice of metaphors is intentionally hysterical. Not even the politicians who endorse the concept every four years believe their own hooey.

But in his latest quarterly newsletter, Grantham parlays several acute observations into a grand Doomsday theory of an environmental apocalypse that stretches credulity. He calculates that carbon emissions have increased global temperatures by 0.8 degrees centigrade, or 40 percent of the 2 degrees centigrade that would cause very serious damage.]]></description>
      <link>http://www.fa-mag.com/news/grantham-s-attack-on-gdp-growth-misses-the-mark-12663.html</link>
      <pubDate>2012-11-27 12:30:00</pubDate>
    </item>
    <item>
      <title>Schwab, KKR's Roberts Voice Concern On Obama Tone, Optimism On U.S.</title>
      <description><![CDATA[Discount brokerage pioneer Chuck Schwab and KKR co-founder George 
Roberts voiced frustration with President Obama's suddenly strident 
post-election tone but indicated they thought the U.S. economy would 
eventually overcome obstacles posed by partisan politics.]]></description>
      <link>http://www.fa-mag.com/news/-schwab-kkrs-roberts-voice-concern-on-obama-tone-optimism-on-us-12596.html</link>
      <pubDate>2012-11-15 15:14:00</pubDate>
    </item>
    <item>
      <title>Liz Ann Sonders Asks: Is The Stock Market Home To The New Vigilantes?</title>
      <description><![CDATA[Judging from Wednesday's 312-point drop in the Dow Jones Industrial 
Average, the equity market could be replacing the bond market as the new
"vigilantes" who try to drive some sense into Washington, says Schwab's 
chief investment strategist Liz Ann Sonders.]]></description>
      <link>http://www.fa-mag.com/news/liz-ann-sonders-asks-is-the-stock-market-home-to-the-new-vigilantes-12521.html</link>
      <pubDate>2012-11-08 00:00:00</pubDate>
    </item>
    <item>
      <title>Meredith Whitney Sees Boom In Central U.S. Corridor</title>
      <description><![CDATA[This energy- and agriculture-rich region characterized by low tax rates 
and debt levels is poised to grow at a much faster rate than other parts
of the country where tax rates and debt levels are much higher, Meredith Whitney says.]]></description>
      <link>http://www.fa-mag.com/news/meredith-whitney-sees-boom-in-central-us-corridor-12334.html</link>
      <pubDate>2012-10-22 19:00:20</pubDate>
    </item>
    <item>
      <title>Pity The Poor Banks</title>
      <description><![CDATA[Now the regulators fine them! I never thought I'd write a piece 
criticizing regulators for belatedly piling on the big banks and fining 
them half a decade after the financial crisis in which they played such a
central role.]]></description>
      <link>http://www.fa-mag.com/news/pity-the-poor-banks-12232.html</link>
      <pubDate>2012-10-09 16:20:19</pubDate>
    </item>
    <item>
      <title>Black Swans: A 28% Chance Of Speaker Pelosi?</title>
      <description><![CDATA[Intrade makes the odds of a President Romney 26 percent, almost the same as the odds for a Speaker Pelosi, 28 percent. Yikes!]]></description>
      <link>http://www.fa-mag.com/news/black-swans-a-28-chance-of-speaker-pelosi-12090.html</link>
      <pubDate>2012-09-27 16:01:53</pubDate>
    </item>
    <item>
      <title>Ben Stein, Ray Lucia And The Annuities Gang</title>
      <description><![CDATA[It's hard to believe that California advisor Ray Lucia-now facing SEC charges related to his "Buckets of Money" investment strategy-really saved Ben 
Stein from suicide "many a night," as Stein has said, but there is 
little doubt that Stein's belief in Lucia's message and investment 
philosophy is sincere.]]></description>
      <link>http://www.fa-mag.com/news/ben-stein-ray-lucia-and-the-annuities-gang-11926.html</link>
      <pubDate>2012-09-12 16:40:33</pubDate>
    </item>
    <item>
      <title>When A CFP Licensee Files For Bankruptcy</title>
      <description><![CDATA[The hard line the CFP Board is adopting with 
bankrupt CFP licensees is a sign of the profession's increasing 
maturity.]]></description>
      <link>http://www.fa-mag.com/news/when-a-cfp-licensee-files-for-bankruptcy-11835.html</link>
      <pubDate>2012-09-05 16:43:11</pubDate>
    </item>
    <item>
      <title>It's Not Just Facebook: Is Social Media Finance Toast?</title>
      <description><![CDATA[It's not just that another 1.44 billion shares of Facebook will become 
available for sale between now and November. Or that Facebook, with its 
stock down 50 percent, remains one of the better-performing social media
stocks. A much bigger problem is confronting the social media world.]]></description>
      <link>http://www.fa-mag.com/news/its-not-just-facebook-is-social-media-finance-toast-11668.html</link>
      <pubDate>2012-08-20 20:33:44</pubDate>
    </item>
    <item>
      <title>George Will On Entitlement Crisis, Welfare State Death Spiral</title>
      <description><![CDATA[The United States is replicating the mistakes of the 1930s' New Deal and causing "the death spiral of the welfare state," where taxes must go up to pay ever-increasing entitlement costs, George Will says.]]></description>
      <link>http://www.fa-mag.com/news/george-will-on-entitlement-crisis-welfare-state-death-spiral-11517.html</link>
      <pubDate>2012-08-02 15:13:08</pubDate>
    </item>
    <item>
      <title>Sanford Weill Calls For Bank Breakup, Glass-Steagall Renewal</title>
      <description><![CDATA[I nearly spat up a few bits of Cheerios at the boob tube in 
disbelief this morning when I heard former Citigroup CEO Sandy Weill call for 
breaking up the nation's biggest banks and essentially reinstating 
Glass-Steagall.]]></description>
      <link>http://www.fa-mag.com/news/sanford-weill-calls-for-bank-breakup-glass-steagall-renewal-11420.html</link>
      <pubDate>2012-07-25 16:29:50</pubDate>
    </item>
    <item>
      <title>Investing At Commodities Brokerages Is Nuts</title>
      <description><![CDATA[The stunning disappearance of client funds at three commodities 
brokerages-Refco, MF Global and now Peregrine-over the last seven years 
has to be prompting many advisors to ask why a client should ever be 
allowed to place money in one of these institutions.]]></description>
      <link>http://www.fa-mag.com/news/investing-at-commodities-brokerages-is-nuts-11239.html</link>
      <pubDate>2012-07-10 15:42:12</pubDate>
    </item>
    <item>
      <title>Possible Solutions To Geezer Advisors Ruining The Business For Young</title>
      <description><![CDATA[He may only have been making his point with hyperbole, but when Mark 
Tibergien told attendees at Pershing's annual Insite conference that 
older advisors were not only burning out younger colleagues in their 
firms but "ruining" them for the entire industry by driving them to 
switch professions, he struck a chord.]]></description>
      <link>http://www.fa-mag.com/news/possible-solutions-to-geezer-advisors-ruining-the-business-for-young-10969.html</link>
      <pubDate>2012-06-12 15:55:57</pubDate>
    </item>
    <item>
      <title>This Business Remains Deeply Divided</title>
      <description><![CDATA[Despite the FPA's best efforts to give the advisory profession one voice, the organization's RIA and brokerage contingents continue to drift further and further apart.]]></description>
      <link>http://www.fa-mag.com/news/this-business-is-deeply-divided-10902.html</link>
      <pubDate>2012-06-05 16:39:10</pubDate>
    </item>
    <item>
      <title>Private Equity Firms Swarm RIA Space For Acquisitions</title>
      <description><![CDATA[Several sources said that Summit Partners had 
retained Goldman Sachs to explore the sale of Focus Financial Partners. Word has it the proposed Lee-Edelman transaction has piqued the interest of private equity investors in the RIA space.]]></description>
      <link>http://www.fa-mag.com/news/is-summit-looking-to-sell-focus-financial-10699.html</link>
      <pubDate>2012-05-16 15:42:03</pubDate>
    </item>
    <item>
      <title>Jeb Bush: Prepare For Taxmageddon; What Elizabeth Warren Doesn't Get</title>
      <description><![CDATA[Whether President Obama wins or loses, former Florida Governor Jeb Bush 
notes that there is "ample evidence" our current president is "no Bill 
Clinton."]]></description>
      <link>http://www.fa-mag.com/news/jeb-bush-prepare-for-taxmageddon-what-elizabeth-warren-doesnt-get-10599.html</link>
      <pubDate>2012-05-07 18:58:15</pubDate>
    </item>
    <item>
      <title>Do We Need Finra As An SRO For RIAs?</title>
      <description><![CDATA[New legislation to anoint a self-regulatory organization for RIAs has sparked 
the predictable firestorm. Compounding the controversy is the fact that 
brokerage organizations have endorsed 
Finra as the logical alternative to be that SRO.]]></description>
      <link>http://www.fa-mag.com/news/do-we-need-finra-as-an-sro-for-rias-10486.html</link>
      <pubDate>2012-04-27 17:10:37</pubDate>
    </item>
    <item>
      <title>Fuss Joins Bond Gurus Fink, Gross Favoring Equities</title>
      <description><![CDATA[Is there a new Nifty Fifty looming on the equity market's horizon? 
Loomis Sayles vice chairman Dan Fuss hinted that there might be some 
variant of that phenomenon from the late 1960s and early 1970s, as he 
told attendees at the firm's annual press briefing that he was 
increasingly confident that equities would outperform bonds over the 
next few decades.]]></description>
      <link>http://www.fa-mag.com/news/fuss-joins-bond-gurus-fink-gross-favoring-equities-10340.html</link>
      <pubDate>2012-04-12 20:07:59</pubDate>
    </item>
    <item>
      <title>Beyond The 1% Noise</title>
      <description><![CDATA[Occupy Wall Street came and 
went, but two recent books shed far more light than the protesters on the twin topics of increasing 
income inequality and middle-class downward mobility that have festered 
beneath the surface of the national debate.]]></description>
      <link>http://www.fa-mag.com/news/beyond-the-1-noise-9988.html</link>
      <pubDate>2012-03-07 17:41:34</pubDate>
    </item>
    <item>
      <title>Black Rock's Fink: Extend Cap Gains Holding Period To 3 Years, Cut Rates Gradually</title>
      <description><![CDATA[With a short-term mentality practically paralyzing individuals and 
corporations, the U.S. should extend the capital gains tax holding 
period from one year to three years and gradually reduce the rate over time for investors who hold onto their investments 
for progressively longer time periods, Black Rock CEO Larry Fink told 
the Council of Foreign Relations today.]]></description>
      <link>http://www.fa-mag.com/news/black-rocks-fink-extend-cap-gains-holding-period-to-3-years-cut-rates-gradually-9909.html</link>
      <pubDate>2012-02-29 20:01:52</pubDate>
    </item>
    <item>
      <title>Carmen Reinhart Takes Down NYT's Krugman And WSJ's Righties</title>
      <description><![CDATA[Almost all advanced economies are burdened with enough debt to remain 
vulnerable to double-dip recessions, according to Carmen Reinhart. 
Moreover, the obtuse, intensely ideological prescriptions proffered by
such luminaries as Paul Krugman in the NYT, and Stanford's John Taylor 
and Harvard's Robert Barro in the WSJ, reveal little more than how 
the powerful vortex of today's debates have driven the finest economic 
minds to succumb to silliness.]]></description>
      <link>http://www.fa-mag.com/news/carmen-reinhart-takes-down-nyts-krugman-and-wsjs-righties-9614.html</link>
      <pubDate>2012-02-01 14:27:00</pubDate>
    </item>
    <item>
      <title>Why Do Leaders Fail And Crash In Flames?</title>
      <description><![CDATA[In a compelling presentation at FSI's OneVoice conference, Dr. Stephen Mansfield listed 10 common reasons why leaders crash and burn.]]></description>
      <link>http://www.fa-mag.com/news/why-do-leaders-fail-and-crash-in-flames-9543.html</link>
      <pubDate>2012-01-25 18:52:03</pubDate>
    </item>
    <item>
      <title>The Real Private Equity Story</title>
      <description><![CDATA[Alan Greenspan thinks private equity is the investment vehicle of the 
21st century. Newt Gingrich and Rick Perry think they are "looters" 
practicing predatory capitalism. Both arguments oversimplify some very 
complex issues and miss the point.]]></description>
      <link>http://www.fa-mag.com/news/the-real-private-equity-story-9449.html</link>
      <pubDate>2012-01-18 17:38:17</pubDate>
    </item>
    <item>
      <title>Is Fed Policy Fueling Ponzi Schemes Aimed At Seniors?</title>
      <description><![CDATA[We'll never know how many Ponzi schemes and other criminal activities revolving around investment fraud would have been uncovered in the past three years if the financial crisis had not sent investors scrambling to recoup their dwindling funds. Still, it is a safe bet that if equities 
had fallen by a relatively modest 20% in 2008, at least a few more bad guys would still be at large.]]></description>
      <link>http://www.fa-mag.com/news/is-fed-policy-fueling-ponzi-schemes-aimed-at-seniors-9311.html</link>
      <pubDate>2012-01-03 17:12:06</pubDate>
    </item>
    <item>
      <title>Grantham: No Market For Young Men</title>
      <description><![CDATA[In his latest quarterly letter, Jeremy Grantham postulates that if the 
Standard & Poor's 500 overcorrects like the average of the past 10 
great (pre-Greenspan) equity bubbles, the index could remain mired 
beneath its current 1,250 level for the next decade. Yet as he implicitly acknowledges, this is unlikely to happen.]]></description>
      <link>http://www.fa-mag.com/news/grantham-no-market-for-young-men-9093.html</link>
      <pubDate>2011-12-05 21:31:42</pubDate>
    </item>
    <item>
      <title>Top Lawyer Sees Problems With Custodians' Loans To RIAs</title>
      <description><![CDATA[At a time when many custodians are setting up lending programs to help 
RIAs finance acquisitions and internal succession, a top lawyer sees the
programs as problematic.]]></description>
      <link>http://www.fa-mag.com/news/top-lawyer-sees-problems-with-custodians-loans-to-rias-8987.html</link>
      <pubDate>2011-11-22 18:05:04</pubDate>
    </item>
    <item>
      <title>Gross, Blair Offer Divergent Views On Capitalism's Future</title>
      <description><![CDATA[Ask a former British Labour leader and an Orange County Republican about
the future of capitalism, and the answers shouldn't be surprising. 
Unless those two individuals are Tony Blair and Bill Gross.]]></description>
      <link>http://www.fa-mag.com/news/gross-blair-offer-divergent-views-on-capitalisms-future-8895.html</link>
      <pubDate>2011-11-10 17:12:59</pubDate>
    </item>
    <item>
      <title>Many Millionaires Give Occupy Wall Street Protesters, Buffett Credibility</title>
      <description><![CDATA[Surprise, surprise. Even if the Occupy Wall Street protesters find it 
challenging to articulate precisely what they want, 35% of millionaires 
surveyed by Spectrem Group say they are making "a good and valid point."]]></description>
      <link>http://www.fa-mag.com/news/many-millionaires-give-occupy-wall-street-protesters-buffett-credibility-8782.html</link>
      <pubDate>2011-10-28 14:12:30</pubDate>
    </item>
    <item>
      <title>The Mark Spangler Affair: An Ecuador Vacation Postponed</title>
      <description><![CDATA[One of the more damning pieces of information the FBI has against former Napfa President Mark Spangler 
is an affidavit that claims he had planned to travel to Ecuador on September 25.]]></description>
      <link>http://www.fa-mag.com/news/the-mark-spangler-affair-an-ecuador-vacation-postponed--8688.html</link>
      <pubDate>2011-10-20 14:34:39</pubDate>
    </item>
    <item>
      <title>TD's Bradley: SEC Does HAVE The Resources To Oversee RIAs</title>
      <description><![CDATA[After oversight of RIAs with less than $100 million in assets under 
management is transferred to the states, the SEC will have 18 to 20 
examiners for every RIA firm with over $100 million in AUM, according to TD Ameritrade Institutional CEO Tom Bradley.]]></description>
      <link>http://www.fa-mag.com/news/tds-bradley-sec-does-have-the-resources-to-oversee-rias-8630.html</link>
      <pubDate>2011-10-13 15:21:41</pubDate>
    </item>
    <item>
      <title>JP Morgan's Kelly: Recession Odds 25% Thanks To Policy Blunders</title>
      <description><![CDATA[David Kelly, chief market strategist at JP Morgan Asset Management, is 
raising his odds on a U.S. recession to 25%, thanks largely to what he 
considers policy blunders by U.S. politicians in both parties and their 
counterparts in Europe. ]]></description>
      <link>http://www.fa-mag.com/news/jp-morgans-kelly-recession-odds-25-thanks-to-policy-blunders-8472.html</link>
      <pubDate>2011-09-27 19:51:36</pubDate>
    </item>
    <item>
      <title>Jobs: Reagan &amp; Clinton vs. Bush &amp; Obama</title>
      <description><![CDATA[During Ronald Reagan's presidency, the U.S. economy created 18 million 
new jobs. During Bill Clinton's two terms, that figure was 22 million. 
How are our 21st century presidents doing?]]></description>
      <link>http://www.fa-mag.com/news/jobs-reagan-a-clinton-vs-bush-a-obama-8276.html</link>
      <pubDate>2011-09-08 15:54:41</pubDate>
    </item>
    <item>
      <title>Are Aging Boomers Bad For Equities?</title>
      <description><![CDATA[An intriguing study from the San Francisco Federal Reserve Bank has 
postulated that the aging of the baby boom generation will act as a 
depressant for equity prices for the next 15 years or so. I question the
study.]]></description>
      <link>http://www.fa-mag.com/news/are-aging-boomers-bad-for-equities-8151.html</link>
      <pubDate>2011-08-25 15:47:48</pubDate>
    </item>
    <item>
      <title>Eisner Sounds Off On Looters, Income Redistribution And Partnerships</title>
      <description><![CDATA[Former Disney CEO Michael Eisner told his hostess that if her taxes didn't go up, there would be 
looters climbing over the walls to her mansion to take all sorts of 
trinkets and other goodies. He then told the audience she probably was 
sorry she invited him.]]></description>
      <link>http://www.fa-mag.com/news/eisner-sounds-off-on-looters-income-redistribution-and-partnerships-8012.html</link>
      <pubDate>2011-08-10 19:25:52</pubDate>
    </item>
    <item>
      <title>LPL's Kleintop: U.K., French Downgrades Could Be Next</title>
      <description><![CDATA[The United Kingdom and France could be the next nations to face 
downgrades on their sovereign debt. That was the message LPL Financial's
chief market strategist Jeffrey Kleintop had for LPL-affiliated 
advisors at the firm's annual conference yesterday in Chicago.]]></description>
      <link>http://www.fa-mag.com/news/lpls-kleintop-uk-french-downgrades-could-be-next-7993.html</link>
      <pubDate>2011-08-09 14:39:37</pubDate>
    </item>
    <item>
      <title>Fed To Buy Houses? Get Real About QE3</title>
      <description><![CDATA[Some of the ideas to jump start the anemic U.S. economy-for that matter 
the global economy-are getting ludicrous. Yesterday I heard the usually 
sane and sober Barton Biggs, managing partner of Traxis Partners, 
suggest on Bloomberg TV that the Fed go out and buy single-family homes.]]></description>
      <link>http://www.fa-mag.com/news/fed-to-buy-houses-get-serious-about-qe3-7965.html</link>
      <pubDate>2011-08-04 14:18:38</pubDate>
    </item>
    <item>
      <title>Smart Advisors Loaded Up On Gold</title>
      <description><![CDATA[I've always thought gold was a fool's investment--good for little else 
besides jewelry--but when three of the smartest advisors I know have 10%
of clients' assets invested in the precious metal, it's time to 
reconsider.]]></description>
      <link>http://www.fa-mag.com/news/smart-advisors-loaded-up-on-gold-7834.html</link>
      <pubDate>2011-07-20 15:26:27</pubDate>
    </item>
    <item>
      <title>Putnam's Harlow Surprised By 10% Optimal Retirement Equity Allocation</title>
      <description><![CDATA[If advisors were stunned by a finding from the Putnam Institute that the
optimal retirement portfolio's equity allocation should be between 5% 
and 25%, they weren't alone. The study's author was also quite surprised.]]></description>
      <link>http://www.fa-mag.com/news/putnams-harlow-surprised-by-10-optimal-retirement-equity-allocation-7674.html</link>
      <pubDate>2011-06-30 00:00:00</pubDate>
    </item>
    <item>
      <title>Richard Bernstein: The U.S. May Be The Best Place To Invest</title>
      <description><![CDATA[Distracted by headlines, financial advisors and other U.S. investors may
be missing the best investment opportunity for the next decade: U.S. equities, says Richard Bernstein.]]></description>
      <link>http://www.fa-mag.com/news/richard-bernstein-the-us-may-be-the-best-place-to-invest-7603.html</link>
      <pubDate>2011-06-23 16:28:34</pubDate>
    </item>
    <item>
      <title>George W. Bush: Free At Last!</title>
      <description><![CDATA[The former president showed his well-known sense of humor and his less well-known sense of perspective at the Pershing annual Insite conference.]]></description>
      <link>http://www.fa-mag.com/news/george-w-bush-gordon-brown-offer-optimism-on-arab-spring-7507.html</link>
      <pubDate>2011-06-10 15:08:24</pubDate>
    </item>
    <item>
      <title>Women And Men: How Different Are We Really?</title>
      <description><![CDATA[In early May, I had the opportunity to attend an intriguing session at a
conference that dealt with the subject of money and gender, 
specifically women. Two female advisors who specialized in working with 
women gave a presentation that turned out to be both compelling and 
controversial.]]></description>
      <link>http://www.fa-mag.com/news/women-and-men-how-different-are-we-really-7309.html</link>
      <pubDate>2011-05-18 16:05:21</pubDate>
    </item>
    <item>
      <title>Bill Gross Shows All His Cards</title>
      <description><![CDATA[News that Pimco's legendary Bill Gross is launching an active ETF that will be managed in a style 
very similar to his mammoth Total Return funds raised more than a few 
eyebrows. That's because Gross will now have to post his holdings every 
day.]]></description>
      <link>http://www.fa-mag.com/news/bill-gross-goes-for-total-portfolio-exposure-7110.html</link>
      <pubDate>2011-04-21 15:39:16</pubDate>
    </item>
    <item>
      <title>Jeff Gundlach: Get Ready For The Taxes-Are-Too-Damn-Low Party</title>
      <description><![CDATA[The next major political party in this nation will be the 
Taxes-Are-Too-Damn-Low Party, DoubleLine Capital CEO Jeffrey Gundlach 
told his clients and shareholders on Tuesday.]]></description>
      <link>http://www.fa-mag.com/news/jeff-gundlach-get-ready-for-the-taxes-are-too-damn-low-party-7073.html</link>
      <pubDate>2011-04-14 18:36:18</pubDate>
    </item>
    <item>
      <title>Dan Fuss: A 20-Year Bear Market For Bonds Is Starting</title>
      <description><![CDATA[The odds are five out of six, or about 83%, that interest rates will 
rise, albeit with breaks and intervals, for the next 20 years, 
according to Loomis Sayles vice chairman Dan Fuss. The first inning has 
yet to start, but the pitchers are throwing their final warm-ups in the 
bullpen, he explained.]]></description>
      <link>http://www.fa-mag.com/news/dan-fuss-a-20-year-bear-market-for-bonds-is-starting-7021.html</link>
      <pubDate>2011-04-06 16:37:11</pubDate>
    </item>
    <item>
      <title>Jeb Bush: Immigration Reform Could Power An Economic Recovery</title>
      <description><![CDATA[An immigration policy consistent with America's heritage and highest 
ideals could dramatically spur economic growth and solve many of our 
problems, former Florida Governor Jeb Bush told attendees at the first Annual Innovative Real Estate Strategies conference.]]></description>
      <link>http://www.fa-mag.com/news/jeb-bush-immigration-reform-could-power-economic-recovery-6990.html</link>
      <pubDate>2011-03-30 19:37:51</pubDate>
    </item>
    <item>
      <title>Grantham Mayo: Japan To Recover, Global Equities Overvalued</title>
      <description><![CDATA[The meltdown at the Fukushima Daiichi nuclear plant has prompted many financial commentators and others to plant their feet firmly in their mouths.]]></description>
      <link>http://www.fa-mag.com/news/as-meltdown-crisis-heigtens-some-declare-economy-a-ok-6885.html</link>
      <pubDate>2011-03-17 17:47:06</pubDate>
    </item>
    <item>
      <title>Are China's Dictators Next To Go?</title>
      <description><![CDATA[In case you hadn't noticed, 2011 is less than two months old and it's already turning out to be a very tough year for the planet's dictators. Yesterday, the British Foreign Secretary William Hague was quoted in The Times of London saying that Muammar Qaddafi was on a plane from Libya to Venezuela to commiserate with Hugo Chavez. That turned out to be wrong, which is good for me, since I still have a $20 bet that Muammar will end up bunking in one of Silvio Berlusconi's brothels in Corsica or Sardinia.]]></description>
      <link>http://www.fa-mag.com/news/are-chinas-dictators-next-to-go-6730.html</link>
      <pubDate>2011-02-22 17:12:28</pubDate>
    </item>
    <item>
      <title>Siegel Sees Some Bull Left In Bull Market</title>
      <description><![CDATA[Even though equity prices have broken through their pre-Lehman levels, 
Wharton School of Finance professor Jeremy Siegel told TD Ameritrade Institutional's annual conference in San Diego he still thinks there is 
quite a bit of bull left in the current bull market.]]></description>
      <link>http://www.fa-mag.com/news/siegel-sees-some-bull-left-in-bull-market-6663.html</link>
      <pubDate>2011-02-04 14:14:20</pubDate>
    </item>
    <item>
      <title>Gundlach: Muni Market Is In Denial</title>
      <description><![CDATA[Is the municipal bond market in the same state of denial as the equity 
and mortgage-backed securities markets were in late 2007? Jeffrey 
Gundlach, the founder of Doubleline who put together a track record at 
Trust Company Of The West rivaling the likes of Bill Gross and Dan Fuss,
thinks it is.]]></description>
      <link>http://www.fa-mag.com/news/gundlach-muni-market-is-in-denial-6593.html</link>
      <pubDate>2011-01-25 17:31:04</pubDate>
    </item>
    <item>
      <title>Is Everyone's Enthusiasm Just A Little Too Bullish?</title>
      <description><![CDATA[Larry Kudlow is downright delirious on CNBC. Byron Wien at Blackstone 
thinks the S&P 500 will hit 1,500 at some point this year. The CEO 
of temp-agency Manpower predicts we will see a huge hiring burst any 
month now. Normally cautious Bob Doll at Black Rock is upbeat about 
the economy and the financial  markets for 2011.  Austin Goolsbee at the
White  House  is boasting that  the  1.3  million  private  sector jobs
created  in 2010  is significantly greater  than the U.S. economy experienced in the first year of the last two recoveries.]]></description>
      <link>http://www.fa-mag.com/news/is-everyones-enthusiasm-just-a-little-too-bullish-6517.html</link>
      <pubDate>2011-01-07 17:01:46</pubDate>
    </item>
    <item>
      <title>Anti-QE2 Hysteria Based On 'Unfathomable Misunderstanding'</title>
      <description><![CDATA[Most of the world is under the mistaken belief that the Fed is "printing money and spraying it around the world," Anthony Crescenzi, senior vice president and market strategist at Pimco, said during a panel discussion at The Advisor Money Show in Orlando, Fla.]]></description>
      <link>http://www.fa-mag.com/news/anti-qe2-hysteria-based-on-unfathomable-misunderstanding-6299.html</link>
      <pubDate>2010-11-23 21:39:08</pubDate>
    </item>
    <item>
      <title>LIABILITY MANAGEMENT TRUMPS STYLE BOXES, RISK TOLERANCE</title>
      <description><![CDATA[The first problem that financial advisors need to address with clients 
approaching retirement isn't risk tolerance; it's finding investments 
that can match their liabilities, or living expenses.]]></description>
      <link>http://www.fa-mag.com/news/liability-management-trumps-style-boxes-risk-tolerance-6237.html</link>
      <pubDate>2010-11-10 16:42:02</pubDate>
    </item>
    <item>
      <title>Memo To PIMCO: The Old Normal Wasn't Normal</title>
      <description><![CDATA[What was so normal about the old normal? Buying a house with no 
financial documentation?  A negative savings rate? Three billion credit-card solicitations in one 
year? That was what Mellody Hobson, president of Ariel Investments, asked 
attendees at Schwab Advisor Services' annual Impact conference in Boston. ]]></description>
      <link>http://www.fa-mag.com/news/memo-to-pimco-the-old-normal-wasnt-normal-6140.html</link>
      <pubDate>2010-10-27 14:48:40</pubDate>
    </item>
    <item>
      <title>Putnam's Reynolds Sees Federal Insurance Regulation</title>
      <description><![CDATA[Bob Reynolds, chairman and CEO of Boston-based Putnam Investments, said 
that the wave of regulations coming out of Washington won't end in 2010.
Speaking at the Innovation and Growth Forum sponsored by Spectrem Group
and FA magazine on October 13, Reynolds predicted that the U.S. will 
have a federal insurance regulator next year.]]></description>
      <link>http://www.fa-mag.com/news/putnams-reynolds-sees-federal-insurance-regulation-6108.html</link>
      <pubDate>2010-10-19 19:25:07</pubDate>
    </item>
    <item>
      <title>TD's Bradley On Small RIA Mergers And CNBC</title>
      <description><![CDATA[It's still unclear what regulatory reform will look like, but Tom
Bradley, CEO of TD Ameritrade's institutional unit, says small RIA
firms may need to consider merging with other firms or outsourcing
legal, compliance and other operations.]]></description>
      <link>http://www.fa-mag.com/news/tds-bradley-on-small-ria-mergers-and-cnbc-6080.html</link>
      <pubDate>2010-10-11 17:59:35</pubDate>
    </item>
    <item>
      <title>Ibbotson On The Amazing Illiquidity Premium</title>
      <description><![CDATA[Few pieces I've ever written generated as much interest as Financial 
Advisor's Big Picture column in the September issue on Roger Ibbotson's 
research into the amazing premium the stock market would appear to accord illiquid 
equities. I recently followed up by asking Dr. Ibbotson what were the characteristics of companies that outperform.]]></description>
      <link>http://www.fa-mag.com/news/ibbotson-on-the-amazing-illiquidity-premium-5988.html</link>
      <pubDate>2010-09-28 16:08:23</pubDate>
    </item>
    <item>
      <title>Arnott: Double-Dip Odds 50% Plus, Beware Reflation</title>
      <description><![CDATA[Despite a series of economic reports pointing to a continuing anemic 
recovery, Research Affiliates founder Rob Arnott believes the odds of a 
double-dip recession remain above 50%.]]></description>
      <link>http://www.fa-mag.com/news/arnott-double-dip-odds-50-plus-beware-reflation-5924.html</link>
      <pubDate>2010-09-14 15:55:10</pubDate>
    </item>
    <item>
      <title>Sensible Capital Gains Tax Treatment</title>
      <description><![CDATA[The way the U.S. government taxes capital gains makes little sense. That
in itself is not surprising. But it is counter-productive when it comes
to long-term capital formation.]]></description>
      <link>http://www.fa-mag.com/news/sensible-capital-gains-tax-treatment-5886.html</link>
      <pubDate>2010-09-07 20:59:48</pubDate>
    </item>
    <item>
      <title>Ready For Reckoning</title>
      <description><![CDATA[It is an unfortunate fact that we live in a world of imbalances. Three years ago, the global economy was dependent on American consumers 
shopping until they dropped, which they finally have. Today, that same 
world economy is dependent on China building a city the size of Houston 
every two months. Something is wrong with this picture and people everywhere are realizing it.]]></description>
      <link>http://www.fa-mag.com/news/ready-for-reckoning-5811.html</link>
      <pubDate>2010-08-18 16:54:42</pubDate>
    </item>
    <item>
      <title>Corzine Sees GOP House Takeover In November</title>
      <description><![CDATA[Unless something major happens in the next three months, the first 
Tuesday in November won't be "much fun for Democrats," according to former 
New Jersey Gov. Jon Corzine. ]]></description>
      <link>http://www.fa-mag.com/news/corzine-sees-gop-house-takeover-in-november-5768.html</link>
      <pubDate>2010-07-30 15:50:19</pubDate>
    </item>
    <item>
      <title>Grantham: Europe Rejects Keynes For Hoover</title>
      <description><![CDATA[When it comes to the art of being a silver-tongued purveyor of doom, 
Nouriel Roubini can't hold a candle to Jeremy Grantham. So when Grantham
voices concerns that Europe is jettisoning the economic policies of 
Keynes for those of Herbert Hoover, I take him more seriously than, say,
Paul (One-Note) Krugman.]]></description>
      <link>http://www.fa-mag.com/news/grantham-europe-rejects-keynes-for-hoover-5706.html</link>
      <pubDate>2010-07-20 15:58:12</pubDate>
    </item>
    <item>
      <title>Has Hurley Fueled Advisors' Delusions?</title>
      <description><![CDATA[As I reread the interview I did with Fiduciary Network CEO Mark Hurley 
in the July issue, it suddenly dawned on me how prescient many of his 
observations were, particularly about the benefits and pitfalls 
associated with potential acquirers of RIA firms. At the same time, I 
couldn't help but wonder how much he had contributed to the delusional 
suspicions among many RIAs that their businesses were worth a fortune.]]></description>
      <link>http://www.fa-mag.com/news/has-hurley-fueled-advisors-delusions-5675.html</link>
      <pubDate>2010-07-08 21:24:34</pubDate>
    </item>
    <item>
      <title>Paul Newman, George Soros And the Crumbling Euro</title>
      <description><![CDATA[Watching events unfold in Greece and the rest of Europe over the last 
month, I couldn't help but think of a scene from the 1981 movie, Fort
Apache, The Bronx, in which Paul Newman plays a cynical, jaded cop.
After a bad dude from a nasty gang is arrested, the police station is 
surrounded by his posse chanting, "Let the brother go."]]></description>
      <link>http://www.fa-mag.com/news/paul-newman-george-soros-and-the-crumbling-euro-5466.html</link>
      <pubDate>2010-05-19 17:20:18</pubDate>
    </item>
    <item>
      <title>Advisors' Lawsuit Nightmare: The Untold Story</title>
      <description><![CDATA[A financial advisor who occasionally moonlights as an expert witness recently told me that he had many more requests to testify than he can handle. As the financial services business emerges from the Great Recession, we 
continue to discover new details about how the global economy came so 
close to something even worse than what we've experienced. Books by 
Michael Lewis, Vicky Ward, Charles Gasparino, and Andrew Ross Sorkin are
taking great pains to spell out how this perfect storm unfolded.]]></description>
      <link>http://www.fa-mag.com/news/advisors-lawsuit-nightmare-the-untold-story-5334.html</link>
      <pubDate>2010-04-16 20:24:43</pubDate>
    </item>
    <item>
      <title>Animal Spirits: The Last Time Capital Gains Taxes Rose</title>
      <description><![CDATA[If all goes according to expectations, next year the federal tax rate on
capital gains will rise for the first time in 23 years from 15% to 20%.
Though the past isn't always a distant mirror, it's worth taking a walk
back in time to 1986 and revisit what happened in that era.]]></description>
      <link>http://www.fa-mag.com/news/animal-spirits-the-last-time-capital-gains-taxes-rose-5254.html</link>
      <pubDate>2010-03-25 17:10:23</pubDate>
    </item>
    <item>
      <title>The Dollar Thrives As The Un-Euro</title>
      <description><![CDATA[Since this decade has commenced a few short months ago, the U.S. dollar
has defied conventional wisdom and appreciated fairly dramatically.
Suddenly, it's the un-Euro, according to Loomis Sayles global
fixed-income guru Dave Rolley.]]></description>
      <link>http://www.fa-mag.com/news/the-dollar-thrives-as-the-un-euro-5212.html</link>
      <pubDate>2010-03-10 21:53:20</pubDate>
    </item>
    <item>
      <title>B-Ds Trade RIA Merger Horror Tales</title>
      <description><![CDATA[What's the real story behind RIA mergers? Some are successful, but in general the picture isn't pretty.]]></description>
      <link>http://www.fa-mag.com/news/b-ds-trade-ria-merger-horror-tales-5067.html</link>
      <pubDate>2010-02-02 15:36:13</pubDate>
    </item>
    <item>
      <title>Charlie Cook: GOP Might Regain The House</title>
      <description><![CDATA[There is about a 30% chance the Republican Party could regain control of the House of Representatives, according to Democratic strategist Charlie Cook.]]></description>
      <link>http://www.fa-mag.com/news/charlie-cook-gop-might-regain-the-house-4960.html</link>
      <pubDate>2010-01-12 17:18:10</pubDate>
    </item>
    <item>
      <title>Is Goldilocks Back?</title>
      <description><![CDATA[On December 13, my morning was boring enough that I watched former Fed
Chairman Alan Greenspan make an appearance on a show that has earned
the soubriquet, Meet The Depressed. 

Like most prognosticators, the once Sphinx-like Greenspan's reputation
has taken a bit of a hit recently. But since he is a serious student of
economic history who was a child during the Great Depression, I wanted
to hear his perspective, especially because he can now tell us what he
really thinks.]]></description>
      <link>http://www.fa-mag.com/news/is-goldilocks-back-4828.html</link>
      <pubDate>2009-12-15 18:22:48</pubDate>
    </item>
    <item>
      <title>Experts: FINRA Will Fail To Win RIA Control</title>
      <description><![CDATA[At a regional meeting in New York sponsored by TD Ameritrade
Institutional, several experts on regulatory affairs agreed that FINRA
was likely to fail in its attempt  to gain control over RIA regulation.]]></description>
      <link>http://www.fa-mag.com/news/experts-finra-will-fail-to-win-ria-control-4536.html</link>
      <pubDate>2009-10-20 16:37:07</pubDate>
    </item>
    <item>
      <title>Liz Ann Sonders Meets The Sad News Bears</title>
      <description><![CDATA[Speaking at this year's Schwab Impact conference, Schwab's chief market
strategist Liz Ann Sonders painted a surprisingly upbeat picture of the
economic recovery. While Schwab does not require her to make economic
growth forecasts, she said she wouldn't be surprised if GDP growth
exceeded 3% over the next few quarters.]]></description>
      <link>http://www.fa-mag.com/news/sad-news-bears-4417.html</link>
      <pubDate>2009-09-18 13:30:07</pubDate>
    </item>
    <item>
      <title>Clients Demanding Insured Investments</title>
      <description><![CDATA[For years, many sophisticated financial advisors and others have taken
a very dim view of insured investment products, like variable
annuities. The high internal fees, combined with juicy commissions and
complex withdrawal rules, have spawned a relentless series of articles
in the consumer press castigating VAs as bad investments. Yet in the wake of last year's market meltdown, clients are searching as never before for guaranteed investment products that protect principal.]]></description>
      <link>http://www.fa-mag.com/news/clients-demanding-insured-investments-4271.html</link>
      <pubDate>2009-07-23 20:51:28</pubDate>
    </item>
    <item>
      <title>SEC's Schapiro Hints At Exemption For Some 'Fiduciaries'</title>
      <description><![CDATA[While advocating that both RIAs and brokers should be held to a
fiduciary standard, SEC Chairman Mary Schapiro hinted that the agency
might have to allow exemptions from that standard for certain brokerage
activities.]]></description>
      <link>http://www.fa-mag.com/news/secs-schapiro-hints-at-exemption-for-some-fiduciaries-4196.html</link>
      <pubDate>2009-06-19 14:22:46</pubDate>
    </item>
    <item>
      <title>Siegel: Rally In Equities Has &quot;Lots Of Legs Left&quot;</title>
      <description><![CDATA[The current rally in equity prices still "has a lot of legs left,"
Wharton School of Finance professor Jeremy Siegel told attendees at
Pershing's annual INSITE conference in Hollywood, Fla., on June 5.]]></description>
      <link>http://www.fa-mag.com/news/siegel-rally-in-equities-has-qlots-of-legs-leftq-4167.html</link>
      <pubDate>2009-06-08 14:19:35</pubDate>
    </item>
    <item>
      <title>Jim Putman, Me And Regulation's Future</title>
      <description><![CDATA[As of this writing, Jim Putman, CEO and majority owner of Appleton,
Wisc.-based Wealth Management Inc., is an innocent man. I say this not
because he once gave me a ride to an airport after an industry event.]]></description>
      <link>http://www.fa-mag.com/news/jim-putman-me-and-regulations-future-4120.html</link>
      <pubDate>2009-05-26 16:31:54</pubDate>
    </item>
    <item>
      <title>Obama Following Bush Playbook</title>
      <description><![CDATA[Watching certain self-appointed spokesmen for free markets like Jack
Welch howl with outrage about government involvement in business has a
certain comical element to it. So does the spectacle of Michael Moore
and Rush Limbaugh trading places as bellyacher-in-chief.]]></description>
      <link>http://www.fa-mag.com/news/obama-following-bush-playbook-4107.html</link>
      <pubDate>2009-05-19 15:42:57</pubDate>
    </item>
    <item>
      <title>Steve Forbes: Recovery Coming; Beware A V.A.T. Tax</title>
      <description><![CDATA[There is "no reason" why the economy can't return to where it was 21
months ago in the summer of 2007, Forbes CEO Steve Forbes told
attendees at JP Morgan Asset Management's 11th annual wealth management
conference.]]></description>
      <link>http://www.fa-mag.com/news/steve-forbes-recovery-coming-beware-a-vat-tax-4082.html</link>
      <pubDate>2009-05-08 13:34:18</pubDate>
    </item>
    <item>
      <title>Small Firm M&amp;A: Still Strong</title>
      <description><![CDATA[With the stocks of leading publicly traded consolidators like NFP and
Boston Private down by more than 75% over the last year and bank
lending for acquisitions slowing to a trickle, M&A activity in the
RIA space has slowed significantly. However, sources say that among
smaller and mid-sized firms, there is still lots of talking and there
is more activity than one might think.]]></description>
      <link>http://www.fa-mag.com/news/small-firm-maa-still-strong-4048.html</link>
      <pubDate>2009-04-28 21:22:49</pubDate>
    </item>
    <item>
      <title>The SEC, RIA Ponzi Schemes and Fee-Only Purity</title>
      <description><![CDATA[The rash of Ponzi schemes involving RIAs, unregistered advisors and
brokers raises many questions about regulators and advisors, and most
of them are troubling. Why were so many regulators, not to mention
supposedly sophisticated investors, asleep at the wheel before Madoff
struck? Are some new entrants to the advisory business bringing a
pump-and-dump, boom-boom room culture into what was a pretty clean
world, at least by the standards of the financial services business?]]></description>
      <link>http://www.fa-mag.com/news/the-sec-ria-ponzi-schemes-and-fee-only-purity-4032.html</link>
      <pubDate>2009-04-23 19:58:37</pubDate>
    </item>
    <item>
      <title>Buy And Hold Under Fire</title>
      <description><![CDATA[Back in February, I spent an hour interviewing FPA's Robert Rodriguez,
who made no effort to disguise his contempt for advisors, pension
consultants and others who had dropped his fund because he could not
find enough stocks selling at reasonable prices in early 2008 and had
let cash build up in his portfolio. Rodriguez was so disgusted with
everything-from asset management industry orthodoxy, to American
consumers' penchant for living beyond their means, to politicians in
both parties spending money they didn't have-that a month later he
announced he was taking a sabbatical in 2010.]]></description>
      <link>http://www.fa-mag.com/news/buy-and-hold-under-fire-4008.html</link>
      <pubDate>2009-04-14 16:17:25</pubDate>
    </item>
    <item>
      <title>FINRA Flirting With The 'F' Word</title>
      <description><![CDATA[In Congressional testimony and in a series of interviews last week, SEC
chairwoman Mary Schapiro and FINRA CEO Richard Ketchum started to
provide their blueprint for a new regulatory system of the future.
Nobody was surprised to hear the two longtime colleagues call for a
"harmonization" of regulations between brokers and investment advisors.]]></description>
      <link>http://www.fa-mag.com/news/finra-flirting-with-the-f-word-3986.html</link>
      <pubDate>2009-04-03 13:40:38</pubDate>
    </item>
    <item>
      <title>Chris Davis: Let Shareholders Weigh In On Exec Pay</title>
      <description><![CDATA[In late February, I spent an afternoon interviewing Selected Funds'
Chris Davis and the interview touched upon a variety of subjects, which
you can read about in the April issue of Financial Advisor. Executive
pay was not the front-page issue it is at this moment, but the subject
did come up as we discussed the rise of what he called a
"pseudo-populist, anti-business environment."]]></description>
      <link>http://www.fa-mag.com/news/chris-davis-let-shareholders-weigh-in-on-exec-pay-3944.html</link>
      <pubDate>2009-03-27 13:57:00</pubDate>
    </item>
    <item>
      <title>Why Populist Outrage Will Get Worse</title>
      <description><![CDATA[Watching the spectacle of buffoons in Congress fall all over themselves
this week raging over the absurd bonuses at AIG, one could only hope
that we were witnessing the level of populist outrage reach its zenith,
or more accurately, its nadir. Unfortunately, it's going to get worse.]]></description>
      <link>http://www.fa-mag.com/news/why-populist-outrage-will-get-worse-3927.html</link>
      <pubDate>2009-03-20 13:17:49</pubDate>
    </item>
    <item>
      <title>FINRA's Ketchum Lusting To Regulate RIAs</title>
      <description><![CDATA[By all accounts, FINRA's new CEO Rick Ketchum is an honorable "public
servant" who has spent most of his life working hard to make our
financial markets a better place. It's no secret that the folks at
FINRA would like to take over RIA regulation from the SEC, and with
former FINRA CEO Mary Schapiro now running the SEC, their chances look
better than ever.]]></description>
      <link>http://www.fa-mag.com/news/finras-ketchum-lusting-to-regulate-rias-3906.html</link>
      <pubDate>2009-03-13 13:34:54</pubDate>
    </item>
    <item>
      <title>Prominent Short Sellers Turn Bullish</title>
      <description><![CDATA[As stock prices collapsed this week to levels not seen for 12 years, a
small chorus of experts, including several prominent short sellers,
either called a bottom or said it was near. Were their calls bold or
easy? We'll see.]]></description>
      <link>http://www.fa-mag.com/news/prominent-short-sellers-turn-bullish-3889.html</link>
      <pubDate>2009-03-06 14:12:53</pubDate>
    </item>
    <item>
      <title>FBI Investigating 500 Alleged Ponzi Schemes?</title>
      <description><![CDATA[It can't be confirmed, but word has it that the FBI is currently
investigating about 500 alleged Ponzi schemes. Few of them will rival
the mega-frauds of Bernie Madoff and Allen Stanford, but the cumulative
effect is going to be far-reaching. And the proliferation of scams
seems so pervasive that it's only a matter of time before a Ponzi
scheme is playing at a theater near you, even if you live in rural
South Dakota.]]></description>
      <link>http://www.fa-mag.com/news/fbi-investigating-500-alleged-ponzi-schemes-3870.html</link>
      <pubDate>2009-02-26 18:12:05</pubDate>
    </item>
    <item>
      <title>Banks Look Like Dead Men Walking</title>
      <description><![CDATA[A stress test for Citigroup? Surely, they jest. It would be like asking
Ralph Kramden, that is Jackie Gleason, to run a three-hour marathon.

Yesterday's news that the U.S. government might increase its equity
stake in the giant bank sent bank stocks higher for the first time in a
long time. But overall, American equities gave up another 3.5%.]]></description>
      <link>http://www.fa-mag.com/news/banks-look-like-dead-men-walking-3843.html</link>
      <pubDate>2009-02-24 14:03:08</pubDate>
    </item>
    <item>
      <title>Jim Cramer, Doubling Down And Value Traps</title>
      <description><![CDATA[I have a confession: Every few weeks, I watch Jim Cramer for 10-15 minutes.

One evening in late 2008, I heard him confess to an investing mistake
that millions of amateur investors and thousands of professional ones
have made in the last 15 months.


With great candor, Cramer was describing the meteoric fall of the
once white-hot copper manufacturing stock, Freeport McMoran (FCX), by
all accounts a great company. Cramer talked about how he played it, and
though I can't swear by every detail, he deserves credit for admitting
the error.]]></description>
      <link>http://www.fa-mag.com/news/jim-cramer-doubling-down-and-value-traps-3830.html</link>
      <pubDate>2009-02-19 18:50:16</pubDate>
    </item>
    <item>
      <title>First Pacific's Rodriguez: Buy And Hold A Fool's Game</title>
      <description><![CDATA[First Pacific Advisors CEO Robert Rodriguez is the only money manager
ever to win Morningstar's manager of the year award in both the equity
and fixed-income categories. In 2008, he and longtime associate Tom
Atteberry shared the fixed-income award. So the chance to hear his
latest views over breakfast last week turned out to be an illuminating
experience.]]></description>
      <link>http://www.fa-mag.com/news/fpas-rodriguez-buy-and-hold-is-a-fools-game-3823.html</link>
      <pubDate>2009-02-17 15:41:26</pubDate>
    </item>
    <item>
      <title>Advisor Turns Rage On Karl Rove</title>
      <description><![CDATA[Last Friday, February 6, an outstanding TD Ameritrade conference suddenly turned into a WWF-like smackdown event when an advisor, trembling with rage, lashed out at former White House advisor Karl Rove. Billed as a left-right political debate between Rove and retired General Wesley Clark, both men began the general session with partisan opening statements. Clark lamented the decline of American prestige, power and prosperity during the past eight years, making clear who was responsible for it, while Rove ridiculed the then-proposed stimulus bill, intimating that the new neophyte president had already let his agenda be hijacked by extremists in his own party.]]></description>
      <link>http://www.fa-mag.com/news/advisors-turn-rage-on-karl-rove-3819.html</link>
      <pubDate>2009-02-13 15:00:57</pubDate>
    </item>
    <item>
      <title>Comprehensive Financial Planning = Crazy?</title>
      <description><![CDATA[For several decades, the profession's leading practitioners have
described their work as comprehensive financial planning. According to
Stark & Stark attorney Tom Giachetti, they are asking for it,
meaning lawsuits.]]></description>
      <link>http://www.fa-mag.com/news/comprehensive-financial-planning-crazy-3801.html</link>
      <pubDate>2009-02-09 19:26:33</pubDate>
    </item>
    <item>
      <title>Black Rock's Doll: Feds Will Buy Equities, If Needed</title>
      <description><![CDATA[Speaking at TD Ameritrade's annual conference in Las Vegas, Black Rock Vice Chairman Bob Doll told attendees that "if the Fed needs to buy stocks on the floor of the New York Stock Exchange, they will go there."]]></description>
      <link>http://www.fa-mag.com/news/black-rocks-doll-feds-will-buy-equities-if-need-3798.html</link>
      <pubDate>2009-02-08 20:59:55</pubDate>
    </item>
    <item>
      <title>Advisors' Trillion-Dollar Opportunity</title>
      <description><![CDATA[Last week I had the opportunity to speak with one of the smartest financial advisors I know, J. Michael Martin of Financial Advantage in Columbia, Md. Like many observers, he believes we are experiencing a huge downshift in consumer spending, a reset that could reduce the consumer's contribution to GDP by as much as 10%.]]></description>
      <link>http://www.fa-mag.com/news/advisors-trillion-dollar-opportunity-3785.html</link>
      <pubDate>2009-02-02 21:26:51</pubDate>
    </item>
    <item>
      <title>Grantham: 2009 Will Be The Worst Year of Our Lives</title>
      <description><![CDATA[When it comes to commentary on the economy and the financial markets, there is no more entertaining grouch, grump and grinch than GMO's Jeremy Grantham. Call him what you want, but whenever Grantham's quarterly commentary appears in my e-mail, it's always worth a read.]]></description>
      <link>http://www.fa-mag.com/news/grantham-2009-will-be-the-worst-year-of-our-lives-3750.html</link>
      <pubDate>2009-01-26 20:32:42</pubDate>
    </item>
    <item>
      <title>More Scams Expected</title>
      <description><![CDATA[Hardly a day goes by without another report of a hedge fund manager disappearing, a broker jumping out of a plane and faking his death or a hedge fund closing with virtually zero assets. As Warren Buffett says, when the tide goes out we find out who is wearing a bathing suit and who isn't.]]></description>
      <link>http://www.fa-mag.com/news/more-scams-expected-3739.html</link>
      <pubDate>2009-01-21 18:01:31</pubDate>
    </item>
    <item>
      <title>Jack Brennan In The Wings?</title>
      <description><![CDATA[When rumors surfaced that President-elect Obama would nominate Tim Geithner as Treasury Secretary in late November, the stock market rallied 5% in a few hours. Since then, Geithner's role in formulating economic policy has been overshadowed by Larry Summers, and many have viewed the Treasury nominee as executor of policy and little more.]]></description>
      <link>http://www.fa-mag.com/news/jack-brennan-in-the-wings-3732.html</link>
      <pubDate>2009-01-19 15:54:38</pubDate>
    </item>
    <item>
      <title>Is The Next Bubble In The Works?</title>
      <description><![CDATA[Speaking in Boca Raton, Fla., at the 2nd Annual Inside ETFs conference on Monday, economist Ed Yardeni told attendees that since there are SDS and SRS ETFs, maybe someone should create an SOS ETF.]]></description>
      <link>http://www.fa-mag.com/news/is-the-next-bubble-in-the-works-3719.html</link>
      <pubDate>2009-01-12 20:59:43</pubDate>
    </item>
    <item>
      <title>Principle-Based Regulation</title>
      <description><![CDATA[Mary Schapiro's appointment as chair of the Securities and Exchange Commission is already triggering lots of whispering, little of it positive, in the financial advisor community. Some independent RIAs are grousing that despite her posture as a tough enforcer, Schapiro is secretly the broker-dealer's best friend and more interested in expanding her regulatory fiefdom than in reforming a broken regulatory system. Consumer advocates go further, maintaining that while Schapiro is an intelligent and decent person, she is part and parcel of that broken system, having served as Chief Poohbah of every other agency, from the CFTC to the NASD to the recently created FINRA. Now after two decades in DC, she is poised to ascend to the apex of a regulatory bureaucracy that has failed so miserably.]]></description>
      <link>http://www.fa-mag.com/news/evan-somonoffs-fa-blog-3696.html</link>
      <pubDate>2009-01-09 00:00:00</pubDate>
    </item>

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