The obvious answer is that most of that money is "new money" from people who have not purchased investment advice in the past.  This, of course, makes sense; people who might not be inclined to pay 1% of their assets, or who can't meet a $500,000 minimum, or who aren't comfortable in a delegator role, are going to see Wealthfront as a less expensive alternative where they have more control over their portfolio management.  This suggests that many thousands of people are getting their first taste of professionally-managed portfolios.  They're in the early stages of becoming potential advisory clients.

One can safely speculate about the outcome.  As non-wealthy customers accumulate more assets, they will inevitably start asking questions that an online service provider can't answer, related to planned giving and estate planning, IRA rollovers, Roth conversions and, most basically, whether they can afford to retire or switch careers to something less demanding and stressful.  At that point, they may be inclined to ask a professional (human) advisor for guidance, leading to a larger pool of prospective clients in the future.

The online investment services are not unaware of this potential for clients to migrate from a non-sticky low-advice model to comprehensive planning firms.  Personal Capital and LearnVest already incorporate financial advisory services. At different ends of the cost spectrum, Edelman Financial and Vanguard's online platform were both built with on-call advisors in the loop.  Others will follow suit.  "We intend to add financial planning tools in Version 2 or 3, so we can link financial plans to the portfolios and create an end-to-end solution," says Steve Lockshin, founder of B+ Institutional Services, which is the distributor of Betterment Institutional to the advisor community.



With Markells support, a new committee will begin a review of Delawares tax base next month. The new panel is being formed by the Delaware Economic and Financial Advisory Council, the public-private committee that produces revenue estimates for state government.

Meeting on Monday, DEFAC predicted tax revenues would be off $17 million over the next two years. Markell and lawmakers must use the committees estimates when compiling the annual budget.

Joshua Martin, a Delaware lawyer and chairman of DEFAC, said the new committee will report back to the General Assembly and Markell by spring 2015.

The Delaware economy has seen good growth but that growth is not reflected in our revenues, said Martin, who will chair the panel. Too many of our revenue sources are becoming too difficult to forecast and manage.

Ken Lewis, a University of Delaware economics professor who will also serve on the new committee, said the group will consider recommendations for new taxes, as well as ways to broaden taxes already imposed by the state.

Nothing is off limits, Lewis said.

Well consider anything, Lewis said. We want to explore all of our options, understand all our options.

Contact Jonathan Starkey at 983-6756, on Twitter @jwstarkey or at This email address is being protected from spambots. You need JavaScript enabled to view it..

*Correction: Cost of teachers salaries and other personnel costs are up 73 percent since 2004. That number was miscalculated in an earlier version of this story.



Canamex appoints financial advisory specialist Michael Pesner to its board Thursday, December 18, 2014 by Deborah Bacal

Canamex Resources(CVE:CSQ) (OTCQX:CNMXF) has appointed Michael Pesner to its board of directors, effective immediately.

Pesner is currently the president of Hermitage Canada Finance Inc., a firm specializing in financial advisory services, including Mamp;A, divestitures and restructuring. He spent 26 years as a partner at KPMG and predecessor firms, Canamex said, and currently sits on the board of several resource companies, includingRichmont Mines,Quest Rare Mineralsand Alexandria Minerals.

As an accomplished professional in the areas of finance and accounting, Michael brings a wealth of experience to the board of Canamex, as we move forward with our Bruner Gold Project in Nye County, Nevada, said chief executive officer Mark Billings.

Last month, Canamex said it uncovered a new gold zone at the Paymaster target area on its Bruner gold project, as part of an ongoing reverse circulation drilling program. Of the highlights, hole B-1457 intersected 16.7 metres of 9.94 grams per tonne (g/t) gold, while hole B-1460 hit 7.6 metres grading 9.98 g/t gold.

The gold explorer will continue to drill this target area next year. Earlier in November, Canamex appointed chairman Billings as its new chief executive officer, replacing interim CEO Hahn, who took over the role when previous chief executive Bob Kramer passed away in May.

Billings was until recently a senior executive and director atArgex Titanium, a Montreal-based near-term producer of titanium oxide. He co-founded Argex in 2007.

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ATLANTA, Dec. 16, 2014 /PRNewswire/ --GV Financial Advisors is one of only three registered financial advisory firms (RIAs) in Georgia to make the cut in REP magazines Top 100 RIA list for 2014. According to Rep magazine, the selection was made using data from Meridian-IQ and was based on the following criteria:

  • Total assets under management;
  • Firms had to have at least 10 percent high-net-worth clients as well as at least 10 percent non-high-net-worth clients for whom they do financial planning;
  • Selected firms do not operate a broker/dealer or bank, and are not affiliated with an investment company;
  • None of the firms are owned by banks; and
  • Institutional clients do not make up a substantial portion of their businesses.

For this selection process, high net-worth clients are defined as those with at least $1 million with the reporting advisor and/or $2 million in total net worth.

GVs President Marc Lewyn responded to the news saying, We are pleased to be recognized by Rep as one of the top 100 RIAs in the nation. This recognition represents a lot of hard, but enormously gratifying work helping our clients use their money to live the lives they desire. Itis also exciting to know that our firm and our advisors played an active role in helping many of our clients grow their assets.

About GV Financial Advisors

GV Financial Advisors has invested nearly a decade developing a new behavior-based wealth advisory model based on recent scientific research on the brain and the psychology of investing. GV has taken a bold leadership position, not only declaring that the wealth management industry is broken, but building Guided WealthTM, a new wealth advisory model designed to address the missing human factor how your brain and your emotions affect your financial behavior and decisions. GV believes that clients today want and need more insightful guidance, especially during life transitions which can present complex challenges that create stress, misperceptions and opportunities for great reward and Big Mistakes. GVs new model offers advice and wisdom that go beyond finance by incorporating new competencies and intellectual property to help clients protect, grow, transfer, and most importantly use their wealth to create the lives they desire. Established in 1991, GV Financial Advisors is ranked among the nations top financial advisory firms based on assets under management totaling $1.1 billion (as of 11/2014), according to Financial Times (GV listed among FT300 for 2014) and Financial Advisor (2012-2014).Barrons magazine also named CEO David Geller among the Top 1,000 Financial Advisors Nationwide and the Top 25 Financial Advisors in Georgia for 2014. To learn more, visit www.gvfinancial.com.

GVFA 2014 0238

DOFU 12/2014

Video - https://www.youtube.com/watch?v=zn-1m9DWv5U
Video - https://www.youtube.com/watch?v=Wta0PklrqzI
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Photo - http://photos.prnewswire.com/prnh/20141212/164163

SOURCE GV Financial Advisors



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