Active Money Management - Does anybody know about it?

Submitted by atlantamonart on Tue, 12/18/2007 - 04:41

I went with a friend of mine to an interesting meeting and they were talking about active Money Management.

Does anybody know anything about it?

Also have you heard of Fox Hall? They offer Active Money Management.

As much as I understood, it means they actively attend your investments usually 401k.

Please let me know anything you know of?

Thanks
May

Posted: 18 Dec 2007 07:01 Post Subject:

Sorry, May, that's a new one to me. I've never heard of the active money management concept nor the name. Perhaps one of the many experts around here will be able to shed some light on that for you soon.

Nice to meet you! :)

Posted: 18 Dec 2007 07:27 Post Subject:

Yes active money management has got something to do with todays dynamic investment industry. It seems so real that you would plan well for your business or your family only at the cost of a huge amount of pain & stress. Active money management is just a synonym to smooth financial success. This has become possible only when people like you got a stretchable plan (adjustable to the changes in life) which would enable them to construct a secured financial life. Hence you need to think twice about obtaining an active money management plan.
Regards, Thai_Hubby

Posted: 18 Dec 2007 08:45 Post Subject: No signs of stopping

My friend..I just have a couple of things to say over here --> active money management is all about stock-selection. Though this process has been pursued by many of the fund managers still it is not that effective till date. They have not been able to draw enough of returns (in the form of salaries or bonuses etc.) from the sort of active trading that they are into. Even though they have not been successful, that has not stopped them from collecting huge sums of active-management fees from the investors. The chances that the investor might be crowned with such a fund is about 1 out of 6 to 1 out of 30 (in some cases). But n the other hand the fund's chances of obtaining a handsome amount from you is for sure. Wish you see through my reasons..Norma Hepburn

Posted: 20 Dec 2007 02:08 Post Subject:

Thank you all for your input . The seminar I went to was at WFG. Does anybody know about them? This was at the finance division.

Posted: 20 Mar 2009 07:35 Post Subject: Active Money Management

I am amazed at how uneducated people who give advice on this forum are. I would stay away from WFG but active money management is an awesome product and it has nothing to do with stock selection like previously mentioned. It has to do with reading market indices. If you look at the track record for companies like Fox Hall, Hanlon or others you will see they are superior to a buy and hold strategy. They work extremely well in a bear market.

Posted: 20 Mar 2009 07:35 Post Subject: Active Money Management

I am amazed at how uneducated people who give advice on this forum are. I would stay away from WFG but active money management is an awesome product and it has nothing to do with stock selection like previously mentioned. It has to do with reading market indices. If you look at the track record for companies like Fox Hall, Hanlon or others you will see they are superior to a buy and hold strategy. They work extremely well in a bear market.

Posted: 15 Oct 2010 08:50 Post Subject: WFG / Active Managment

Sterling Investment Guest - Why would you suggest to someone that they should stay away from a company that educates the average citizen about their financial options in the marketplace is absolutely absurd. There are no companies out there offering free education and advising people on improving their financial quality of life without either charging them an arm and a leg. Most brokerage firms won't even talk to you without you having a substantial amount to invest. By the way WFG has contracts with Fox Hall and Hanlon and it has proven to be an extremely successful relationship for all parties byway of exposing the average individual to products that have only been available to the wealthy and large corporations. WFG is an Aegon affiliated organization who has been in the financial business for more than 150 years. Really do your research and learn the business before you knock it.

Posted: 16 Oct 2010 01:23 Post Subject:

There are no companies out there offering free education and advising people on improving their financial quality of life without either charging them an arm and a leg.



WFG is the latter-day incarnation of WMA, which was created by Hubert Humphrey and a few other renegades from the AL Williams Co. who decided they wanted to sell UL policies to people to earn fatter commissions than they were earning on term life products. WMA no longer exists due to shoddy management, securities law violations in a number of states, and generally poor business practices organization-wide.

Today, WFG "educates" unsuspecting homeowners, among others, on the "benefit" of mortgaging one's home to find money to invest. I find few WFG clients who have been encouraged to open individual retirement accounts, while at the same time encouraging their clients to stop contributing to their employer-sponsored 401(k) plans and dump money into VUL policies "because you are limited in the amount of money you can put in the 401(k) plan. And you'll be taxed on the money. But our VUL policy allows you to have all the money tax free."

The main problem with that advice (aside from the taxation misrepresentation) is that those folks are not maximizing their 401(k) plans in the first place, and by discontinuing their retirement plan contributions, increase their taxable income, making it even harder to come up with the money to fund their VUL.

WFG, even under the cloak of respectability that Aegon brings to the table, is just another WMA enterprise lacking in supervision and ethics. I, too, do not encourage folks to turn in that direction . . . because I have researched their business.

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