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.
Autorentext
TOM MCCULLOUGH is Chairman and CEO of Northwood Family Office, a multi-family office which serves the comprehensive financial needs of families of significant net worth. Northwood was founded in 2003 and has quickly risen to prominence as an international leader in its field. Tom has spent over 30 years in the field of family wealth management and is also an adjunct professor of Private Wealth Management at the University of Toronto's Rotman School of Management, and co-author of Family Wealth Management (Wiley, 2013).
DR. KEITH WHITAKER is President of Wise Counsel Research, a think tank and consultancy focused on families with significant wealth. He served as Managing Director at Wells Fargo Family Wealth and currently serves on the board of directors of the National Association of Scholars. For many years, Keith has helped enterprising families develop their rising generation, organize their estates, and plan leadership transitions.
Klappentext
Find answers inside from the world's leading experts, including:
Patricia Angus • Patricia Annino • Josh Baron • Doug Baumoel • Christopher Brightman Jean Brunel • Ashvin Chhabra • Randolph Cohen • Charles Collier • Robert Dannhauser John Davis • Fernando del Pino • Heidi Druckemiller • Mary Duke • Jennifer East Coventry Edwards-Pitt • Charles Ellis • Peter Evans • Jamie Forbes • Dean Fowler James Garland • Kelin Gersick • Hartley Goldstone • Katherine Grady James Grubman • Alasdair Halliday • Barbara Hauser • Lee Hausner • Scott Hayman Andrew Hier • Stephen Horan • James Hughes • Dennis Jaffe • Nina Kumar Rob Lachenauer • Ivan Lansberg • Suniya Luthar • Philip Marcovici • Howard Marks Barnaby Marsh • Susan Massenzio • Robert Maynard • Greg McCann Anne McClintock • Scotty McLennan • Lisa Parker • Ellen Miley Perry • Ellen Remmer Kirby Rosplock • Paul Schervish • Alex Scott • Jill Shipley • Meir Statman Christian Stewart • Blair Trippe • Thayer Willis • Kathy Wiseman
"With Wealth of Wisdom, Tom, Keith, and their cadre of experts offer families the tools and resources they need to move into the future with clarity, confidence, and control." Dirk Jungé, Chairman, Pitcairn Company
Zusammenfassung
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.
Inhalt
Foreword xiii
Dirk Jungé
Acknowledgments xvii
Introduction xix
SECTION 1 THINKING THROUGH WHAT MATTERS MOST 1
Chapter 1 Are You Wealthy? 3
Patricia Angus
Chapter 2 What Are the Most Important Factors in Living Well? 9
Scotty McLennan
Chapter 3 What Are the Key Considerations in Crafting Your Legacy? 15
Thayer Willis
Chapter 4 What Does Passing on Values to the Next Generation Really Look Like? 23
Ellen Miley Perry
Chapter 5 How to Think Through Using Resources That Exceed My Personal Needs? 31
Paul Schervish
Chapter 6 Does Family History Matter? 39
Heidi Druckemiller
SECTION 2 PLANNING THOUGHTFULLY 45
Chapter 7 Is It Worth Having a Financial Plan? 47
Scott Hayman
Chapter 8 What Is the Right Balance Between Saving and Spending in Retirement? 55
Meir Statman
Chapter 9 How Do You Start a Family Conversation About Prenuptial Arrangements? 63
Charles Collier
Chapter 10 How Can You Preserve a Beloved Family Vacation Home or Estate? 67
Jamie Forbes
Chapter 11 How Can You Prepare for Longevity and Mental Incapacity Among Family Members? 75
Patricia Annino
Chapter 12 How Do You Prepare for a Good Goodbye? 81
Kathy Wiseman
SECTION 3 INVESTING WISELY 85
Chapter 13 How Can You Make Sure Your Portfolio Lines Up with Your Actual Goals? 87
Ashvin Chhabra
Chapter 14 What Ret…