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

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

Norbert M. Mindel, Sarah E. Sleight

ISBN: 978-0-470-59010-2

Dec 2009

336 pages

$29.99

Description

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.

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