Wealth Management in the New Economy: Investor Strategies for Growing, Protecting and Transferring Wealth

ISBN-13: 9780470482698 / Angielski / Twarda / 2010 / 336 str.

Norbert M Mindel

Opis

A practical guide to managing wealth in modern times Wealth Management in the New Economy addresses a wide array of wealth management topics and established financial theories. Author Norbert Mindel has successfully advised his clients for more than three decades in the business. Now, with this new book, he shares the wisdom he has acquired and offers valuable insights into successful wealth management in an economy that has changed dramatically over the past year. Along the way, Mindel explores the essential aspects of this discipline, including the keys to wealth creation, properly managing risk, asset protection, planning for a prosperous retirement, and many other issues that you need to understand in order to survive and flourish in today's economy. While market forces are far too complex to be fully predicted or exploited, it is still possible to protect and grow your-or your client's-wealth. Wealth Management in the New Economy will show you how to achieve this important goal.

• Reveals how you can reduce market risk by using proven theories of portfolio management
• Written by accomplished financial advisor, attorney, and CPA Norbert Mindel
• Lays out strategies wealth managers and investors both can use to protect and grow wealth in the new economy

For practical financial guidance you can count on, look no further than Wealth Management in the New Economy.

Spis treści

Preface vii

Acknowledgments xiii

Introduction 1

PART I EVOLUTION OF A WEALTH MANAGER: MY HISTORY, WORLD, EXPERIENCE, CLIENTS, AND COMPANY 11

CHAPTER 1 Starting Out 13

CHAPTER 2 A Decade of Active Management 31

CHAPTER 3 Working with Individual Investors 53

PART II INVESTMENTS AND MANAGING RISK 75

CHAPTER 4 The Futility of Active Management 77

CHAPTER 5 The Academic Background 91

CHAPTER 6 Implementing the Strategy 125

PART III MANAGING YOUR RETIREMENT 163

CHAPTER 7 Planning for Your Retirement and Creating Income for Life 165

CHAPTER 8 Using Annuities as an Income Tool 171

CHAPTER 9 Using IRAs and Company Retirement Plans 191

PART IV WEALTH PROTECTION: FACING A WORLD OF RISK 213

CHAPTER 10 Best Uses for Life Insurance 215

CHAPTER 11 The Importance of Long–Term–Care Insurance 241

PART V TRANSFERRING WEALTH AND THE NEXT GENERATION 251

CHAPTER 12 Transferring Wealth with Estate Planning 253

CHAPTER 13 Transferring Wealth within the Family: Inheritance Issues for Family Businesses 281

Epilogue 293

Notes 295

About the Authors 303

Index 307

O autorze

Norbert (Norm) Mindel has been an attorney, asset manager and adviser to individuals and businesses for over twenty–five years. He is the co–founder of Forum Financial Management, LLC, and Terra Securities, which was later sold to GE and then became Genworth Financial through an IPO. Mindel is a noted national speaker on many topics, including wealth and asset management for individuals and practice management for financial advisers. His many speaking engagements have included being a frequent guest of CNBC′s Power Lunch and CNNfn′s Your Money. He has been quoted in the ChicagoTribune, Los Angeles Times, SmartMoney, the New York Times, and Crain′s Chicago Business, as well as many other industry publications.

Sarah E. Sleight is a financial writer who has spent her career working in the financial services industry in a wide variety of positions, including marketing, product management, and institutional sales on a bank trading floor. She is coauthor of Reinventing the Retail Bank, ghostwrote a book on a specialized securities strategy, and edited a number of financial books for Probus Publishing. Sleight has written articles for numerous publications in the financial services world.

Blurb

Praise for Wealth Management in the New Economy

"Norm always understood the obvious but the obvious was not obvious to most. He has a way of explaining complex concepts so everyone can understand. In my years in business, he ranks as the most interesting person I ever worked with." David S. Reedy, former President, Genworth Financial Investment Services

"This unique book has all the information you need to manage your wealth for the rest of your life, but Norm makes the complex content interesting and accessible. Norm includes the story of his own successes and disappointments over an entire career, to the great benefit of his readers. This book is good for anyone who wants to learn about managing wealth, from the most knowledgeable to the strategically impaired." John W. Ryan, PhD; President Emeritus, Indiana University; Chancellor Emeritus, State University of New York

"The crisp prose and lively story help shed light on a usually dense subject. This lively and accessible analysis of very complicated subject matter should be a ′must read′ for anyone who needs a better understanding of wealth management." Paul J.J. Payack, President, The Global Language Monitor

"Do read Wealth Management in the New Economy. Norm Mindel and Sarah Sleight have written a book of reasoned judgment and surpassing good sense that will benefit any investor with assets to protect during these treacherous times." Phil DeMuth, PhD, Managing Director of Conservative Wealth Management LLC and coauthor of The Little Book of Investing Do′s and Don′ts

"This book exposes many of the dark secrets of the financial services industry. The choice¿is yours. . . you can remain in the dark and permit yourself to become a victim, or you can shed light on them to protect yourself by reading this book." David Loeper, President and CEO, Financeware, Inc; author, Stop the Retirement Rip–Off and Stop the Investing Rip–Off