Advising the Ultra-Wealthy: A Guide for Practitioners
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Cham
Springer International Publishing AG
2020
|
| Schlagworte: | |
| Beschreibung: | Description based on publisher supplied metadata and other sources |
| Beschreibung: | 1 Online-Ressource (131 Seiten) |
| ISBN: | 9783030576059 |
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| 505 | 8 | |a Intro -- Preface -- Contents -- List of Tables -- Introduction -- The Ultra-Wealthy Family and You -- The World of Ultra-Wealthy Families -- Organization of the Book -- 1: Ultra-Wealthy Families and Their Financial Advisors -- What Does It Take to Remain Ultra-Wealthy? -- What Human Skills Are Required to Advise the Ultra-Wealthy? -- What Technical Skills Are Required to Advise the Ultra-Wealthy? -- 2: How Families Get Rich (and Why It Matters to You) -- Newly Wealthy Families -- Inherited Wealth -- Conclusion -- 3: Differences Between Wealthy Families and Institutions -- Taxes -- Complexity -- Nature of the Advisory Community -- Money Managers -- Absolute Return Investors -- Non-Investment Issues Really Matter -- Wealth Tends to Dominate Everything -- Conclusion -- 4: Building an Ultra-Wealthy Family Client Base -- Working Your Way Up -- Recruiting Wealthy Family Clients to Your Existing Advisory Firm -- Demonstrate Your Intellectual Capital -- Cultivate COIs -- A Note About Credentialing -- Make Sure You Have What You Need -- Conclusion -- 5: A Wealthy Family's Many Advisors -- Attorneys -- Tax Accountants -- Bankers -- Investment Bankers -- Custodians -- Other Family Advisors -- Conclusion -- 6: Policy Statements for Wealthy Families -- Exhibit A -- Purpose -- Background: The Smith Family -- Statement of Objectives and Constraints -- Portfolio Performance -- Division of Responsibilities -- Investment Guidelines -- Asset Class Guidelines -- Restrictions -- Exhibit B -- Purpose of the Manual -- Purpose of the Investment Committee -- Meetings of the Investment Committee -- Exhibit C -- Purpose of the Spending Policy Statement -- The Function of the Family's Capital -- The Need for Growth in the Family's Capital -- The Objectives of a Spending Policy -- The Family Spending Rule -- Exhibit D -- Purpose -- Objectives and Portfolio -- Guidelines | |
| 505 | 8 | |a Allowable Securities -- Diversification and Credit Quality Guidelines -- Portfolio Duration -- Cash Equivalent Investments -- Derivatives -- Leverage -- Temporary, Emergency, or Defensive Investments -- Contributions and Withdrawals -- Review and Modification -- Performance Measurement and Reporting -- Approval -- 7: Evaluating Money Managers for Family Portfolios -- Finding Top Managers -- Conducting Diligence on Separate Account Managers -- Monitoring Best-in-Class Managers -- Alternative Asset Managers -- Conclusion -- 8: On Governance: Decision-Making in Families -- Family Investment Committees -- The Family Foundation -- Private Trust Companies -- 9: Family Philanthropy -- Charitable Vehicles -- Designing a Family Philanthropic Program -- Using the Foundation as an Investment Training Vehicle -- Integrating the Foundation into the Family -- 10: They're Selling the Family Company: Now What? -- Step One -- Step Two -- Step Three -- Step Four -- Step Five -- Step Six -- Step Seven -- Step Eight -- Step Nine -- Step Ten -- 11: What Is the Wealth For? -- Does the Family Have a Competitive Advantage? -- Does the Family Have Important Shared Values? -- Does the Family Want to Stay Together or Go Their Separate Ways? -- Investing in the Family's Human Capital -- 12: Socially Responsible Investing -- SRI Is Here to Stay -- How Families Invest in SRI -- Getting Good Advice -- Pitfalls in SRI Investing -- 13: Trusts and Estate Planning -- Gifts, Charity, and Taxes -- 14: Strengthening Your Existing Knowledge -- Asset Allocation for Ultra-Wealthy Families -- Recurring Mistakes Ultra-Wealthy Families Make -- Buying High and Selling Low -- Being Pennywise and Pound-Foolish -- Trouble Making Decisions -- Not Taking Advice -- Fear of the Unknown -- Disagreements About Socially Responsible Investing -- Failing to Learn -- Wanting to Invest Like Yale | |
| 505 | 8 | |a Nextgen and Family Transitions -- The Meaning of Stewardship -- Upgrading Portfolio Performance Systems -- The Family's Goals and Objectives -- Exhibit A -- The Likelihood of Encountering Severe Markets -- Navigating Treacherous Market Environments -- 15: Miscellaneous Issues that Affect the Ultra-Wealthy -- Asset Custody -- Managing Investment Taxes -- Working with Family Offices -- Your Advisory Agreement -- Conclusion -- Bibliography -- Index | |
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| contents | Intro -- Preface -- Contents -- List of Tables -- Introduction -- The Ultra-Wealthy Family and You -- The World of Ultra-Wealthy Families -- Organization of the Book -- 1: Ultra-Wealthy Families and Their Financial Advisors -- What Does It Take to Remain Ultra-Wealthy? -- What Human Skills Are Required to Advise the Ultra-Wealthy? -- What Technical Skills Are Required to Advise the Ultra-Wealthy? -- 2: How Families Get Rich (and Why It Matters to You) -- Newly Wealthy Families -- Inherited Wealth -- Conclusion -- 3: Differences Between Wealthy Families and Institutions -- Taxes -- Complexity -- Nature of the Advisory Community -- Money Managers -- Absolute Return Investors -- Non-Investment Issues Really Matter -- Wealth Tends to Dominate Everything -- Conclusion -- 4: Building an Ultra-Wealthy Family Client Base -- Working Your Way Up -- Recruiting Wealthy Family Clients to Your Existing Advisory Firm -- Demonstrate Your Intellectual Capital -- Cultivate COIs -- A Note About Credentialing -- Make Sure You Have What You Need -- Conclusion -- 5: A Wealthy Family's Many Advisors -- Attorneys -- Tax Accountants -- Bankers -- Investment Bankers -- Custodians -- Other Family Advisors -- Conclusion -- 6: Policy Statements for Wealthy Families -- Exhibit A -- Purpose -- Background: The Smith Family -- Statement of Objectives and Constraints -- Portfolio Performance -- Division of Responsibilities -- Investment Guidelines -- Asset Class Guidelines -- Restrictions -- Exhibit B -- Purpose of the Manual -- Purpose of the Investment Committee -- Meetings of the Investment Committee -- Exhibit C -- Purpose of the Spending Policy Statement -- The Function of the Family's Capital -- The Need for Growth in the Family's Capital -- The Objectives of a Spending Policy -- The Family Spending Rule -- Exhibit D -- Purpose -- Objectives and Portfolio -- Guidelines Allowable Securities -- Diversification and Credit Quality Guidelines -- Portfolio Duration -- Cash Equivalent Investments -- Derivatives -- Leverage -- Temporary, Emergency, or Defensive Investments -- Contributions and Withdrawals -- Review and Modification -- Performance Measurement and Reporting -- Approval -- 7: Evaluating Money Managers for Family Portfolios -- Finding Top Managers -- Conducting Diligence on Separate Account Managers -- Monitoring Best-in-Class Managers -- Alternative Asset Managers -- Conclusion -- 8: On Governance: Decision-Making in Families -- Family Investment Committees -- The Family Foundation -- Private Trust Companies -- 9: Family Philanthropy -- Charitable Vehicles -- Designing a Family Philanthropic Program -- Using the Foundation as an Investment Training Vehicle -- Integrating the Foundation into the Family -- 10: They're Selling the Family Company: Now What? -- Step One -- Step Two -- Step Three -- Step Four -- Step Five -- Step Six -- Step Seven -- Step Eight -- Step Nine -- Step Ten -- 11: What Is the Wealth For? -- Does the Family Have a Competitive Advantage? -- Does the Family Have Important Shared Values? -- Does the Family Want to Stay Together or Go Their Separate Ways? -- Investing in the Family's Human Capital -- 12: Socially Responsible Investing -- SRI Is Here to Stay -- How Families Invest in SRI -- Getting Good Advice -- Pitfalls in SRI Investing -- 13: Trusts and Estate Planning -- Gifts, Charity, and Taxes -- 14: Strengthening Your Existing Knowledge -- Asset Allocation for Ultra-Wealthy Families -- Recurring Mistakes Ultra-Wealthy Families Make -- Buying High and Selling Low -- Being Pennywise and Pound-Foolish -- Trouble Making Decisions -- Not Taking Advice -- Fear of the Unknown -- Disagreements About Socially Responsible Investing -- Failing to Learn -- Wanting to Invest Like Yale Nextgen and Family Transitions -- The Meaning of Stewardship -- Upgrading Portfolio Performance Systems -- The Family's Goals and Objectives -- Exhibit A -- The Likelihood of Encountering Severe Markets -- Navigating Treacherous Market Environments -- 15: Miscellaneous Issues that Affect the Ultra-Wealthy -- Asset Custody -- Managing Investment Taxes -- Working with Family Offices -- Your Advisory Agreement -- Conclusion -- Bibliography -- Index |
| ctrlnum | (ZDB-30-PQE)EBC6414244 (ZDB-30-PAD)EBC6414244 (ZDB-89-EBL)EBL6414244 (OCoLC)1226704366 (DE-599)BVBBV048224585 |
| dewey-full | 332.02401 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.02401 |
| dewey-search | 332.02401 |
| dewey-sort | 3332.02401 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| id | DE-604.BV048224585 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T19:50:39Z |
| indexdate | 2024-07-10T09:32:29Z |
| institution | BVB |
| isbn | 9783030576059 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033605318 |
| oclc_num | 1226704366 |
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| physical | 1 Online-Ressource (131 Seiten) |
| psigel | ZDB-30-PQE |
| publishDate | 2020 |
| publishDateSearch | 2020 |
| publishDateSort | 2020 |
| publisher | Springer International Publishing AG |
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| spelling | Curtis, Gregory Verfasser aut Advising the Ultra-Wealthy A Guide for Practitioners Cham Springer International Publishing AG 2020 ©2020 1 Online-Ressource (131 Seiten) txt rdacontent c rdamedia cr rdacarrier Description based on publisher supplied metadata and other sources Intro -- Preface -- Contents -- List of Tables -- Introduction -- The Ultra-Wealthy Family and You -- The World of Ultra-Wealthy Families -- Organization of the Book -- 1: Ultra-Wealthy Families and Their Financial Advisors -- What Does It Take to Remain Ultra-Wealthy? -- What Human Skills Are Required to Advise the Ultra-Wealthy? -- What Technical Skills Are Required to Advise the Ultra-Wealthy? -- 2: How Families Get Rich (and Why It Matters to You) -- Newly Wealthy Families -- Inherited Wealth -- Conclusion -- 3: Differences Between Wealthy Families and Institutions -- Taxes -- Complexity -- Nature of the Advisory Community -- Money Managers -- Absolute Return Investors -- Non-Investment Issues Really Matter -- Wealth Tends to Dominate Everything -- Conclusion -- 4: Building an Ultra-Wealthy Family Client Base -- Working Your Way Up -- Recruiting Wealthy Family Clients to Your Existing Advisory Firm -- Demonstrate Your Intellectual Capital -- Cultivate COIs -- A Note About Credentialing -- Make Sure You Have What You Need -- Conclusion -- 5: A Wealthy Family's Many Advisors -- Attorneys -- Tax Accountants -- Bankers -- Investment Bankers -- Custodians -- Other Family Advisors -- Conclusion -- 6: Policy Statements for Wealthy Families -- Exhibit A -- Purpose -- Background: The Smith Family -- Statement of Objectives and Constraints -- Portfolio Performance -- Division of Responsibilities -- Investment Guidelines -- Asset Class Guidelines -- Restrictions -- Exhibit B -- Purpose of the Manual -- Purpose of the Investment Committee -- Meetings of the Investment Committee -- Exhibit C -- Purpose of the Spending Policy Statement -- The Function of the Family's Capital -- The Need for Growth in the Family's Capital -- The Objectives of a Spending Policy -- The Family Spending Rule -- Exhibit D -- Purpose -- Objectives and Portfolio -- Guidelines Allowable Securities -- Diversification and Credit Quality Guidelines -- Portfolio Duration -- Cash Equivalent Investments -- Derivatives -- Leverage -- Temporary, Emergency, or Defensive Investments -- Contributions and Withdrawals -- Review and Modification -- Performance Measurement and Reporting -- Approval -- 7: Evaluating Money Managers for Family Portfolios -- Finding Top Managers -- Conducting Diligence on Separate Account Managers -- Monitoring Best-in-Class Managers -- Alternative Asset Managers -- Conclusion -- 8: On Governance: Decision-Making in Families -- Family Investment Committees -- The Family Foundation -- Private Trust Companies -- 9: Family Philanthropy -- Charitable Vehicles -- Designing a Family Philanthropic Program -- Using the Foundation as an Investment Training Vehicle -- Integrating the Foundation into the Family -- 10: They're Selling the Family Company: Now What? -- Step One -- Step Two -- Step Three -- Step Four -- Step Five -- Step Six -- Step Seven -- Step Eight -- Step Nine -- Step Ten -- 11: What Is the Wealth For? -- Does the Family Have a Competitive Advantage? -- Does the Family Have Important Shared Values? -- Does the Family Want to Stay Together or Go Their Separate Ways? -- Investing in the Family's Human Capital -- 12: Socially Responsible Investing -- SRI Is Here to Stay -- How Families Invest in SRI -- Getting Good Advice -- Pitfalls in SRI Investing -- 13: Trusts and Estate Planning -- Gifts, Charity, and Taxes -- 14: Strengthening Your Existing Knowledge -- Asset Allocation for Ultra-Wealthy Families -- Recurring Mistakes Ultra-Wealthy Families Make -- Buying High and Selling Low -- Being Pennywise and Pound-Foolish -- Trouble Making Decisions -- Not Taking Advice -- Fear of the Unknown -- Disagreements About Socially Responsible Investing -- Failing to Learn -- Wanting to Invest Like Yale Nextgen and Family Transitions -- The Meaning of Stewardship -- Upgrading Portfolio Performance Systems -- The Family's Goals and Objectives -- Exhibit A -- The Likelihood of Encountering Severe Markets -- Navigating Treacherous Market Environments -- 15: Miscellaneous Issues that Affect the Ultra-Wealthy -- Asset Custody -- Managing Investment Taxes -- Working with Family Offices -- Your Advisory Agreement -- Conclusion -- Bibliography -- Index Financial security Rich people Erscheint auch als Druck-Ausgabe Curtis, Gregory Advising the Ultra-Wealthy Cham : Springer International Publishing AG,c2020 9783030576042 |
| spellingShingle | Curtis, Gregory Advising the Ultra-Wealthy A Guide for Practitioners Intro -- Preface -- Contents -- List of Tables -- Introduction -- The Ultra-Wealthy Family and You -- The World of Ultra-Wealthy Families -- Organization of the Book -- 1: Ultra-Wealthy Families and Their Financial Advisors -- What Does It Take to Remain Ultra-Wealthy? -- What Human Skills Are Required to Advise the Ultra-Wealthy? -- What Technical Skills Are Required to Advise the Ultra-Wealthy? -- 2: How Families Get Rich (and Why It Matters to You) -- Newly Wealthy Families -- Inherited Wealth -- Conclusion -- 3: Differences Between Wealthy Families and Institutions -- Taxes -- Complexity -- Nature of the Advisory Community -- Money Managers -- Absolute Return Investors -- Non-Investment Issues Really Matter -- Wealth Tends to Dominate Everything -- Conclusion -- 4: Building an Ultra-Wealthy Family Client Base -- Working Your Way Up -- Recruiting Wealthy Family Clients to Your Existing Advisory Firm -- Demonstrate Your Intellectual Capital -- Cultivate COIs -- A Note About Credentialing -- Make Sure You Have What You Need -- Conclusion -- 5: A Wealthy Family's Many Advisors -- Attorneys -- Tax Accountants -- Bankers -- Investment Bankers -- Custodians -- Other Family Advisors -- Conclusion -- 6: Policy Statements for Wealthy Families -- Exhibit A -- Purpose -- Background: The Smith Family -- Statement of Objectives and Constraints -- Portfolio Performance -- Division of Responsibilities -- Investment Guidelines -- Asset Class Guidelines -- Restrictions -- Exhibit B -- Purpose of the Manual -- Purpose of the Investment Committee -- Meetings of the Investment Committee -- Exhibit C -- Purpose of the Spending Policy Statement -- The Function of the Family's Capital -- The Need for Growth in the Family's Capital -- The Objectives of a Spending Policy -- The Family Spending Rule -- Exhibit D -- Purpose -- Objectives and Portfolio -- Guidelines Allowable Securities -- Diversification and Credit Quality Guidelines -- Portfolio Duration -- Cash Equivalent Investments -- Derivatives -- Leverage -- Temporary, Emergency, or Defensive Investments -- Contributions and Withdrawals -- Review and Modification -- Performance Measurement and Reporting -- Approval -- 7: Evaluating Money Managers for Family Portfolios -- Finding Top Managers -- Conducting Diligence on Separate Account Managers -- Monitoring Best-in-Class Managers -- Alternative Asset Managers -- Conclusion -- 8: On Governance: Decision-Making in Families -- Family Investment Committees -- The Family Foundation -- Private Trust Companies -- 9: Family Philanthropy -- Charitable Vehicles -- Designing a Family Philanthropic Program -- Using the Foundation as an Investment Training Vehicle -- Integrating the Foundation into the Family -- 10: They're Selling the Family Company: Now What? -- Step One -- Step Two -- Step Three -- Step Four -- Step Five -- Step Six -- Step Seven -- Step Eight -- Step Nine -- Step Ten -- 11: What Is the Wealth For? -- Does the Family Have a Competitive Advantage? -- Does the Family Have Important Shared Values? -- Does the Family Want to Stay Together or Go Their Separate Ways? -- Investing in the Family's Human Capital -- 12: Socially Responsible Investing -- SRI Is Here to Stay -- How Families Invest in SRI -- Getting Good Advice -- Pitfalls in SRI Investing -- 13: Trusts and Estate Planning -- Gifts, Charity, and Taxes -- 14: Strengthening Your Existing Knowledge -- Asset Allocation for Ultra-Wealthy Families -- Recurring Mistakes Ultra-Wealthy Families Make -- Buying High and Selling Low -- Being Pennywise and Pound-Foolish -- Trouble Making Decisions -- Not Taking Advice -- Fear of the Unknown -- Disagreements About Socially Responsible Investing -- Failing to Learn -- Wanting to Invest Like Yale Nextgen and Family Transitions -- The Meaning of Stewardship -- Upgrading Portfolio Performance Systems -- The Family's Goals and Objectives -- Exhibit A -- The Likelihood of Encountering Severe Markets -- Navigating Treacherous Market Environments -- 15: Miscellaneous Issues that Affect the Ultra-Wealthy -- Asset Custody -- Managing Investment Taxes -- Working with Family Offices -- Your Advisory Agreement -- Conclusion -- Bibliography -- Index Financial security Rich people |
| title | Advising the Ultra-Wealthy A Guide for Practitioners |
| title_auth | Advising the Ultra-Wealthy A Guide for Practitioners |
| title_exact_search | Advising the Ultra-Wealthy A Guide for Practitioners |
| title_exact_search_txtP | Advising the Ultra-Wealthy A Guide for Practitioners |
| title_full | Advising the Ultra-Wealthy A Guide for Practitioners |
| title_fullStr | Advising the Ultra-Wealthy A Guide for Practitioners |
| title_full_unstemmed | Advising the Ultra-Wealthy A Guide for Practitioners |
| title_short | Advising the Ultra-Wealthy |
| title_sort | advising the ultra wealthy a guide for practitioners |
| title_sub | A Guide for Practitioners |
| topic | Financial security Rich people |
| topic_facet | Financial security Rich people |
| work_keys_str_mv | AT curtisgregory advisingtheultrawealthyaguideforpractitioners |