While our real estate allocations may have dropped from 10 percent down to 7, the difference was often made up by increasing offshore real estate holdings. Of course, that only makes sense for the most wealthy clients, because for smaller ones it's not worthwhile to split assets into 2 percent and 3 percent allocations.
"Glenn Frank" was a president of the University of Wisconsin–Madison and The Century Magazines editor-in-chief. He graduated from Northwestern University in 1912 and became Edward Filene's personal assistant, where he wrote two books on the side. He joined The Century Magazine as an associate editor and became its editor-in-chief in three years, which gave his views on education a wide audience. He was tapped to the University of Wisconsin's presidency in 1925, where he introduced the University of Wisconsin Experimental College/Experimental College before being ousted in 1937. Frank became involved in Wisconsin politics and ran for the state's United States Senate seat, but died with his son in a car accident two days before the Republican Party primary.
More Glenn Frank on Wikipedia.They need to live someplace, and their current home has a one-to-one correlation with all other local real estate.
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