Wealth Management: A Concise Guide to Financial Planning and Investment Management for Wealthy Clients (Second Edition)

Topics and Contents

Framing the Client's Goal in Terms of Consumption for Both Motivation and Measurement Purposes--Including the Time Dimension That Is So Essential to the Measurability Feature of Well-Stated Goals.
Organizing an Approach to Cash Management--Projecting Cash Flows.
Specific Client Situations and Comprehensive Approaches That Have Helped Clients in these Situations.
Issues and Decisions Regarding the Emergency Liquidity Reserve--There Are Special Considerations for Wealthy Clients Who May Overestimate Such Needs.
The Importance of Maximizing Mortgage Interest Deductions.
Investment Reservoir Issues--Getting Funds Invested and Avoiding Funds Staying Too Long on the Sidelines.
Specialized Income Tax Planning Considerations That Frequently Apply to High-Income and High Net Worth Individuals.
Investments and Time--The Most Powerful Variable in Investment Return Expectations.
Specific Investment Vehicles--A Basic Review of the Options Available in the Wealth Manager's Arsenal.
Managing Debt--The Opportunities and Constraints Associated With Discretionary Debt, Often a Primary Focus of Wealth Management.
Benefit and Retirement Programs--Understanding the Client's Employment Benefits and Opportunities in This Important Realm.
Insurance Coverage--Coverage for Which the Client's Individual Decision, Aided By the Wealth Manager's Counsel, Is Crucial.
Estate Planning--Dealing With the Potentially Onerous Tax Implications and the Variety of Methods to Preserve Wealth for Future Generations.
Key Planning Situations That Require Wealth Managers to Be Especially Insightful, Such As Marital Agreements and Business Succession.
Employee Stock Options and the Tax, Securities Law and Other Important Planning Considerations Wealth Managers Should Understand to Help Clients Take Maximum Advantage of these Wealth-Building Tools.
Alternative Investments--An Area of Increased Attention From Wealth Managers, their Clients and the Media in Recent Years As a Reaction to the Combination of Increased Volatility and Steep Declines in Traditional Equity Markets.
Also Included Is a Brief Bibliography of Analytical and Data Resources That Are Recommended By the Author.
This Updated Edition Includes the Latest Tax Law and Regulations, Including Tipra, and Inflation-Adjusted Figures.