Insights

Third Quarter 2001|Jim Williams| Watching the abrupt decline in portfolio values after the terrorist attacks was disconcerting, to say the least. The horrible events themselves left many of us with a sense of loss, and a feeling that our personal security was impaired. These emotions were compounded by the reaction of the financial markets. Here's a comparative look at the market impact of several crisis events and the amount of market recovery after the end of the market reaction to the crisis

Second Quarter 2001|Jim Williams| The recently enacted Tax Relief Reconciliation Act of 2001 includes some favorable changes in the law, including income tax changes, education related tax breaks, retirement savings and pension reform, and estate tax relief. While virtually any relief from federal taxes is welcomed, the "back-end loading" of the rate cuts and the "sun-setting" of the estate tax repeal make these changes less exciting than they might otherwise be.

First Quarter 2001|Jim Williams| The returns for the quarter ended and 12-months ended March 2001 were disappointing in historic proportions. An examination of all of the 12-month periods ending on calendar quarters from December 1926 through March 2001 shows that the most recent 12-month period (ended March 2001) was the 15th worst. Is the decline over? Will this pass?

Third Quarter 2000|Jim Williams| You may have noticed that a few weeks ago, USA Today proclaimed that the job of a financial planner was at the top of their list of desirable jobs. I agree, but for different reasons than they cited. Bob Veres, a wise and thoughtful commentator on the financial advisory profession, outlined what he thought financial advisors do for their clients and identified four areas of core value.

Second Quarter 2000|Jim Williams| Recently, the Certified Financial Planner Board of Standards proposed changes to the disclosure rules related to compensation which CFP Designees receive. The biggest change would be that CFP Designees (planners) who receive commissions, trail fees, etc. from third parties would have to disclose in detail the amounts they have received, are receiving and will receive. Why should the client know?

First Quarter 2000|Jim Williams| The pleasing results of the 1st quarter of 2000 are a bit tainted by the decline in the markets over the last week. Is it over? I don't know. Is it the end of the world? Probably not.