Family wealth management : seven imperatives for successful investing in the new world order /
Mark Haynes Daniell; Tom McCullough.
- Singapore : John Wiley & Sons Singapore Pte Ltd, 2013.
- xxx, 445 p. : ill. ; 24 cm.
Includes index.
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 -- 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 -- Rethinking Modern Portfolio Theory, Considering Goals-Based Wealth Management -- Reviewing Different Approaches to Asset Allocation -- Comprehensive Risk Management -- The Elements of Long-Term Strategy -- Investing for the Future: Mega-Themes and Principled Investment Management -- Long-Term Strategy Document (Example) -- 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) -- Monitoring Performance against Internal Goals and External Benchmarks -- "White Water Investing" and the Management of Wealth in Turbulent Times -- Designing the Ecosystem and Selecting Advisors -- The Role of the Family Office -- 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.
Introducing a fresh perspective on wealth management, with proven solutions to the challenges of preserving wealth and investing well in turbulent times, this book introduces you to a model of wealth management that produces the desired return outcomes while being consistent with a family's overarching goals and values.