Evensky / Horan / Robinson The New Wealth Management

The Financial Advisor's Guide to Managing and Investing Client Assets
1. Auflage 2011
ISBN: 978-1-118-03691-4
Verlag: John Wiley & Sons
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 480 Seiten, E-Book

Reihe: The CFA Institute Series

Mainstay reference guide for wealth management, newly updated fortoday's investment landscape
For over a decade, The New Wealth Management: The FinancialAdvisor's Guide to Managing and Investing Client Assets hasprovided financial planners with detailed, step-by-step guidance ondeveloping an optimal asset allocation policy for their clients.And, it did so without resorting to simplistic model portfolios,such as lifecycle models or black box solutions. Today, whileThe New Wealth Management still provides a thoroughbackground on investment theories, and includes many ready to useclient presentations and questionnaires, the guide is newly updatedto meet twenty-first century investment challenges. The book
* Includes expert updates from Chartered Financial Analyst (CFA)Institute, in addition to the core text of 1997's first edition endorsed by investment luminaries Charles Schwab and JohnBogle
* Presents an approach that places achieving client objectivesahead of investment vehicles
* Applicable for self-study or classroom use
Now, as in 1997, The New Wealth Management effectivelyblends investment theory and real world applications. And intoday's new investment landscaped, this update to the classicreference is more important than ever.

Autoren/Hrsg.

Evensky, Harold

Horan, Stephen M.

Robinson, Thomas R.

Weitere Mitwirkende

Ibbotson, Roger

Inhaltsverzeichnis

Acknowledgments ix
Foreword xi
Preface xiii
CHAPTER 1 The Wealth Management Process 1
CHAPTER 2 Fiduciary and Professional Standards 13
CHAPTER 3 Client Goals and Constraints 33
CHAPTER 4 Risk Is a Four-Letter Word 55
CHAPTER 5 Data Gathering and Analysis 75
CHAPTER 6 Client Education 103
CHAPTER 7 Mathematics of Investing 121
CHAPTER 8 Investment Theory 149
CHAPTER 9 Asset Allocation 179
CHAPTER 10 Portfolio Optimization 193
CHAPTER 11 Taxes 233
CHAPTER 12 Retirement Planning 267
CHAPTER 13 Investment Policy Statement 313
CHAPTER 14 Portfolio Management 341
CHAPTER 15 Performance Appraisal and Evaluation 373
CHAPTER 16 Selecting Investment Managers 393
CHAPTER 17 Philosophy, Process, and People 421
About the Authors 439
About the CFA Institute Investment Series 441
About the CFA Program 445
Index 447

Über Autor(innen)

Harold Evensky CFP, is President of Evensky & Katz, anationally recognized wealth management firm. Acknowledged byFinancial Planning, Financial Planning Professional, InvestmentNews, and Worth as an industry leader, he served aschair of the TIAA-CREF Institute Advisory Board and is a member ofthe American Bar Association. In 1999, he was awarded the Dow JonesInvestment Advisor Portfolio Management Award for LifetimeAchievement.
Stephen M. Horan, PhD, CFA, manages professionaleducation and private wealth management content for CFA Institutemembers. He has served as both an editorial board member andabstractor for the CFA Digest and as an ad-hoc reviewer for theFinancial Analysts Journal. He holds a PhD in finance,publishes frequently in academic and professional journals, and hasauthored several books. Prior to joining the CFA Institute, he wasa professor of finance at St. Bonaventure University and principalof Alesco Advisors LLC.
Thomas R. Robinson, CFA, CFP, is Managing Director in theEducation Division of the CFA Institute, where he leads anddevelops the teams responsible for producing and deliveringeducational content and examinations to candidates, members, andother investment professionals, including those affiliated with theCFA Program, CIPM Program, and Lifelong Learning.