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Updated Sat Nov 7 11:43:11 EST 2009..
Financial News: Stock Quotes, Financial Headlines
R. Kenner French, CPh.D.
"Mission Accomplished."
To contact
R. Kenner French go to:
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or call 888-808-8278.

Multi-Family Offices Allow Families to Manage, Protect and Grow Wealth

For years, Bill Mauler has been amassing a portfolio of investments including real estate, stocks, and collectibles in excess of $35 million. He is proud of his achievements and enjoys his lifestyle but admits it can be a challenge to manage it all. To him it seemed like he was interacting on an almost daily basis with accountants, lawyers, financial consultants and other advisors.

Mauler was like many high-net worth individuals who could benefit from a multi-family office (MFO). An MFO is a firm that handles financial, investment and even personal management for families that typically have a net worth of at least $20 million. An MFO assembles a team of advisors to provide customized services to a small number of families. These services may include accounting, tax and estate planning, risk management, foundation management and more. Some MFOs include such services as household staff management and vacation planning.

Mauler decided to enlist the services of an MFO which he says has, “Helped alleviate some of the headaches of organization and paper pushing. Multi-family offices provide a professional set of eyes overseeing the team of advisors and making sure they are doing their respective jobs.”

One example of the growing popularity of MFOs is indicated by the Family Firm Institute, an international professional membership organization based in New York, which was started in 1992 and now has over 1,500 members in countries as far as Europe, Asia, Latin America, and Canada.

Because MFO advisors work with a small number of families, they can provide proactive, customized advice and deliver fully integrated and consolidated services. “I was getting all sorts of advice that was not coordinated and therefore confusing,” said Mauler.

Although the benefits can be far-reaching, beginning a relationship with an MFO requires research and a financial commitment. When investigating an MFO, you should consider: -- The firm’s history and typical clients -- the firm’s fee schedule -- What specific services they will provide for you and what, if any, will be outsourc -- How and how often they will communicate with you

Not all high-net worth individuals may require or even benefit from an MFO, but for those who are looking to outsource managing the day-to-day responsibilities of taxes, financial planning and more, working with an MFO can be a worthwhile investment.

By R. Kenner French
Business and Financial Contributor, Palm Beach Times

 Dow Up 17 as 
 Jobs Stats Stall Stocks 

Stock indexes finish week up 3%

 Hit 'Pause' on 
 Rock and Roll 
 Hall of Fame 

Clueless cabal turns landmark into a joke

 Dow Up 11 as 
 Jobs Stats Stall Stocks 

Stock indexes finish week up 3%

Expect Unemployment
to Keep Rising

Companies still aren't sold on a long-term recovery

Retailers Sell Flicks Online at Less Than Cost

Big-box giants drop price of 10 hottest
DVD titles to $10

 Berkshire May Join S&P 500 

Burlington Northern acquisition puts Buffett in index's sights


 What Broke 
 Celebs Can 
 Teach Us 

Don't make the same mistakes as Nicolas Cage and Annie Leibovitz

 Abandoned Detroit Draws 
 Pranksters, Artists 

80K empty buildings a mecca for 'urban explorers'

iPhone Users Get Leg Up on Black Friday

App lets shoppers check deals, and rumored deals

Yankees' Bank Finally Defeats the System

We're all tired of talking about NY payroll, but it stifles baseball hope

Crazy Questions Google
Asks During Interviews

Search giant wants employees good at brain-teasers

Wal-Mart Sick Policy Creates Flu 'Threat,' Say Critics

Report: Ill workers are pressured to report for duty

Drugstore Sorry After Clerk Scares Child With Flu

Employee refuses to serve boy with with mask: 'I'm not dying'

 Dow Rises 204, 
 Back Over 10,000 

Earnings, jobless data spur biggest gain since July

Congress Extends Credit for First-Time Home Buyers

Also adds 20 weeks
of jobless benefits

Feds: Toyota Statement on Accidents 'Misleading'

Matter isn't closed,
says NHTSA

 Oprah Sets Date for 
 Cable Launch, 
 Show Move 

Discovery Channel to media mogul: 'Move it or lose it'

14 Charged as Galleon Insider Trading Case Widens

Feds finger Rajaratnam associates, lawyer

 Hottest Hollywood Star: Toys 

Transformers raked it in; expect more of the same from Tinseltown

 'Naughty' Mickey Hits the Wii 

Disney dares to reimagine him for new generation

 Beatles Break Free of CDs 

Pricey USB drive holds band's remastered studio albums


 Au Revoir, Paris Nightlife 

Noise ordinances strangle once-legendary music and party scene

Wall Street Bonuses to Jump 40%

Expect political storm
as recovery juices incentive pay

  Dodd Declares War With 
  Senate Bank Bill  

Senator readies radical overhaul of finance regulation

 Droid a Savvy Choice 
 for Smartphone Fans 

Users sick of AT&T now have an option

 How to Dress 
 Like a Mad Man 

Opt for trimmer suits, skip the Borsalino

Shortage of Seasonal Flu Vaccine Looms

Supplies running low, manufacturers
can't make more

Most Replaced Clunker With ... Another Guzzler Like This

Most common trade was old pickup (15-17 mpg) for new (1-3 better)

Lea & Perrins Original Recipe Discovered

Find sheds light on Worcestershire's long-secret flavors

 Dow Up 30 After Rally Fizzles 

Merck sees big gains on earnings projection

 Fed Leaves Rate 
 at Record Low 

Says it wants to foster recovery

 Want a Yankees 
 Ticket? Shell 
 Out $1,000 

Sky high prices at Yankee Stadium are record for resellers

 Economic Fury 
 Is the New 
 Culture War 



Deficits were the rallying cry for yesterday's winners

 Cuomo Slaps Intel 
 With Antitrust Suit 

Says chipmaker paid kickbacks, strongarmed manufacturers



 Carly Fiorina 
 Launches Calif. 
 Senate Bid 

Ex-HP chief would face Dem incumbent Boxer

Sorry, FDIC Can't Guarantee Interest on That CD 

When selling failed banks, Feds allow buyers to slash expected payout




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NASDAQ Headlines

First dinosaur footprints recognized date back to 70 million years
Pensacola Dinosaur Adventure Land06...
Brown urges new banks 'contract'
British Prime Minister Gordon Brown tours the production line of the new Vauxhall Astra, which coincides with the launch of the car at the Frankfurt Motor show, Tuesday Sept. 15, 2009 in Ellesmere Port, England....

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S & P Headlines

Stocks Eke Out Small Gains (at TheStreet.com)

Stocks Flat in Final-Hour Trading (at TheStreet.com)

Strange Days (at Minyanville.com)

Dear Mr. Bernanke, A Note to Say Thanks (at Minyanville.com)

What a Difference a Week Makes: Now, All News Is "Good" for Stocks (TechTicker)

Yankees Win, Workers Lose: Unemployment Rate Hits 26-Year High (TechTicker)

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New York Times Headlines
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Fox Financial
The Week's Top 10 Videos On MarketWatch
The Week's Top 10 Videos On MarketWatch

Stimulus for tech and telecom $3B, but jobs still guesswork
The U.S. government has spent about $700 million on IT and telecommunications products and services under its economic stimulus program, part of a total of $3 billion that's in the spending pipeline, according to a private analysis of this data. But how many jobs have been created is not as clear.

Update fixes iPhone sync problem with Windows 7 for some
Gigabyte Technology issued a BIOS update on Friday that fixes a problem for some Windows 7 users who have been unable to sync their iPhones.

Cisco undervalues Tandberg, investment firms say
Two investment consulting companies laid out objections to Cisco's US$3 billion offer for Norwegian videoconferencing vendor Tandberg on Friday, saying in an open letter to Cisco and a press interview that the bid undervalues Tandberg.

U.S. Regulators Close Gateway Bank, Prosperan Bank
U.S. Regulators Close Gateway Bank, Prosperan Bank

Market Winners & Losers: International Game Technology, AIG
The major indexes ended the week on a positive note after the release of unemployment figures. The Dow closed up 0.2%, the S&P gained 0.3% and the Nasdaq added 0.3%.

Report: Citigroup Creator Apologizes for Merger
The Chairman and CEO in charge during the creation of Citigroup, now says the formation of the banking behemoth was a mistake.

Stocks In Focus For Monday
Stocks In Focus For Monday

Detroit's Home Federal Savings 117th Bank Failure
Detroit's Home Federal Savings 117th Bank Failure

Berkshire To Borrow $8B To Pay For Burlington
Berkshire To Borrow $8B To Pay For Burlington

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Money Headlines
STOCK QUOTES





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Bussiness Headlines

Boston Globe

Geithner warns against putting brakes on stimulus
The Associated Press
ST. ANDREWS, Scotland — US Treasury Secretary Timothy Geithner has warned against putting the brakes on economic stimulus measures too quickly, saying that would weaken the economy. In prepared remarks ahead of a Saturday news conference, Geithner says ..

CBC.ca

Why won't Obama give you a job?
Washington Post
By Alec macgillis To hear President Obama tell it, he's been busy creating jobs since taking office. The $787 billion stimulus package, he said last winter, would "save or create 3.5 million jobs." The White House is touting reports from recipients of ..

MiamiHerald.com

Treasury Blocks the Sale of Tax Credits by Fannie
Wall Street Journal
The US Treasury blocked Fannie Mae's proposed sale of nearly $3 billion in low-income housing tax credits to Goldman Sachs Group Inc. and Berkshire Hathaway Inc. on Friday after concluding that the deal was too costly for taxpayers. ..

CBC.ca

Broader Measure of Unemployment Stands at 17.5%
New York Times
For all the pain caused by the Great Recession, the job market still was not in as bad shape as it had been during the depths of the early 1980s recession — until now. With the release of the jobs report on Friday, the broadest ..

Los Angeles Times

Digest: Goldman blocked from buying Fannie Mae assets
Washington Post
The Obama administration on Friday denied Goldman Sachs's offer to buy millions of dollars in assets from struggling mortgage finance giant Fannie Mae. The offer was not a good deal for taxpayers, according to an administration official. ..

ABC News

Skype to get independence -- for better or worse
Reuters
NEW YORK (Reuters) - Now that eBay has vaulted a major hurdle in its efforts to sell Skype, the Web telephony service must prove it can make it on its own. Since its founding six years ago, Skype has built up a roster of more ..