Author: Philip Marcovici
Publisher: John Wiley & Sons
ISBN: 1119327547
Category : Business & Economics
Languages : en
Pages : 228
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Book Description
Wealth owners are responsible for more than just assets The Destructive Power of Family Wealth offers thoughtful, holistic planning to ensure that your wealth remains a positive force for your family. While today's families have become global and the world has become smaller and more mobile, we have not yet become immune to the problems wealth poses to the family unit. This book provides authoritative guidance on family wealth management, with an emphasis on both family and wealth. Global taxation regimes, changing bank secrecy laws, asset protection and other critical issues are examined in depth to assist wealth owners in planning, and the discussion includes details on the essential tools that aid in the execution of any wealth management strategy. More than a simple financial planning guide, this book also delves into the psychology of wealth, and the effect it has on different family members; wealth destroys families every day, and smart management means maintaining the health of the family as much as it means maintaining and expanding wealth. Family wealth brings advantages, but it also carries a potential for destruction. Wealth owners have a responsibility to their families and to themselves, and this book provides the critical guidance you need to get it right, whether you are part of a wealth-owning family or are an advisor to wealth-owning families. Learn how careful planning can prevent family strife Protect assets from risks ranging from divorce to political upheaval Explore the many tools that facilitate secure wealth management Discover how changing global regulations affect wealth Understand how private banks and other advisors work Uncover challenges faced by the wealth management industry Find out how to work with advisors and to manage costs while ensuring efficient and effective outcomes Families at all levels of wealth are vulnerable to shifting economic climates, evolving regulatory issues, asset threats and more. Any amount of wealth is enough to shatter a family, but deeply intentional planning based on thoughtful consideration is the key to keeping destructive forces at bay. The Destructive Power of Family Wealth provides expert guidance and a fresh perspective to help you maintain both family and wealth. For those in the wealth management industry and for other advisors to wealth-owning families, The Destructive Power of Family Wealth contains insight on the needs of today's wealth-owning families, ways in which the tools of wealth planning address those needs and guidance on what it takes to be a successful, trusted family advisor.
Author: Philip Marcovici
Publisher: John Wiley & Sons
ISBN: 1394280505
Category : Business & Economics
Languages : en
Pages : 439
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Book Description
"For wealth and business owning families and their advisers, this is the ultimate guide to getting it right." David Chong, Group President, Portcullis (Singapore) Pte. Ltd., described by the Singapore Academy of Law as The Guru of Asian Family Offices "Building on his previous work, The Transformative Power of Family Wealth is packed with insight and offers wealth owners powerful tools for channeling their resources into a force for good. Must reading not only for those stewards of family wealth, but for all those striving to serve them." Amaury Jordan, CFA, co-founder of Avalor Investment (Switzerland) and TriLake Partners (Singapore) "Philip’s book is a very worthwhile read for those who work with wealthy families. In particular, the paradigm of the Theory of Change as a mechanism to help to shape a succession planning strategy is fascinating. It is also refreshing to read a positive exposition of the role that private businesses can play in regenerating society." John Riches, Partner RMW Law and President of the International Academy of Estate and Trust Lawyers "With his extensive experience and deep insights, Philip’s latest book is required reading, not only for wealthy families and their advisors, but also for policy makers and thinkers as they ponder the role of wealthy families in tomorrow’s world." Edmund Leow S.C., Senior Partner, Dentons Rodyk & Davidson LLP, Singapore A manual for avoiding the common pitfalls of family wealth and businesses with a focus on how families can prosper while governments capture the benefits of wealth owning residents and citizens In The Transformative Power of Family Wealth, retired lawyer, wealth advisor, and tax consultant Philip Marcovici delivers a startlingly insightful and practical discussion of how family wealth and business owners can navigate internal and external challenges and have a positive and benevolent impact on the communities around them. For governments navigating the challenges and benefits of attracting and retaining wealth owners to their countries, an invaluable resource. The book explains how to handle the difficulties associated with generational succession, family infighting, growing societal inequality, and complex taxation regimes. It walks you through: How to retain and grow your family's wealth through generations so you can continue to have a positive impact on the world How to handle internal family “derailing” events, like divorce, mental illness, fraud, and more Strategies for mitigating political risk for family-run businesses with international exposure and investments Approaches for governments to consider, including the adoption of regenerative tax systems that capture opportunities to create vibrant economies that address growing wealth and income inequality Perfect for owners of family-run businesses and families with wealth, as well as the professionals, advisors, and consultants who work with them, The Transformative Power of Family Wealth is a must-read for lawyers, accountants, policymakers, legislators, regulators, journalists, and anyone else with an interest in improving their understanding of the issues affecting family wealth.
Author: Michael A. Cole
Publisher: John Wiley & Sons
ISBN: 1119264804
Category : Business & Economics
Languages : en
Pages : 198
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Book Description
A new, more comprehensive approach to long-term family wealth management More Than Money provides a high-level, integrated approach to preserving both financial resources and family harmony. Research has shown a failure rate of 70 percent in long-term multigenerational wealth management, and contrary to popular assumption, only five percent of that failure is due to bad investment, poor tax planning, or inadequate performance by legal and financial advisors. The number-one reason family wealth management fails is the family itself; poor communication, lack of trust, divergent visions, and a failure to prepare succeeding generations will tear down the resources the family has worked so hard to build. Traditional wealth management cannot fix this. Instead, this book offers a fresh approach that integrates strategic and tactical wealth management to align the family’s assets with the family members. With helpful tools and advice drawn from a real-world understanding of family complexities, you’ll improve your ability to preserve your family’s resources over multiple generations. With an expert’s perspective on the real forces behind successful family wealth management, this book provides a clear model and a practical roadmap for long-term financial preservation. Develop a shared family vision and mission Improve communication and trust among members Merge strategic and tactical planning Ensure the longevity of your family’s wealth The wealth management sphere tends to focus on taxes, investments, banking, and estate planning, but little thought is given to the people themselves—this overlooks the fact that individual family members are the most critical factor in multigenerational wealth management, and fails to provide solutions. More Than Money merges traditional strategies with family dynamics, communication, governance, and preparation to help your resources last for generations to come.
Author: Tom McCullough
Publisher: John Wiley & Sons
ISBN: 1119331536
Category : Business & Economics
Languages : en
Pages : 405
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Book Description
A critical resource for families managing significant wealth Wealth of Wisdom offers essential guidance and tools to help high-net-worth families successfully manage significant wealth. By compiling the 50 most common questions surrounding protection and growth, this book provides a compendium of knowledge from experts around the globe and across disciplines. Deep insight and thoughtful answers put an end to uncertainty, and help lay to rest the issues you have been wrestling with for years; by divulging central lessons and explaining practical actions you can take today, this book gives you the critical information you need to make more informed decisions about your financial legacy. Vital charts, graphics, questionnaires, worksheets and other tools help you get organised, develop a strategy and take real control of your family's wealth, while case studies show how other families have handled the very dilemmas you may be facing today. Managing significant wealth is a complex affair, and navigating the financial world at that level involves making decisions that can have major ramifications — these are not decisions to make lightly. This book equips you to take positive action, be proactive and make the tough decisions to protect and grow your family's wealth. Ensure your personal and financial success and legacy Access insight and data from leading experts Adopt the most useful tools and strategies for wealth management Learn how other families have successfully navigated common dilemmas When your family's wealth is at stake, knowledge is critical — and uncertainty can be dangerous. Drawn from interactions with hundreds ofwealthy individuals and families, Wealth of Wisdom provides a definitive resource of practical solutions from the world's best financial minds.
Author: CFA Institute
Publisher: John Wiley & Sons
ISBN: 1119743729
Category : Business & Economics
Languages : en
Pages : 1335
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Book Description
Portfolio Management in Practice, Volume 1: Investment Management delivers a comprehensive overview of investment management for students and industry professionals. As the first volume in the CFA Institute’s new Portfolio Management in Practice series, Investment Management offers professionals looking to enhance their skillsets and students building foundational knowledge an essential understanding of key investment management concepts. Designed to be an accessible resource for a wide range of learners, this volume explores the full portfolio management process. Inside, readers will find detailed coverage of: Forming capital market expectations Principles of the asset allocation process Determining investment strategies within each asset class Integrating considerations specific to high net worth individuals or institutions into chosen strategies And more To apply the concepts outlined in the Investment Management volume, explore the accompanying Portfolio Management in Practice, Volume 1: Investment Management Workbook. The perfect companion resource, this workbook aligns chapter-by-chapter with Investment Management for easy referencing so readers can draw connections between theoretical content and challenging practice problems. Featuring contributions from the CFA Institute’s subject matter experts, Portfolio Management in Practice, Volume 1: Investment Management distills the knowledge forward-thinking professionals will need to succeed in today’s fast-paced financial world.
Author: Don Nilson
Publisher: FriesenPress
ISBN: 1039187927
Category : Business & Economics
Languages : en
Pages : 260
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Book Description
The Ploughman and the Astronaut is not your average financial planning book. This is a finance self-help book for the intellectually curious. It is for people who not only want to learn what to do with their money, but who also want to understand what money means to them, their children, and their community. In exploring this, author Don Nilson takes his readers on a journey to improve their and their family’s lives financially, emotionally, spiritually, and even physically, as the stress of out-of control personal finances becomes a thing of the past. The Ploughman and the Astronaut is a surprising yet successful mix of self-help, philosophy, story-telling, and information on how to manage personal finances. The author has created a unique approach by assimilating concepts from other fields of thought (including genomics, psychology, ecology, and thermodynamics) to the world of personal finance, and by targeting topics to your level of interest and expertise. No matter what your current level of knowledge and experience is with personal finance, reading this book will help you evaluate and reshape how you view, use, and invest money. Most importantly, it will set you and your future generations on the path to WealthNess: A state of abundance of health and material possessions to achieve a life well lived.
Author: Peter Jaskiewicz
Publisher: Family Enterprise Knowledge Hub Publishing
ISBN: 1777806313
Category : Business & Economics
Languages : en
Pages : 341
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Book Description
Answering the most pressing thirty-five questions of Next Generation members in a short and concise, yet competent way—leading academics, practitioners, and enterprising families come together to empower Next Generation legacies. Masterfully detangling the intricate dynamics of the family, ownership, business, and wealth, the authors share best practices, real-life examples, and critical questions for reflection. Part 1: Family Defining family · Managing family dynamics · Dealing with conflicts · Family communication · Preparing generational transitions · Keeping the family united Part 2: Ownership Responsibilities and rights · Preparation of future owners · Dealing with non-active owners · Ownership transfers · Board expectations and roles · Owner networks Part 3: Business Preparing business entry · Working with nonfamily executives · Hiring family members · Promoting family members · Letting go of family members · Engaging family business consultants Part 4: Wealth Dealing with wealth · Pursuing a vocation outside of the family enterprise · Leaving the family enterprise · Selling the family business · Starting a family office · Pursuing philanthropy and impact investing Enabling Next Generation Legacies is a powerful guide for Next Generation members and their families to ask better questions, make better decisions, live better lives, and build stronger legacies.
Author: Adrian Adrian Cronje, PhD
Publisher: LINX Corporation
ISBN: 9781936961139
Category :
Languages : en
Pages : 192
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Book Description
Three Principles for Long-Lasting Wealth and Enduring Family Legacy First-generation wealth creators have a priceless opportunity to lay the groundwork for lasting family wealth and avoiding what is known in the field as the Shirtsleeves to Shirtsleeves phenomenon. In this book, preeminent wealth management experts and seasoned entrepreneurs Robert Balentine and Adrian Cronje of the storied wealth management firm Balentine LLC help readers think through in a very personal way what it takes to build a meaningful legacy and best support future generations. They offer their first-hand perspective on not only the financial, but also the emotional and psychological challenges that entrepreneurs commonly face and share their Three Guiding Principles for Long-Lasting Wealth and an Enduring Family Legacy: - Don't Mistake Wealth For Legacy - Distinguish between Your Business and The Business of Your Family - See The World Through The Next Generation's Eyes First-Generation Wealth shares stories that illuminate these guiding principles and also provide tactical steps entrepreneurs at any stage of their wealth and life journey can take to incorporate them into their long-term strategies.
Author: Paul L. Hokemeyer
Publisher: Simon and Schuster
ISBN: 1616497653
Category : Social Science
Languages : en
Pages : 336
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Book Description
Impacted by narcissism? You’re not alone. Celebrity culture drives us to aspire to be like the few who seem to have it all. But is it possible they simultaneously have everything- and nothing? Behind the glitz, wealth and fame of the celebrities we follow, there is a common trend that impacts all of us. The popular label of “narcissism,” and “narcissist” surfaces in all of our lives and results in self-destructive behaviors common to modern life, including stress, addiction, anxiety, fear, imposter syndrome, infidelity, and depression. Having treated some of the world’s most successful, wealthiest people and celebrities, Dr. Paul Hokemeyer applies his findings to tell us why so many people get trapped in narcissistic relationship cycles and shows how we can diminish their impact on ourselves and the people we love. Dr. Paul Hokemeyer (J.D., PH.D.) is the founder of Drayson Mews, a global resource for UHNW individuals, couples and families seeking clinically effective mental and relational health services, a licensed marriage and family therapist and graduate of the Global Leaders in Healthcare program at Harvard Medical School. In his book, Fragile Power, Dr. Paul shares from the therapist’s chair how feelings of shame, insecurity, abandonment, and emotional pain are all part of the human condition and how all of us, regardless of our levels of wealth, can heal ourselves, our relationships and the world we are privileged to live in.
Author: Oliver Bullough
Publisher: St. Martin's Press
ISBN: 1250208718
Category : Social Science
Languages : en
Pages : 320
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Book Description
Inc.com 5 Business Thrillers to Read on the Beach This Summer * Amazon Best Book of the Month - Nonfiction * An Economist Book of the Year * The Sunday Times Business Book of the Year "If you want to know why international crooks and their eminently respectable financial advisors walk tall and only the little people pay taxes, this is the ideal book for you. Every politician and moneyman on the planet should read it, but they won't because it's actually about them." —John le Carré, author of A Legacy of Spies An investigative journalist's deep dive into the corrupt workings of the world's kleptocrats. From ruined towns on the edge of Siberia, to Bond-villain lairs in London and Manhattan, something has gone wrong. Kleptocracies, governments run by corrupt leaders that prosper at the expense of their people, are on the rise. Once upon a time, if an official stole money, there wasn't much he could do with it. He could buy himself a new car or build himself a nice house or give it to his friends and family, but that was about it. If he kept stealing, the money would just pile up in his house until he had no rooms left to put it in, or it was eaten by mice. And then some bankers had a bright idea. Join the investigative journalist Oliver Bullough on a journey into Moneyland—the secret country of the lawless, stateless superrich. Learn how the institutions of Europe and the United States have become money-laundering operations, attacking the foundations of many of the world's most stable countries. Meet the kleptocrats. Meet their awful children. And find out how heroic activists around the world are fighting back. This is the story of wealth and power in the 21st century. It isn't too late to change it.
