Overview
- Discusses the differences between wealthy families and institutions, and entrepreneurs and inheritors
- Covers the liability side of the balance sheet alongside investment goals, risk tolerance, evaluating money managers, and assessing portfolio performance
- Highlights the recurring mistakes family investors make
- Appeals to entry-level and mid-level financial professionals who wish to advise ultra-wealthy families
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About this book
This book, designed to be a guide for practitioners who wish to advise ultra-wealthy families, focuses on the difference between the ultra-wealthy and the ‘merely’ wealthy. With this in mind, the chapters devote little time to issues on which most financial advisors spend most of their time—retirement planning, IRA accounts, home mortgages, planning for college tuition, or financial planning in general. Practitioners working with the ultra-wealthy will instead need to grapple with complex tax issues, matters associated with the ever-changing world of trusts, the special world of the family office, money managers that are not available to anyone who is not an accredited investor or who enforce very high minimum account sizes, the family dynamics and human capital issues that destroy both families and wealth, and so on, all of which will be covered on a global scale in this book.
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Keywords
Table of contents (15 chapters)
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Front Matter
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Back Matter
Reviews
“Advising the Ultra-Wealthy is aspirational as well as practical. … An invaluable guide for navigating this complex and often little understood segment of the market.” (AdvisorEngine, advisorengine.com, February 2, 2021)
Authors and Affiliations
About the author
Gregory Curtis is the author of eight books, including three investment books: Family Capital, The Stewardship of Wealth, and Creative Capital. He is the author of nearly 50 white papers and journal articles on a variety of investment topics. Gregory’s blog appears every Friday morning and goes out to approximately 50,000 readers. It is available free of charge at https://gregorydcurtis.com/blog/. He has lectured at Harvard Law School, the Tepper School at Carnegie Mellon University, and the University of Pittsburgh School of Law, all in the USA.
Bibliographic Information
Book Title: Advising the Ultra-Wealthy
Book Subtitle: A Guide for Practitioners
Authors: Gregory Curtis
DOI: https://doi.org/10.1007/978-3-030-57605-9
Publisher: Palgrave Macmillan Cham
eBook Packages: History, History (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2020
Hardcover ISBN: 978-3-030-57604-2Published: 28 November 2020
Softcover ISBN: 978-3-030-57607-3Published: 28 November 2021
eBook ISBN: 978-3-030-57605-9Published: 27 November 2020
Edition Number: 1
Number of Pages: XVI, 128
Topics: Personal Finance/Wealth Management/Pension Planning, Investments and Securities