New Actionable Guide for Managing Family Wealth Featuring Expert Financial Advice

Wealthy families who are looking to preserve and enhance the family’s financial wealth and human capital over generations can now explore new strategies for improving the management of their wealth. A new book, Family Wealth Management: Seven Imperatives for Successful Investing in the New World Order, written by private wealth experts Tom McCullough and Mark Haynes Daniell, offers seven imperatives for successful wealth management with practical examples; addresses human and financial issues in private wealth; provides recommendations for engaging and educating the family; and much more.

The authors, who have had over thirty years of experience in the private wealth field, point out that ‘shirtsleeves to shirtsleeves in three generations’ can be prevented. “It is not inevitable, but will most likely happen unless family investors and their advisors set out clear goals, develop a forward-looking family culture, and establish a strong risk management regime,” they said.

As a result of both friendship and a mutual interest in finding a better way to manage private wealth, McCullough and Daniell developed a fresh family wealth management model using seven timely principles with a step-by-step process for developing and implementing unique investment strategies. The concept is elaborated in their book, 'Family Wealth Management: Seven Imperatives for Successful Investing in the New World Order'.

"While there is no single playbook that will guarantee consistent, long-term investment success, we do believe there are some basic common elements that are crucial to successful investing,” the authors said. 

Distilling much complex material into simple, clear and applicable steps, the book includes many practical examples and checklists to help families and their advisors put the lessons into action. Further insights on key family wealth management topics are explained through more than a dozen guest essays written by respected private wealth experts and leaders of wealthy families from around the world.

More information about 'Family Wealth Management: Seven Imperatives for Successful Investing in the New World Order' is available online at www.familywealthmanagementbook.com.

The book will be available from the Wiley Online Store (www.Wiley.com), Wiley Online Library (www.onlinelibrary.wiley.com) and through all key online book retailers and the major bookstores.

The suggested retail price of print (hardcover) format is US$49.95. Digital and E-book versions are also available at US$32.99 respectively.

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