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He Writes for the Medical Executive-Post
By Ann Miller; RN, MHA
[Executive-Director]
Dr. Somnath Basu is no stranger to the ME-P, or the financial planning community. He is a Professor of Finance at California Lutheran University and the Director of its California Institute of Finance.
Academic Background
Dr Basu earned his BA in Economics, University of Delhi, MBA (Finance), Marquette University and a PhD (Finance), University of Arizona. He is well published and is an award winning teacher. He has significant consulting experience with US Fortune 100 companies, advising institutional money managers and in developing proprietary finance and planning software. He serves on various Boards and committees including the CFP (chaired the Model Curriculum Revision Committee) Board of Standards and the Financial Planning Association.
Basu’s New Book
His new book, co-authored with Professors’ Block and Hirt, Investment Planning for Financial Professionals is available now, published by McGraw Hill, in May 2006.
Additional essays by Dr. Basu can be viewed at: http://blog.fpaforfinancialplanning.org/author/somnathbasufpa/
He also writers a column for the Journal of Financial Services Professionals. He can be reached at:
Contact Dr. Somnath Basu
Director – California Institute of Finance
Cell: 805 405 4448
Work: 805 493 3980
http://www.clunet.edu/cif
Conclusion
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Filed under: "Ask-an-Advisor", Financial Planning, Investing, Portfolio Management, Recommended Books | Tagged: California Institute of Finance, CFP, CFP Board of Standards, Finance at California Lutheran University, financial advisor, Financial Planning, financial planning association, FPA, RIA, Somnath Basu, stock broker |
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Hello Somnath,
Who is Regulating … the Regulators?
The Financial Industry Regulatory Authority [FINRA] is finally plugging a loophole that has allowed many of its 6,200 arbitrators to serve on its panels without first checking their credentials.
FINRA Cracks Down On Arbitrator Credentials
http://www.fa-mag.com/fa-news/5210-finra-cracks-down-on-arbitrator-credentials.html
But is this real regulation, or just faux policy on the books to appear vigilant?
Fraternally,
Dave
Dr. David Edward Marcinko; MBA, CMP™
[Editor-in-Chief]
http://www.CertifiedMedicalPlanner.com
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I agree with you Dave. Problems that we are encountering or will encounter in the future may very well be due to the regulators not understanding the issues and being able to arbitrarily modify and change regulations (bailouts, stimulus et. al.) without any oversight or transparency and accountability.
In a sense regulators add to our tax burden – they eat away many of the cents we pay as tax dollars.
Somnath
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Somnath,
Well said. And, according to Robert Reich [former US Secretary of Labor 1992-97] financial regulation went from tough new capital requirements, sharp constraints on derivate trading, a consumer protection agency, and a resurrection of the Glass-Steagall Act – all popular with a Democratic political base — to some limits on derivatives, with a consumer protection agency inside the Treasury Department, and a diluted rearrangement of oversight boxes … that is now looking like even less so … pity.
Dave
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Inflation is the silent killer of wealth. It does not have the “bark” of a full-blown financial crisis, but it certainly has the “bite.” Just imagine if the inflation rate is 5% over the next 10 years; within a decade you would lose nearly 50% of your wealth if you didn’t do anything about it.
So, here is a link by Mike Zhuang, on how to protect your portfolio against inflation?
Barry
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