New Practice Management Portal Offers Advice
Industry veterans David J. Drucker and Kristofor R.
Behn have launched Practice Lifecycle LLC, a new practice management
portal for financial advisors. Built and fueled by some of the most
respected practitioners, coaches and consultants in the industry, the
portal is carefully includes information advisors need to make both
day-to-day and long-term strategic practice management decisions.
Financial Advisor magazine will serve as a distribution partner.
"One feature of Practice Lifecycle that makes it so
radically different from other sources of practice management
information is its decision trees and checklists," says co-founder
Behn. By working through the portal‚s decision trees, subscribers can
pinpoint exactly the content and links that meet their needs rather
than taking the needle-in-a-haystack approach so common with most
periodicals and Web-based content. Practice Lifecycle also offers MP3
podcasts of each month‚s feature articles.
"Practice Lifecycle is divided into five segments
that track the advisor‚s passage from practice start-up through growth
and maturation and, eventually, business succession," adds Behn.
Behn and partner David Drucker have an established
history of helping advisors through their consulting firm, Practice
Merger Consultants.
Top names in the industry have agreed to contribute
insights, inspiration and advice, including: Norm Boone, Joel
Bruckenstein, Kevin Condon, Tom Giachetti, David Goad, Brent Hicks,
Deena Katz, Derrick Kinney, Nancy Lininger, Dan Moisand, Eric Schwartz,
D. Shannon, Kirk Hulett and Marie Swift. A full contributor list is
available upon request.
"Regular contributions from today‚s industry leaders
will help advisors operate their practices with a much-needed virtual
business consultant by their side," says Drucker. "Our goal is to level
the playing field for all advisors by offering exclusive access to
industry insiders that will advance the advisor‚s practice."
An annual subscription is $399 ($39.95 for a monthly
payment plan). You may view the Practice Lifecycle portal demo mode at
www.PracticeLifecyle.com.
Services For Top Customers
The Chubb Group of Insurance Companies has launched
Signature Suite, an array of complimentary luxury services for its
high-net-worth and family-office customers. This comprehensive
risk-management program, which includes access to personal security
consultants, travel-safety experts, personal staff advisors and
collections-management tools, is tailored to protect and enhance the
lifestyles of affluent individuals.
Signature Suite offers customers several
risk-mitigation services, including personal and family security,
travel safety and emergency medical, personal staff risk management and
collections management tools. Additional information can be found at
www.chubb.com/personal.
MassMutual Offers Roth 401(k) And 403(b) Accounts With Comprehensive Education Tools
MassMutual Retirement Services will offer the Roth
account option for its 401(k) and 403(b) plans in mid-2006, and has
already begun developing comprehensive educational tools for sponsors,
advisors and participants. The new Roth feature will allow plan
sponsors to offer another tax-advantaged retirement savings option.
MassMutual is developing an extensive education
campaign to guide plan sponsors through the decision-making process. A
Roth Q &A and a white paper are already available on MassMutual's
plan sponsor Web site.
For more information about MassMutual Retirement Services‚ Roth 401(k)
and 403(b) option, please call (888) 626-4911 or visit
http://www.massmutual.com/retire.
Monte Carlo Forecasting Added
Ibbotson Associates has released iPlan 2.0, the
latest version of its Web-based investment planning software, including
Monte Carlo simulation allowing advisors to forecast wealth and income
based on individual client information. The forecast incorporates such
factors as cash flows, minimum required distributions and taxes.
iPlan can be branded with a firm‚s logos and color
schemes, and is designed to incorporate specific product
recommendations. It can also be configured in a variety of ways to
accommodate all the job functions in an organization.
No-Load Global Value Fund
Wintergreen Advisers LLC has introduced the no-load
Wintergreen Fund, a global value offering. It‚s expected that the fund
will invest substantially in foreign securities, perhaps up to 100%.
The minimum investment requirement is $10,000 for regular accounts and
$3,000 for IRA‚s.
For more information, call 1-888-GOTOGREEN (1-888-468-6473) or visit www.WintergreenFund.com.
Lifetime Income Builder
The Hartford Financial Services Group Inc. has
launched The Hartford‚s Lifetime Income Builder, a new guaranteed
minimum lifetime withdrawal feature for its variable annuity products.
An investor who chooses the feature can receive guaranteed return of
principal for themselves or beneficiaries, retirement income that
cannot be outlived and annual review to determine eligibility for
increased income payments.
For more information go to www.thehartford.com.
ADVISOR EMPORIUM
January 1, 2006
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