Family Wealth Management Seven Imperatives for Successful Investing in the New World Order

ISBN-10: 0470824298

ISBN-13: 9780470824290

Edition: 2013

Authors: Stephen George, Mark Haynes Daniell, Tom McCullough

List price: $39.99
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Family Wealth Management provides a new and entirely unique model of investing which is both high return and consistent with a set of valuable ethical and governance principles.Investors can pursue an approach to the investment of their family wealth which achieves docile return without sacrificing the principles upon which they may choose to build their family legacies.Investing substantial family money is not easy. Investing that wealth in a manner which is both ethical and effective is an even greater challenge. The increase of volatility and risk in financial products, the rising expense of financial services and the complexity of global financial markets have made the investment of family wealth increasingly difficult. Finding the right balance of risk, return and investment decisions is not an easy task.Optimizing returns while pursuing a path of principled investing is an even greater challenge, adding a dimension of extra complexity – but also extra value – to a family’s portfolio objectives.
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Book details

List price: $39.99
Copyright year: 2013
Publisher: John Wiley & Sons, Limited
Publication date: 10/18/2013
Binding: Hardcover
Pages: 480
Size: 6.25" wide x 9.50" long x 1.25" tall
Weight: 1.826
Language: English

Introduction and Overview: A Critical Time for Family Investors
Setting Out a New Approach to Family Wealth Management
Arriving at a Point of Inflection in the History of Family Wealth
Addressing the Differences between Private and Institutional Investing
Reinforcing the Importance of a Disciplined Investment Process
The Seven Imperatives
Establish Family Vision, Values, and Goals
Documenting Family Philosophy, Vision, and Values
Determining the Purpose of Wealth and Setting High-Level Financial Goals
Structuring Assets and Aligning Investments to Serve Multiple Purposes
Integrating the Family Business into Wealth Management Strategy
Set a Practical Framework for Family Investment
Rethinking Modern Portfolio Theory, Considering Goals-Based Wealth Management
Reviewing Different Approaches to Asset Allocation
Comprehensive Risk Management
Set a Long-Term Family Wealth Strategy and Define the Asset Allocation Model
The Elements of Long-Term Strategy
Investing for the Future: Mega-Themes and Principled Investment Management
Long-Term Strategy Document (Example)
Draft the Annual Investment Policy Statement and Refine Investment Tactics
Drafting the Annual Investment Policy Statement and Refining Investment Tactics
Rethinking the Role of Traditional Asset Classes
Assessing Alternative Assets and the Search for Recurring Alpha
Selecting Individual Investments and Investment Managers
Investment Policy Statement (Example)
Monitor Performance and Respond to the Need for Change
Monitoring Performance against Internal Goals and External Benchmarks
"White Water Investing" and the Management of Wealth in Turbulent Times
Select and Manage an Ecosystem of Trusted Financial Advisors
Designing the Ecosystem and Selecting Advisors
The Role of the Family Office
Engage and Educate the Family
Determining the Right Wealth Distribution Strategy
Preparing the Family for Successful Management and Transfer of Wealth
Pulling It All Together: The Successful Management and Transfer of Wealth Across Generations
List of Essay Writers
List of Figures and Tables
About the Authors
About the Raffles Family Wealth Trust
About Northwood Family Office
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