Stop Wasting Your Wealth in Mutual Funds : Separately Managed Accounts - the Smart Alternative

by Don Wilkinson

• ISBN13: 9781419520181
• ISBN10: 1419520180
• Format: Paperback
• Copyright: 2005-12-01
• Publisher: Kaplan Publishing

Summary

In Stop Wasting Your Wealth in Mutual Funds, author Don F. Wilkinson throws pass? investment strategy out the window to make room for the reality of a new era. According to Wilkinson, there is a smart alternative to mutual funds - separately managed accounts, or SAMs. This brilliant how-to guide outlines point-by-point comparison of SAMs to mutual funds, outlining risks, benefits and returns. Don F. Wilkinson, a 30 year veteran of the financial services industry owns and operates a successful wealth management firm based in California. Wilkinson also runs seminars to independent financial advisors and their clients.

Table of Contents

Foreword	vii
Preface	ix
Acknowledgments	xiii
Introduction	xv
PART ONE STOP WASTING WEALTH IN MUTUAL FUNDS
The Downfall of Mutual Funds	3	(8)
The Honeymoon Is Over, the Marriage on the Rocks	11	(14)
The Final Straw: Deceit, Deception, and Fraud	25	(10)
If You Don't Know Where You're Going, Any Portfolio Will Take You There	35	(14)
PART TWO GAINING WEALTH IN SEPARATE ACCOUNTS
The Rise of Separate Accounts	49	(24)
Taxes: Tax Pain or Less Tax Gain?	73	(14)
Performance: Questionable Returns or Unquestionably Better Returns?	87	(10)
Customization: Off the Rack or Tailor-Made?	97	(8)
Asset Control: Manager in Control or Investor in Control?	105	(4)
Prestige Factor: Invest with the Rest or Invest with the Best?	109	(6)
Fees: Larger, Hidden Fees or Flat Fees?	115	(10)
Transparency: Delayed Reporting or Near Real-Time Reporting?	125	(10)
PART THREE PLANNING WEALTH WITH SEPARATE ACCOUNTS
Setting Up Your Separate Account	135	(28)
Selecting Your Boat Handlers	163	(16)
Show Them the Money	179	(10)
Putting Power in Your Portfolio	189	(10)
PART FOUR KEEPING WEALTH IN SEPARATE ACCOUNTS
Stay Tuned and Keep Regular Hours	199	(10)
The Asset Management Recovery Plan	209	(12)
Appendix: Sample Investment Policy Statement	221	(16)
Resources	237	(6)
Notes	243	(8)
Glossary	251	(8)
Bibliography	259	(8)
Index	267