Private Wealth Wealth Management In Practice

by Horan, Stephen M.

• ISBN13: 9780470381137
• ISBN10: 0470381132
• Edition: 1st
• Format: Hardcover
• Copyright: 2009-01-09
• Publisher: Wiley

Summary

An in-depth examination of today's most important wealth management issuesManaging the assets of high-net-worth individuals has become a core business specialty for investment and financial advisors worldwide. Keeping abreast of the latest research in this field is paramount. That's why Private Wealth, the inaugural offering in the CFA Institute Investment Perspectives series has been created. As a sister series to the globally successful CFA Institute Investment Series, CFA Institute and John Wiley are proud to offer this new collection. Private Wealth presents the latest information on lifecycle modeling, asset allocation, investment management for taxable private investors, and much more. Researched and written by leading academics and practitioners, including Roger Ibbotson of Yale University and Zvi Bodie of Boston University, this volume covers human capital and mortality risk in life cycle stages and proposes a life-cycle model for life transitions. It also addresses complex tax matters and provides details on customizing investment theory applications to the taxable investor. Finally, this reliable resource analyzes the use of tax-deferred investment accounts as a means for wealth accumulation and presents a useful framework for various tax environments.Stephen Horan, CFA (Charlottesville, VA), has served CFA Institute as both associate editor and abstractor for CFA Digest, and ad-hoc review for Financial Analysts Journal. Mr. Horan manages private wealth content as it relates to education and professional development for CFA Institute members. Prior to joining CFA Institute, he was a professor of finance at St. Bonaventure University, principal of Alesco Advisors LLC, and a financial analyst and forensic economist in private practice, providing expert witness testimony and preparing economic impact studies. Mr. Horan also served as account manager with Manning & Napier Advisors, Inc. and as stockbroker with Quick and Reilly, Inc. The Research Foundation of the CFA Institute (Charlottesville, VA) is the informational arm of the CFA Institute, a global association for investment professionals representing investment industry ethics, integrity, and excellence of practice.

Author Biography

Stephen Horan, PhD, CFA, manages professional education and private wealth management content for CFA Institute members. Dr. Horan has served CFA Institute as both an editorial board member and abstractor for the CFA Digest and as an ad-hoc reviewer for the Financial Analysts Journal. He holds a PhD in finance from the State University of New York at Buffalo, publishes frequently in academic and professional journals, and has authored several books. Prior to joining CFA Institute, he was a professor of finance at St. Bonaventure University, principal of Alesco Advisors LLC, and a financial analyst and forensic economist in private practice, providing expert witness testimony and preparing economic impact studies.

Table of Contents

Foreword

Introduction

Life-Cycle Investing Chapter

The Future of Retirement Planning

Reprinted from The Future of Life-Cycle Saving and Investing

The Research Foundation of CFA Institute (October 2007):5-18

Is Personal Finance a Science?

Reprinted from The Future of Life-Cycle Saving and Investing

The Research Foundation of CFA Institute (October 2007):1-4

Lifetime Financial Advice: Human Capital, Asset Allocation, and Insurance

Reprinted from The Research Foundation of CFA Institute (April 2007)

The Theory of Optimal Life-Cycle Saving and Investing

Reprinted from The Future of Life-Cycle Saving and Investing

The Research Foundation of CFA Institute (October 2007):19-37

Is Conventional Financial Planning Good for Your Financial Health?

Reprinted from The Future of Life-Cycle Saving and Investing

The Research Foundation of CFA Institute (October 2007):55-71

The Life Care Annuity

Reprinted from The Future of Life-Cycle Saving and Investing

The Research Foundation of CFA Institute (October 2007):103-106

The Longevity Annuity: An Annuity for Everyone?

Reprinted from the Financial Analysts Journal (January/February 200

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