Nancy Daoud, private wealth advisor at Ameriprise Financial Services, emigrated to the U.S. from Egypt with her family when she was 11 years old. Today, her 19-employee Oxford, Conn.-based practice, Opus: Advice First, oversees $1.8 billion in assets, and Daoud has appeared multiple times on Barron’s Top 100 Women Financial Advisors and Top 1,200 Financial Advisors rankings. When we interviewed Daoud last year, she discussed her family’s journey from war-torn Egypt, the ingredients for her...

A recent article in stated that many baby boomers remain heavily invested in stocks, even in retirement, and that those 65 and up are the only group of Americans whose stock ownership rate has risen since before the 2008 financial crisis. Picking up on that theme, in the latest Barron’s Advisor Big Q column, we asked financial advisors: “How do you persuade baby boomer clients who own too much stock to reallocate?” Eric Sweeney, a wealth manager at Steward Partners, said, “One thing I do is...

Easy come, easy go. That approach to money largely explains the “shirt sleeves-to-shirt sleeves” phenomenon in which many family fortunes are built and lost within three generations. Robert Balentine, chairman of his namesake firm, explains that first-generation wealth is often created by an entrepreneur. The second generation “enjoys the fruits of the founding father or mother’s legacy.” However, “by the time the third generation comes around, they’re typically spoiled and the business is no...

Having endured the Covid-induced market plunge in 2020 and last year’s portfolio-mauling declines in stocks and bonds, investors are craving peace of mind, says Mark Mantooth, managing director of Morgan Stanley Wealth Management’s Mantooth Pols Group. That means they’re willing to lower their sights in return for relative calm and a smoother ride. “In the past, we’d hear things like, clients want a 10% or 12% return,” says Mantooth, whose team is based in Huntsville, Ala. “I think that their...