The New Direct for Portfolio Managers
Buch, Englisch, 200 Seiten
ISBN: 978-1-84374-266-1
Verlag: Euromoney
Newly revised and updated, Jean Brunel's best-selling text on advising high-net-worth portfolio managers is now available.
The guru of wealth management provides you with unique insight into how to make strategic, long-term decisions in the best interests of your clients.
Includes two new chapters on behavioural finance in the strategic asset allocation process; and investing in hedge funds and alternative investments.
Integrated Wealth Management emphasizes how you, the high-net-worth portfolio manager must follow a different set of rules, from your institutional counterparts. The author gives you the "step by step" tools necessary to make long term decisions that will be in the best interest of your clients.
Private wealth management is a new, discrete discipline, and not just a variation on the traditional investment management theme. The factors necessitating this new discipline include taxation, using options and risk strategies, individual cash flow needs and investor psychology. As an investment advisor, you need to challenge conventional wisdom or you will be putting your client's legacy at risk.
Integrated Wealth Management: The New Direction for Portfolio Managers answers such key questions as:
How do I create "after-tax alpha" for my client?
How do I define an appropriate asset mix that makes sense over time?
What are the costs associated with tax-efficiency?
How do I best define an achievable goal for my client?
What strategies of the "active versus passive management debate" apply to taxable wealth?
Am I over-estimating my client's tolerance for risk?
What can I do to assess volatility for decision-making purposes?
Why do so many investment theories ignore taxes -- and why is that so dangerous?
In Integrated Wealth Management, five major sections address the foundation of a new paradigm for wealth management: opportunities and issues, planning, implementing, supervising, and monitoring a wealth management strategy.
The author, Jean Brunel, CFA is the managing principal of Brunel Associates, a firm offering wealth management consulting services to high-net-worth investors. He is the editor of The Journal of Wealth Management and has participated in various task forces for the Association for Investment Management and Research. A Chartered Financial Analyst, Mr. Brunel has over 25 years experience in investment, including Chief Investment Officer of JP Morgan's Global Private Bank and of U.S. Bancorp's Private Asset Management Group.
The Journal of Wealth Management offers practical and substantive analysis on investment strategies for high-net-worth, taxable portfolios. It provides detailed, comprehensive research from practitioners and academics on the art and science of private portfolio management.
Industry praise for the first edition:
"Jean [Brunel], the 'Lewis and Clark' of wealth management -- has mapped the territory of asset allocation, tax efficiency, risk, and investment choices with insight and clarity." --Charlotte B. Beyer, CEO, The Institute for Private Investors
"This ground-breaking and authoritative book will show portfolio managers the route to a more effective wealth management strategy.The author brilliantly discusses the new paradigm of wealth management along with its process and phases.This book is a must for every portfolio and wealth manager looking for 'new direction'."
Greg N Gregoriou, State University of New York (Plattsburgh), USA
Brunel
Integrated Wealth Management jetzt bestellen!
The guru of wealth management provides you with unique insight into how to make strategic, long-term decisions in the best interests of your clients.
Includes two new chapters on behavioural finance in the strategic asset allocation process; and investing in hedge funds and alternative investments.
Integrated Wealth Management emphasizes how you, the high-net-worth portfolio manager must follow a different set of rules, from your institutional counterparts. The author gives you the "step by step" tools necessary to make long term decisions that will be in the best interest of your clients.
Private wealth management is a new, discrete discipline, and not just a variation on the traditional investment management theme. The factors necessitating this new discipline include taxation, using options and risk strategies, individual cash flow needs and investor psychology. As an investment advisor, you need to challenge conventional wisdom or you will be putting your client's legacy at risk.
Integrated Wealth Management: The New Direction for Portfolio Managers answers such key questions as:
How do I create "after-tax alpha" for my client?
How do I define an appropriate asset mix that makes sense over time?
What are the costs associated with tax-efficiency?
How do I best define an achievable goal for my client?
What strategies of the "active versus passive management debate" apply to taxable wealth?
Am I over-estimating my client's tolerance for risk?
What can I do to assess volatility for decision-making purposes?
Why do so many investment theories ignore taxes -- and why is that so dangerous?
In Integrated Wealth Management, five major sections address the foundation of a new paradigm for wealth management: opportunities and issues, planning, implementing, supervising, and monitoring a wealth management strategy.
The author, Jean Brunel, CFA is the managing principal of Brunel Associates, a firm offering wealth management consulting services to high-net-worth investors. He is the editor of The Journal of Wealth Management and has participated in various task forces for the Association for Investment Management and Research. A Chartered Financial Analyst, Mr. Brunel has over 25 years experience in investment, including Chief Investment Officer of JP Morgan's Global Private Bank and of U.S. Bancorp's Private Asset Management Group.
The Journal of Wealth Management offers practical and substantive analysis on investment strategies for high-net-worth, taxable portfolios. It provides detailed, comprehensive research from practitioners and academics on the art and science of private portfolio management.
Industry praise for the first edition:
"Jean [Brunel], the 'Lewis and Clark' of wealth management -- has mapped the territory of asset allocation, tax efficiency, risk, and investment choices with insight and clarity." --Charlotte B. Beyer, CEO, The Institute for Private Investors
"This ground-breaking and authoritative book will show portfolio managers the route to a more effective wealth management strategy.The author brilliantly discusses the new paradigm of wealth management along with its process and phases.This book is a must for every portfolio and wealth manager looking for 'new direction'."
Greg N Gregoriou, State University of New York (Plattsburgh), USA
Autoren/Hrsg.
Fachgebiete
- Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
- Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Bankwirtschaft
- Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Anlagen & Wertpapiere
- Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Internationale Finanzmärkte
Weitere Infos & Material
Contents Overview:
The wealth management process
Understanding investor psychology
Understanding tax efficiency
Multiple asset locations
Tax-efficient portfolio construction model
Capital market opportunities
Capital market forecasting
Active management
Low-basis stock
Strategic asset allocation
Incorporating benhavioural finance in the strategic asset allocation process
Intregrated wealth planning: investment policy
Market timing fallacy
Role of alternative assets in balaced portfolios
Tax-efficient portfolio management
Tax-efficient security selection
Style diversification: an impossible challenge?
Manager selection and managing multi-manager stables
Computing and assessing after-tax returns
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