Articles Written by Jon Henschen

E&O Insurance: Cost and Deductibles Skyrocket

August 30, 2013
by Jon Henschen, featured on ThinkAdvisor

The days of $1,500 errors and omissions insurance with a $5,000 deductible are quickly coming to an end.

Today, it’s more typical to see annual policy costs in the $3,000-$4,000 range, with deductibles running as high as $350,000. Reasons for the increases vary, as Jim Eccleston, president of Eccleston Law Offices, explains.

“Regulatory actions and arbitration claim filings are increasing,” Eccleston argues. “Arbitrations claims may be ‘group’ type claims involving multiple investors and may involve products sold to numerous investors. And product-based class-action filings alleging lack of due diligence are increasing as well.”

Jodee Rager, chief compliance officer at Geneos Wealth Management,

Is Your Broker-Dealer a Screaming Eagle or a Box Wine?

May 22, 2013
by Jon Henschen, as published on AdvisorOne

In the wine industry, few captivate a cult following quite like Screaming Eagle Cabernet. If you’re not familiar with Screaming Eagle Cabernet, it’s a legendary cult wine produced by Screaming Eagle Winery in the Oakville region of Napa Valley in California.

Screaming Eagle Wines are sold by subscription only, with no tasting rooms or ability to visit the winery. The label’s extreme popularity has caused a waiting list just to get on the subscription list, and each vintage is pre-sold. A bottle of Screaming Eagle will set you back $750, with subscribers often times flipping their purchase for $1,500 or higher. (The winery has been known to drop subscribers if they get wind that you’re immediately reselling their wine.) In 2001,

5 ‘Important’ IBDs

March 26, 2013
by Jonathan Henschen and featured on AdvisorOne

These five firms break new ground with foresight and mastery

In April of 2011, 60 Minutes did a segment on Eli Broad. If you’re not familiar with Broad, he built KB Home (formerly Kaufman and Broad Home Corp.) and SunAmerica (which was sold to AIG). These days, Eli and his wife Edythe are solely devoted to philanthropic efforts that advance entrepreneurship for the public good in education, science and the arts. It’s their activity in the arts that 60 Minutes reported on.

Broad has collected art for four decades. With numerous museums named after Eli and Edythe in the Los Angeles area, the couple has amassed a personal modern art collection of about 2,000 works by more than 200 artists.