The Odessa American from Odessa, Texas • 4

4 OPFSSA AMPWOAN SUNDAY, September 14. 2003 Use caution when picking a money adviser HI Commentary it i 'irv Compile a list of potential candidates. Once you know what type, of adviser you need, make a list Experts generally recommend advisers who have some sort of certification; they also recommend those who don't accept commissions but instead charge by the hour or receive an annual fee based on the size of an investors' assets. "Charges on an hourly basis is the best way to go because that removes the conflict of interest," said Eric Tyson, author of Personal Finance for Dummies. Depending on where you live, a fee-only planner might charge between $100 and $150 an hour, he said.

ByHopeHbn TTw AMOctatod PrtM NEW YORK As Wall Street appears to stage a recovery many investors are nervous about jumping hack in on their own after stiff losses in a three-year bear market But finding a professional adviser free of conflicts of interest can seem just as daunting. State regulators in recent weeks have accused Morgan Stanley of improperly pushing customers to buy its in-house mutual funds, while the National Association of Securities Dealers has proposed rules to force securities firms to reveal how they pay brokers to sell mutual funds. That has added to concerns larger assets who tend to have high taxes seek out more-expensive accountants. Brokers, meanwhile, can be handy for investors who have some idea of what investments they want and need someone to handle the transaction. Brokers also can provide advice on "hot" investments, although they often receive larger commissions for higher-risk products.

"It can be expensive to get comprehensive financial planning," said Tobie Stanger, associate editor for Consumer Reports. "Do you need the whole shebang education planning, insurance and estate planning, or are you just looking for a solution to one or two questions. That will affect whom you go to." 1 AP PHOTO that advisers charge too much, know too little and don't have an investor's best interests at heart But experts have suggestions on how to find a good adviser Know your financial needs. Professional advisers run the gamut, from brokers focused on buying and selling stocks and achieving high returns, to accountants who are more sensitive to minimizing tax costs, to financial planners who analyze an investors' financial goals and seek to attain them. Many investors looking for a comprehensive investment strategy opt for financial planners, while those with Republican gubernatorial candidate for the special recall election, actor Arnold Schwarzenegger, speaks Saturday at the California Republican party's fall 2003 convention in Los Angeles.

California Democratic Party votes to back Bustamante; Arnold calls on GOP to unite my is back! hy Cottage, I 'Midland Tourist Destination" 3101 N. Big Spring believe that my name would be a positive option for Democrats on the second part of the ballot and I thank you for embracing that option." Schwarzenegger, meanwhile, addressed a state Republican Party convention crowd divided over whether to back the socially moderate actor or support the more conservative McClintock, who is in line with the party faithful on issues such as abortion and guns but is widely viewed as unlikely to beat Bustamante. Schwarzenegger sought to reassure party activists that he is one of them. He repeatedly described himself as a conservative, proclaimed, "I love the Republican Party," and invoked the state's most beloved GOP figure. "In 1964, Ronald Reagan gave a speech called A Time for That is what we face here today," the action star told the crowd of more than 500 at a hotel near Los Angeles International Airport STORE MORE KScBancl Texas 915-687-6010 OPE LOS ANGELES (AP) Arnold Schwarzenegger called otfRepublicans to unite behind hifa for governor Saturday as Democrats staged their own dramatic show of party unity Gray Davis and LL Gov Cruz Bustamante appeared together for the first time since Bustamante broke his pledge and entered the race to succeed Divis if he is recalled.

surprise joint appearance came as the state Democratic Party voted, as expected, to endorse Bustamante's "ffo on recall, yes on Bustamante" strategy for the Oct 7 recall election. The issues of whether Davis should be recalled, and who should replace him if he is, are separate ballot questions. "I am not in competition with Gray Davis. I'm running against Arnold and Tom," Bustamante said in his speech to delegates, referring to Schwarzenegger and the other top Republican challenger, state Sen. Tom McClintock.

"I Indiana has new leader after former official dies COME CELEBRATE HALLOWEEN See the world from a whole new angle. THANKSGIVING CHRISTMAS 10 OFF STOREWIVE nyrnmthic nroT ex uHiacz Dsntin) Dr. Wadtoy Albertson's) I Open Everyday wt-rt' 9 ivwiw Midland MMIandJX AjTX Odessa American PM MKMC tUIWUI OUCCTMT A0VUTIHIM NTOtlUTKM COMTKT: DRJCTT Hicks 333-7403 -r 1 i il'v mi lli 4 liiil INDIANAPOLIS (AP) J(je Kernan was sworn in Saturday as Indiana's 48th governor, just hours after Gov. Frank O'Bannon died of a stroke in a Chicago hospital. Indiana Supreme Court Justice Theodore R.

Boehm give Kernan the oath of oijice. O'Bannon's wife, Judy, attended the ceremony "I have lost my governor aid my friend. So too has ejery Hoosier lost their governor and their friend," Kernan sid immediately afterward. About 100 people attended tHe ceremony, some in suits arid some, obviously with no tipie to change, in shorts or jefcns. Kernan must now choose a lieutenant governor, fcnjt he is under no deadline and there have been no indications of who he might choose.

His choice must be ratified bjf a simple majority vote in the Democrat-controlled House arid Republican-ruled Senate. jThe state Supreme Court had formally transferred power to Kernan on Wednesday, two days after O'Bannon was stricken while attending a trade conference. O'Bannon, 73, died Saturday morning. Senate President Pro Tern Robert Gartona Republican who began his Statehouse career with O'Bannon in 1970, iiaid he expected a smooth transition for Kernan. By late afternoon, mourh-eifc, many in tears, were leaving flowers outside the gover-nbr's office as state police stood guard.

Flags were lowered to half-staff at the Statehouse and at other locations in downtown Indianapolis. O'Bannon designated that he wished to donate organs, so lis body was to be returned to Indianapolis later Saturday, according to his news office. "Tomorrow, Sunday, I would ask that all over the state of Indiana we have a day of remembrance, a day of reflection, sorrow and joy for a tlife that was lived to the fullest in the service of the people of Indiana," Kernan raid after he was sworn in Saturday Kernan helped CBannon's selling and pushing a tax-restructuring package to pas-sagerlast yeaz; and played a similar role in the economic ef jpment initiatives enact-; cd t4syfeaE Carbon dioxide, that is. CO2 brings new momentum to secondary recovery projects, taking production that extra mile. And Kinder Morgan CO2 is using the power of CO2 to launch the next phase of productivity in the Permian Etesin.

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