Q&A with Kelli Hueler: - Napfa

Kevin Adler, kadler2@earthlink.net
In the Limelight
Owen Murray told the Wall Street
Journal on Aug. 24 that he uses
Marketfield Asset Management’s
Marketfield Fund, a long-short equity
mutual fund, to complement broad market
funds.
In a response to an inquiry on the
CNNMoney “Help Desk” feature, Brian
Pon wrote that a retiree might have to
deviate from the commonly held belief that
a 4-percent annual withdrawal rate is always
sustainable. After a period of poor returns, a
retiree should consider reducing withdrawals
to protect a nest egg, wrote Pon.
A column by Jason Gittins was published
in the North Bay (California) Business
Journal on Sept. 17. Gittins wrote about
how to select a financial advisor, focusing
on method of compensation, fiduciary
obligation, services provided, and advice
provided for clients during the 2008-’09
economic downturn.
The Small Business Administration is
crediting Mary Baldwin for helping
an entrepreneur in Melbourne, FL, turn
around her business after experiencing a
credit crunch in 2009. Baldwin is a board
member of the Women’s Business Center
at Florida Tech, which helped Melbourne
Dancewear find a cheaper retail location
and create a new loyalty discount program,
among numerous innovations.
InvestmentNews spoke with Lauren
Locker during the week she assumed the
chairmanship of NAPFA. Locker said
that she envisions a collaborative process
on key issues, such as the fight over a
self-regulatory organization for financial
advisors.
NAPFA corporate member Modera
Wealth Management LLC has been
named as one of Inc. magazine’s
500/5000 list of America’s fastest
growing companies. Modera employs 31
staff members, including 17 with CFP ®
certification and three Chartered Financial
Analysts.
After NAPFA’s West Conference, Brent
Hunsberger of the Oregonian newspaper
summarized key points about the financial
challenge of living in retirement for
several decades. He quoted Rick Miller
about the importance of Social Security
and Cheryl Krueger on how to estimate a
client’s expected lifespan.
In August, Cathy Curtis merged her firm,
Curtis Financial Planning, with ClearRock
Capital. ClearRock has offices in Sun
Valley and Boise, ID and Palo Alto, CA.
Curtis’s former office in Oakland will
become a new ClearRock office.
Bernie Kiely looked at the 2011 federal
tax return for Mitt Romney and told
AdvisorOne.com that Romney could
have reduced his taxes with some basic
strategies. For example, Romney could
have utilized municipal bonds to produce
tax-exempt interest rather than accruing
more than $3 million of taxable interest
last year.
NAPFA is grateful to all of the advertisers for their support of NAPFA and
the NAPFA Advisor. However, readers should understand that NAPFA can undertake
no duty to perform due diligence about the claims and promises made by advertisers.
Furthermore, admission of a company as an advertiser in the Advisor does not constitute
an endorsement of its services or products by NAPFA. Readers should perform their
own due diligence on any products or services that they use or recommend to their
clients. Nevertheless, an advertiser is expected to advertise only services and products
that have economic viability and that fully comply with applicable law and NAPFA’s
professional standards.
BusinessInsider.com published 15
recommendations from Timothy Hayes
about the college financial aid process.
Among his tips: home equity is not part
of the financial aid calculation, so there is
no advantage to drawing down equity; and
loans are not considered part of a student’s
income, though gifts are.
On Oct. 3, three NAPFA members talked
with the Wall Street Journal about
making the transition from accountant to
financial advisor. Henry Bragg said that
accountants work at a faster pace because
of tax deadlines, but advisors must spend
more time on communications because
they work with clients on a wider range
of issues. Ann Gugle agreed that having
people skills are the critical factor. Ken
Weingarten said that his wife Trina, who
is a CPA, decided against adding a CFP ®
certification.
Advertisers In This Issue
Advisors Asset Management............... 23
Artio Global Management....Inside front
Boston Compliance LLC..................... 27
Centsables............................................. 19
Clayton Capital Partners...................... 33
Cohen and Steers.................................. 17
Jason Wray LLC.................................. 31
Jefferson National................. Inside back
Low-Load Insurance.............................. 7
MAGA.................................................. 32
NCEF.................................................... 29
New Direction IRA.............................. 25
Paradigm................................................. 9
Perkins................................................... 11
Retirement Income Journal................. 30
Ryan Insurance....................................... 4
Select Sectors SPDRs........... Back cover
Sincere & Co./Marketfield.............20-21
Sierra................................................12-13
Sunwest Trust......................................... 1
TD Ameritrade Institutional................ 15
YieldQuest.............................................. 2
36
Napfa Advisor October 2012