The new wealth management (cfa institute investment series): the financial advisor’s guide to manag ing and investing client assets Ebook

The New Wealth Management provides detailed guidance on the process for developing the optimal asset allocation policy for each clients unique situation and goals. The book outlines a wealth management program that begins with client education and risk tolerance evaluation (even more critical now that seniors must be appraised and risk evaluated by advisors). The book covers investment theory and then provides guidelines to determining the clients optimal investment policy and developing an investment program based on individual goals, current and future resources, and personal constraints instead of using simplistic model portfolios (such as lifecycle models) or black box solutions.  The approach outlined in the book places goal achievement in primary position instead of investment vehicle.  Includes thorough background on investment theories, ready to use client educational presentation and risk tolerance questionnaire, asset allocation strategies to maximize client financial quality of life, structured screening process for electing and monitoring money managers, a review of client goals and constraints, taxable issues, data gathering, retirement planning.  Effectively blends investment theory and real world practice. The first edition of this important text was endorsed by investment industry luminaries including Charles Schwab, Don Phillips, John Bogle, and the president of the National Endowment for Financial Education.