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

by Mindel, Norbert M.; Sleight, Sarah E.

• ISBN13: 9780470482698
• ISBN10: 0470482699
• Edition: 1st
• Format: Hardcover
• Copyright: 2010-02-08
• Publisher: Wiley

Summary

A practical guide to managing wealth in modern timesWealth 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 economyFor practical financial guidance you can count on, look no further than Wealth Management in the New Economy.

Author Biography

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.

Table of Contents

Preface.

Acknowledgments.

Introduction.

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

Chapter 1 Starting Out.

Chapter 2 A Decade of Active Management.

Chapter 3 Working with Individual Investors.

PART II INVESTMENTS AND MANAGING RISK.

Chapter 4 The Futility of Active Management.

Chapter 5 The Academic Background.

Chapter 6 Implementing the Strategy.

PART III MANAGING YOUR RETIREMENT.

Chapter 7 Planning for Your Retirement and Creating Income for Life.

Chapter 8 Using Annuities as an Income Tool.

Chapter 9 Using IRAs and Company Retirement Plans.

PART IV WEALTH PROTECTION: FACING A WORLD OF RISK.

Chapter 10 Best Uses for Life Insurance.

Chapter 11 The Importance of Long-Term-Care Insurance.

PART V: TRANSFERRING WEALTH AND THE NEXT GENERATION.

Chapter 12 Transferring Wealth with Estate Planning.

Chapter 13 Transferring Wealth within the Family: Inheritance Issues for Family Businesses.

Epilogue.

Notes.

About the Authors.

Index.