Freedom from Wealth: The Experience and Strategies to Help Protect and Grow Private Wealth

Freedom from Wealth: The Experience and Strategies to Help Protect and Grow Private Wealth PDF Author: Charles Lowenhaupt
Publisher: McGraw Hill Professional
ISBN: 0071777628
Category : Business & Economics
Languages : en
Pages : 257

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Book Description
Proven strategies for meeting the unique—and increasingly complex—challenges of private wealth management Whether you’re a money manager or managing your own wealth, Freedom from Wealth provides the tools you need to improve the management of a family fortune in today's increasingly globalized financial landscape. The authors reveal new, global, measurable standards to ensure that wealth is managed in accordance with industry best practices. They call for families to adopt the standards and name a Standards Director who can oversee their implementation, arguing that these standards help prevent the fraud and financial chicanery that produced the Madoff scandal and other recent wealth-management improprieties. Charles A. Lowenhaupt is the founder, chairman, president, and CEO of Lowenhaupt Global Advisors and a managing member of Lowenhaupt & Chasnoff, LLC, the first U.S. law firm to concentrate in tax law, which was established by his grandfather in 1908. Donald B. Trone is the CEO of Strategic Ethos and former Director of the U.S. Coast Guard Academy Institute for Leadership. In 2003, he was appointed by the U.S. Secretary of Labor to represent the investment counseling industry on the ERISA Advisory Council.

Freedom from Wealth: The Experience and Strategies to Help Protect and Grow Private Wealth

Freedom from Wealth: The Experience and Strategies to Help Protect and Grow Private Wealth PDF Author: Charles Lowenhaupt
Publisher: McGraw Hill Professional
ISBN: 0071777628
Category : Business & Economics
Languages : en
Pages : 257

Get Book

Book Description
Proven strategies for meeting the unique—and increasingly complex—challenges of private wealth management Whether you’re a money manager or managing your own wealth, Freedom from Wealth provides the tools you need to improve the management of a family fortune in today's increasingly globalized financial landscape. The authors reveal new, global, measurable standards to ensure that wealth is managed in accordance with industry best practices. They call for families to adopt the standards and name a Standards Director who can oversee their implementation, arguing that these standards help prevent the fraud and financial chicanery that produced the Madoff scandal and other recent wealth-management improprieties. Charles A. Lowenhaupt is the founder, chairman, president, and CEO of Lowenhaupt Global Advisors and a managing member of Lowenhaupt & Chasnoff, LLC, the first U.S. law firm to concentrate in tax law, which was established by his grandfather in 1908. Donald B. Trone is the CEO of Strategic Ethos and former Director of the U.S. Coast Guard Academy Institute for Leadership. In 2003, he was appointed by the U.S. Secretary of Labor to represent the investment counseling industry on the ERISA Advisory Council.

Freedom from Wealth: The Experience and Strategies to Help Protect and Grow Private Wealth

Freedom from Wealth: The Experience and Strategies to Help Protect and Grow Private Wealth PDF Author: Charles Lowenhaupt
Publisher: McGraw Hill Professional
ISBN: 0071777636
Category : Business & Economics
Languages : en
Pages : 258

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Book Description
Proven strategies for managing private wealth today “In Freedom from Wealth, Charles Lowenhaupt is selling wisdom for emotionally intelligent wealth holders who want to beat the odds that wealth can’t bring happiness. Refreshing to read a book that is as much about preserving harmony and balance as it is about preserving wealth!” —Danny Meyer, author of Setting the Table: The Transforming Power of Hospitality in Business “When an entrepreneur discovers that the ‘struggle’ to grow an enterprise was in fact one of the most exhilarating and meaningful experiences life can offer, making sound decisions about inheritance and trusts becomes easier. Charles Lowenhaupt asks the question few other advisors dare to, namely, ‘What is the purpose of your wealth?’ Freedom from Wealth tackles this question and is a tribute to the possibilities of a meaningful legacy—and life—along with a how-to guide on best practices for wealthy families.” —Charlotte B. Beyer, founder and CEO, Institute for Private Investors “What is wealth for? . . . Lowenhaupt and Trone pose this question and offer superb methods for helping wealth owners answer it—and then provide the systems required to purposefully achieve that answer. I will be sharing this book with the families I still help and with their single family office leaders. I will require them to read it.” —James E. Hughes Jr., author of Family Wealth “Freedom from Wealth is a remarkable book that reflects on issues that wealthy clients face every day. The authors have taken an innovative approach to using philanthropy as a way to create healthy families.” —Charles W. Collier, Senior Philanthropic Advisor, Harvard University, and author of Wealth in Families About the Book: The conventional wisdom is that the ultra wealthy get and stay that way by being smart about their money. In fact, families of significant wealth often neglect the simplest but most profound question in managing the family fortune: What is the wealth for? Freedom from Wealth provides a detailed road map for managing fortunes across generations. Charles Lowenhaupt, one of the world’s most respected experts on family wealth, and Don Trone, one of Investment Advisor’s “30 most influential people in financial services,” bring to life the wealth management lessons learned by some of the world’s richest individuals and families. Drawing on decades of experience, the authors offer an insider’s perspective and share best practices to help you manage your or your family’s wealth. Rich in detail and insight, Freedom from Wealth offers a thorough, step-by-step process that individuals and their advisors can apply to investment management, governance, succession planning, education, and philanthropy. Written in an accessible, conversational language, Freedom from Wealth shows private wealth holders, their families, and their professional advisors how to: Develop clear principles to outline the purposes of wealth across every aspect of life and across generations Formulate a set of standards—a “business plan”—based on family principles Select and work with a Standards Director who can effectively create, implement, and monitor the standards Protect wealth by carefully executing due diligence Implement the same processes and infrastructure that institutional investors—the smart money— have always used Freedom from Wealth comes with valuable tools such as a model Private Wealth Policy Statement and a Self-Assessment Instrument that allow you to measure the success of your wealth management programs. Apply the methods of Freedom from Wealth to ensure that family money actually works for the family.

Wealth Management in the New Economy

Wealth Management in the New Economy PDF Author: Norbert M. Mindel
Publisher: John Wiley & Sons
ISBN: 0470482699
Category : Business & Economics
Languages : en
Pages : 336

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Book Description
A practical guide to managing wealth in modern times Wealth 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 economy For practical financial guidance you can count on, look no further than Wealth Management in the New Economy.

The Wise Inheritor's Guide to Freedom from Wealth

The Wise Inheritor's Guide to Freedom from Wealth PDF Author: Charles A. Lowenhaupt
Publisher: Bloomsbury Publishing USA
ISBN: 1440865531
Category : Business & Economics
Languages : en
Pages : 171

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Book Description
Wealth should never consume or imprison the wealth holder, but it can. This book provides solutions to the issues many wealth inheritors encounter, including problems with trust, family wealth secrets, and family legacy. The next generation may witness one of the largest transfers of wealth in history. By one estimate, millennials and Generation Z are set to inherit $30 trillion over the next 30 years. The sudden inheritance of significant wealth creates a variety of challenges that seem counterintuitive and can be difficult to understand and deal with, making inheritors of wealth feel isolated from friends and colleagues. Meanwhile, the wealth industry is fed by revenue paid by wealth owners, not inheritors, causing misalignment of priorities and generational conflict. The Wise Inheritor's Guide to Freedom from Wealth helps readers to put their new wealth in perspective, preparing them to lead inspired lives of self-actualization and freedom. As a third-generation wealth counselor and industry leader, Charles A. Lowenhaupt has helped wealth creators and inheritors to manage almost every imaginable challenge, including marital tension, family dysfunction, and addiction. Few people actually have the knowledge and experience to figure out the purpose of wealth and set it on its course. In this book, he helps wealth inheritors to develop a healthy relationship with wealth at a young age, thus enabling readers to live in harmony with both their wealth and their families.

Exceptional Wealth

Exceptional Wealth PDF Author: Mark Tepper
Publisher: Greenleaf Book Group
ISBN: 1626344574
Category : Business & Economics
Languages : en
Pages : 298

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Book Description
Are you a high net worth individual? Then the wealth management rules are different for you. Mark Tepper rightly assures us that we should all consider ourselves wealthy if we have the resources to live the lives we want to live without compromise. However, if you fall into one of his higher-net-worth categories, you will find that Exceptional Wealth is speaking directly to you. Tepper, author of the acclaimed Walk Away Wealthy, stresses that if you are someone with a high net worth, you have to realize that managing your wealth is complex. He clearly outlines key steps and sophisticated strategies that experienced professional financial advisors should be implementing for you. Each high net worth individual has unique and different forms of wealth, investments, and objectives. Consequently, individual and special family needs demand specifically tailored financial plans and approaches. Good investment management might have made you wealthy, but Tepper solidly brings home the point that only proper wealth management will keep you wealthy. Those whose wealth exceeds $1,000,000 will likely benefit most from the keys and myths that Tepper outlines, but this book is relevant for anyone looking to take the next step in wealth accumulation and preservation. The bottom line, as Tepper advises, is the following: Prosperous individuals require a higher level of sophistication when it comes to optimizing their financial affairs.

Wealth

Wealth PDF Author: Stuart E. Lucas
Publisher: Pearson Education
ISBN: 0132716038
Category : Business & Economics
Languages : en
Pages : 463

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Book Description
Never has it been more important to read Wealth: Grow It, Protect It, Spend It, and Share It. More of us have created more wealth today than ever before; managing our retirement assets is increasingly our own responsibility; and America is bracing for the largest intergenerational transfer of wealth in history. Added to this are the recent financial scandals which have left us confused about who to trust for good investment and wealth management advice. And because most advisors are specialists, the critical task of integrating the varied aspects of wealth management falls on our shoulders. Written by Stuart Lucas, an experienced investment professional, Carnation Company heir, and now manager of his family’s fortune, Wealth: • Helps you to ntegrate the financial and family aspects of wealth management into an actionable, coherent whole; • Provides the tools and information you need to take charge of your wealth, so that your advisors and your money are working toward achieving your goals; • Addresses family relationships and values, preparing your children for affluence, the motives of advisors, spending, philanthropy, taxes, estate planning, investment strategies, and more. In short, Wealth is the definitive guide to optimizing your financial future. The lessons of Wealth apply whether you have $100,000 or $100,000,000, whether your goal is to safeguard assets to last your lifetime or to create a financial legacy that will continue for generations.

Asset Protection

Asset Protection PDF Author: Jay Adkisson
Publisher: McGraw Hill Professional
ISBN: 0071505474
Category : Business & Economics
Languages : en
Pages : 337

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Book Description
Strategies that are effective and legal for putting one’s assets safely out of reach In today’s increasingly litigious world, the shielding of assets has become a prominent issue for financial planners, business owners, and high-net-worth individuals. Asset Protection details methods that are both legally and morally legitimate for protecting one’s assets from creditors, lawsuits, and scams. Bringing economic common sense and legitimacy to an area that is drowning in gimmickry, two of today’s top lawyers examine the fundamental issues in this growing area, avoiding dense legalese to make the book accessible to anyone. Asset Protection covers everything readers want to know about: Establishing an effective asset protection program Today’s most popular, established strategies Newer strategies that are still being resolved by the courts

Wealth

Wealth PDF Author: Stuart E. Lucas
Publisher: FT Press
ISBN: 0133132838
Category : Business & Economics
Languages : en
Pages : 523

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Book Description
Discover the best ways to build, protect, and sustain family and business wealth across generations! Wealth is the world's most valuable guide to wealth management for individuals, families, business owners, and the "upwardly affluent." In the six years since Stuart Lucas first wrote this book, however, the financial world has changed dramatically. Throughout the financial crisis and beyond, Lucas has led the University of Chicago's Private Wealth Management program, teaching more than 500 members of the world's wealthiest families. Now, he brings together extraordinary insights and constructs informed by this experience. Wealth, Updated and Revised Edition retains its core advice, which has been tested and proven by the worst financial crisis since the Great Depression. However, Lucas has updated his exclusive Strategic Wealth Management Framework to help even more individuals, families, and entrepreneurs aspiring to wealth or seeking to protect it. Lucas highlights key value drivers - family purpose, the economic engine, and leakage management - that mark the difference between family enterprises that succeed for generations and those that fail. He offers updated, sage advice on making financial decisions, evaluating "expert" advice, running a family business office, tax/estate planning, philanthropy, wealth preservation, and more. Since developing a family's human capital is the best antidote to Wall Street excess, this edition adds even more robust and actionable guidance for building a culture of Entrepreneurial Stewardship: one that enables and encourages all family members to flourish, and improves the odds that families can sustain wealth. This book is for all successful business owners and anyone who possesses (or aspires to own) substantial financial assets, whether earned or inherited. It will also be of keen interest to investment advisors, business consultants, business brokers, wealth industry practitioners, lawyers, accountants, tax advisors, and others who counsel the wealthy (and upwardly affluent) about wealth management.

Kiplinger's Personal Finance

Kiplinger's Personal Finance PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 122

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Book Description
The most trustworthy source of information available today on savings and investments, taxes, money management, home ownership and many other personal finance topics.

Wealth Protection

Wealth Protection PDF Author: Christopher R. Jarvis
Publisher: John Wiley & Sons
ISBN: 0471433543
Category : Business & Economics
Languages : en
Pages : 418

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Book Description
"As an asset protection lawyer, I think Mandell and Jarvis brilliantly explain the most effective wealth protection strategies. A must-read for advisors and clients alike." -Arnold S. Goldstein, PhD, LLM, JD author, Asset Protection Secrets "I really appreciate the 'Risk Factor Analysis.' It is a unique tool for diagnosing-and then solving-some of the toughest problems in maintaining and protecting your wealth." -Gordon Klein, JD, CPA, lecturer, UCLA's Anderson Graduate School of Management, frequent CNBC Commentator "Chris and David's concept of a 'Personal Economy' should be heeded by every individual investor. If you want to grow and shield what's yours, this book is a great start." -Jonathan Guryan, PhD, Asst. Professor of Economics University of Chicago Graduate School of Business The interest in protecting one's wealth is universal. Wealth Protection: Build and Preserve Your Financial Fortress serves as the ultimate handbook for readers who want to build their family's financial fortress and shield it from potential risks.