Wealth Management in the New Economy

A practical guide to managing wealth in modern times Wealth Management in the New Economy addresses a wide array of wealth management topics and established financial theories. Author Norbert Mindel has successfully advised his clients for more than three decades in the business. Now, with this new book, he shares the wisdom he has acquired and offers valuable insights into successful wealth management in an economy that has changed dramatically over the past year. Along the way, Mindel explores the essential aspects of this discipline, including the keys to wealth creation, properly managing risk, asset protection, planning for a prosperous retirement, and many other issues that you need to understand in order to survive and flourish in today's economy. While market forces are far too complex to be fully predicted or exploited, it is still possible to protect and grow your-or your client's-wealth. Wealth Management in the New Economy will show you how to achieve this important goal. Reveals how you can reduce market risk by using proven theories of portfolio management Written by accomplished financial advisor, attorney, and CPA Norbert Mindel Lays out strategies wealth managers and investors both can use to protect and grow wealth in the new economy For practical financial guidance you can count on, look no further than Wealth Management in the New Economy.

A practical guide to managing wealth in modern timesWealth Management in the New Economy addresses a wide array ofwealth management topics and established financial theories. AuthorNorbert Mindel has successfully advised his clients for more thanthree decades in the business. Now, with this new book, he sharesthe wisdom he has acquired and offers valuable insights intosuccessful wealth management in an economy that has changeddramatically over the past year. Along the way, Mindel explores theessential aspects of this discipline, including the keys to wealthcreation, properly managing risk, asset protection, planning for aprosperous retirement, and many other issues that you need tounderstand in order to survive and flourish in today's economy.While market forces are far too complex to be fully predicted orexploited, it is still possible to protect and grow your-or yourclient's-wealth. Wealth Management in the New Economy will show youhow to achieve this important goal.* Reveals how you can reduce market risk by using proven theoriesof portfolio management* Written by accomplished financial advisor, attorney, and CPANorbert Mindel* Lays out strategies wealth managers and investors both can useto protect and grow wealth in the new economyFor practical financial guidance you can count on, look nofurther than Wealth Management in the New Economy.

Preface viiAcknowledgments xiiiIntroduction 1Part I Evolution of a Wealth Manager: My History, World, Experience, Clients, and Company 11Chapter 1 Starting Out 13Chapter 2 A Decade of Active Management 31Chapter 3 Working with Individual Investors 53Part II Investments and Managing Risk 75Chapter 4 The Futility of Active Management 77Chapter 5 The Academic Background 91Chapter 6 Implementing the Strategy 125Part III Managing Your Retirement 163Chapter 7 Planning for Your Retirement and Creating Income for Life 165Chapter 8 Using Annuities as an Income Tool 171Chapter 9 Using IRAs and Company Retirement Plans 191Part IV Wealth Protection: Facing a World of Risk 213Chapter 10 Best Uses for Life Insurance 215Chapter 11 The Importance of Long-Term-Care Insurance 241Part V Transferring Wealth and the Next Generation 251Chapter 12 Transferring Wealth with Estate Planning 253Chapter 13 Transferring Wealth within the Family: Inheritance Issues for Family Businesses 281Epilogue 293Notes 295About the Authors 303Index 307