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Press Room: White Papers

Deferred Compensation

Essential Wealth Management Reads for Busy Executives: Deferred Compensation

by Phillip Hamman

Economic volatility and significant tax changes are making it increasingly difficult for high net worth individuals to protect their wealth and plan for retirement. In particular, if you are an executive with high earnings, 2013 tax changes may decrease your bottom line. Fortunately, additional contributions to a deferred compensation plan may help reduce tax consequences. In this paper, I’ll highlight how the interplay between income tax planning, asset protection, and portfolio allocation are essential to making balanced deferred compensation decisions.

→ Read the full Deferred Compensation white paper (PDF)

The Hidden Risks of Annuities

The Hidden Risks of Annuities

by J. Harold Williams

Dismal financial conditions, such as the 2008–09 bear market and the subsequent uncertain economic recovery, often create opportunities for clever marketing strategies designed to capitalize upon investor fears. It is common for the insurance industry and Wall Street investment banks to take advantage of such marketing opportunities.

There are some investor-friendly, straightforward low-load annuity products (typically offered through companies such as Fidelity, Schwab, T. Rowe Price and Vanguard) that deliver good value. However, the annuity contracts being heavily promoted in the current market are quite different. Members of the professional staff at Linscomb & Williams have provided expert witness testimony in variable annuity litigation, providing an excellent opportunity to fully dissect these contracts. This paper shares some our experience and insights, helping you protect yourself while making the most of your money.

→ Read the full The Hidden Risks of Annuities white paper (PDF)

The Fiduciary Role: Clearing the Air

The Fiduciary Role: Clearing the Air

by J. Harold Williams

In this paper, we delineate and explain the differences (and practical implications) between two types of financial advisors: 1) a registered representative of a Wall Street brokerage firm, and 2) an independent investment advisor or wealth manager acting in a fiduciary capacity.

First, we will provide a brief explanation of the legal standard of care, which currently applies to these two types of financial advisors. A brief overview of the history and evolution of efforts to set standards of care for those rendering investment assistance to clients is provided as additional background. This is followed by a discussion that contrasts the roles and compensation methods of registered representatives versus investment advisors. Finally, we illuminate the conflicts of interest faced by investment professionals functioning in each of these roles.

→ Read the full The Fiduciary Role: Clearing the Air white paper (PDF)