{"product_id":"protecting-clients-from-fraud-incompetence-and-scams-isbn-9780470539743","title":"Protecting Clients from Fraud, Incompetence and Scams","description":"\u003cp\u003eProtect your clients – and yourself – from all kinds of financial chicanery and stupidity with this vital new book\u003c\/p\u003e \u003cp\u003eIt doesn't matter if a financial error was made because of malice or ignorance – the end result is that you lose money. Luckily, you don't have to sit idly and take it. If you have \u003ci\u003eProtecting Clients from Fraud, Incompetence and Scams\u003c\/i\u003e, you can identify and avoid the dysfunctional sectors of the financial industry, steer clear of the fallout from the Madoff Era, and guide your clients to real, healthy, sustainable returns. This powerful book\u003cbr\u003e \u003c\/p\u003e \u003cul\u003e \u003cli\u003ePinpoints dysfunctional sectors within the financial industry and offers advice against frauds and scammers\u003c\/li\u003e \u003cli\u003eShows how a team approach to asset management can ward off financial predators\u003c\/li\u003e \u003cli\u003eOffers practical strategies and tools to combat client risk for Risk and Asset Management\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eOffering insightful information to protect your clients from all sorts of frauds and incompetence, this essential guide equips you with tips and techniques to spot the red flags of fraud and prevent it before it starts.\u003c\/p\u003e  \u003cb\u003eAcknowledgments.\u003c\/b\u003e  \u003cp\u003e\u003cb\u003eIntroduction: Every Accountant and Attorney Should Read This Book.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 1 Meltdown.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Party's Over.\u003c\/p\u003e \u003cp\u003eWe All Know The Result.\u003c\/p\u003e \u003cp\u003eGrim Statistics.\u003c\/p\u003e \u003cp\u003eRetirement Plans and the IRS.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 2 Everyone Needs a Family Office.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy a Family Office?\u003c\/p\u003e \u003cp\u003eRetaining a Firm.\u003c\/p\u003e \u003cp\u003eThe Family Office Advantage.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 3 Protect Your (Retirement) Assets.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Fiduciary Duty.\u003c\/p\u003e \u003cp\u003eDocumenting a Process.\u003c\/p\u003e \u003cp\u003ePlan Options\/Simple IRA.\u003c\/p\u003e \u003cp\u003eYou Cannot Save Enough.\u003c\/p\u003e \u003cp\u003eAnother Option – The 412(e)(3).\u003c\/p\u003e \u003cp\u003eThe Cash-Balance Plan.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 4 How Much Did You Lose Last Year?\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBasic Financial Strategies Quiz.\u003c\/p\u003e \u003cp\u003eEstate and Financial Planning.\u003c\/p\u003e \u003cp\u003eLife Insurance.\u003c\/p\u003e \u003cp\u003eSuccession Planning.\u003c\/p\u003e \u003cp\u003eThe Buy-Sell.\u003c\/p\u003e \u003cp\u003eMedical Insurance.\u003c\/p\u003e \u003cp\u003eAsset Protection.\u003c\/p\u003e \u003cp\u003eVEBA.\u003c\/p\u003e \u003cp\u003eOther Post-Employment Benefits.\u003c\/p\u003e \u003cp\u003eOPEB Cost.\u003c\/p\u003e \u003cp\u003eVEBA Plan Benefits.\u003c\/p\u003e \u003cp\u003eTaxes.\u003c\/p\u003e \u003cp\u003eRetirement.\u003c\/p\u003e \u003cp\u003eLegislative Changes.\u003c\/p\u003e \u003cp\u003eHSA\/HRA.\u003c\/p\u003e \u003cp\u003e412(e).\u003c\/p\u003e \u003cp\u003eAudits.\u003c\/p\u003e \u003cp\u003eShelters.\u003c\/p\u003e \u003cp\u003e6707A.\u003c\/p\u003e \u003cp\u003eCaptives.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 5 Self-Defense.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCaptive Insurance.\u003c\/p\u003e \u003cp\u003eBasics.\u003c\/p\u003e \u003cp\u003eSharing.\u003c\/p\u003e \u003cp\u003eCaveats.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 6 Asset Protection Basics.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAsset Protection—Necessity, Not Luxury.\u003c\/p\u003e \u003cp\u003eWho Needs Asset Protection?\u003c\/p\u003e \u003cp\u003eSeparating Ownership from Control.\u003c\/p\u003e \u003cp\u003eWhat Is a Trust?\u003c\/p\u003e \u003cp\u003eHow Does a Trust Work?\u003c\/p\u003e \u003cp\u003eHow Is a Trust Used?\u003c\/p\u003e \u003cp\u003eOffshore Trusts.\u003c\/p\u003e \u003cp\u003eAsset Protection FAQs.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 7 Shifting the Risk Equation—Insurance Maneuvers.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eKey Employee Insurance.\u003c\/p\u003e \u003cp\u003eLTCi for The Business Owner.\u003c\/p\u003e \u003cp\u003eLife Insurance for Business Continuation.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 8 Reevaluating Existing Insurance.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEvaluation or Audit.\u003c\/p\u003e \u003cp\u003eConsultative Leverage.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 9 What Financial Advisors “Forget” to Tell Their Clients.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFiduciary Duty.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 10 The Truth About Variable Annuities.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eVariable Annuity Components.\u003c\/p\u003e \u003cp\u003eMortality and Expense Charges.\u003c\/p\u003e \u003cp\u003eGuarantees.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 11 What Life Insurance Agents “Forget” to Tell Their Clients.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eQuestionable Aspirations.\u003c\/p\u003e \u003cp\u003eCoverage Needs.\u003c\/p\u003e \u003cp\u003eEstate Taxes.\u003c\/p\u003e \u003cp\u003eThe ILIT.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 12 What You \u003ci\u003eMust\u003c\/i\u003e Know About Life Settlements.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLife Settlements.\u003c\/p\u003e \u003cp\u003eIndustry Regulation and Compliance.\u003c\/p\u003e \u003cp\u003eLicensing and Reporting.\u003c\/p\u003e \u003cp\u003eCompensation.\u003c\/p\u003e \u003cp\u003eCompensation Abuse.\u003c\/p\u003e \u003cp\u003eSuitability.\u003c\/p\u003e \u003cp\u003eBest Execution and Due Diligence.\u003c\/p\u003e \u003cp\u003eFraud Prevention.\u003c\/p\u003e \u003cp\u003eSTOLI.\u003c\/p\u003e \u003cp\u003eEvaluation and Processing.\u003c\/p\u003e \u003cp\u003eTax Treatment.\u003c\/p\u003e \u003cp\u003eCase Studies.\u003c\/p\u003e \u003cp\u003eCaveat Venditor.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 13 What Health Insurance Agents “Forget” to Tell Their Clients”.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOut of Control Costs.\u003c\/p\u003e \u003cp\u003eSmall Business at Risk.\u003c\/p\u003e \u003cp\u003eThe Risk of On-Site Medical Clinics.\u003c\/p\u003e \u003cp\u003eUsing an HSA for Your Personal Retirement.\u003c\/p\u003e \u003cp\u003eCreating an Employee Retirement Vehicle.\u003c\/p\u003e \u003cp\u003eIRS Form 8889 (HSA).\u003c\/p\u003e \u003cp\u003eMore Effective Strategy.\u003c\/p\u003e \u003cp\u003eAggregate Cap Planning.\u003c\/p\u003e \u003cp\u003eHRA.\u003c\/p\u003e \u003cp\u003eManaging General Underwriter.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 14 College Funding Strategies and Solutions.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Traditional Approach.\u003c\/p\u003e \u003cp\u003eGood Intentions, Disastrous Consequences.\u003c\/p\u003e \u003cp\u003eTraditional Vehicles.\u003c\/p\u003e \u003cp\u003eReal Life.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 15 Two Alternative Investments for Financial Independence.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Tertiary Market.\u003c\/p\u003e \u003cp\u003eHistory.\u003c\/p\u003e \u003cp\u003eRisk.\u003c\/p\u003e \u003cp\u003eReward.\u003c\/p\u003e \u003cp\u003eAnother Alternative.\u003c\/p\u003e \u003cp\u003eO\u0026amp;G Advantages.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 16 Avoiding Fraud: Small Business Case Study.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eSuspicion.\u003c\/p\u003e \u003cp\u003eInvestigation.\u003c\/p\u003e \u003cp\u003eFraud.\u003c\/p\u003e \u003cp\u003eDismissal and Prosecution.\u003c\/p\u003e \u003cp\u003eNew Mechanisms.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003eAppendix A Best of the Best.\u003c\/p\u003e \u003cp\u003eInsurance Advisors.\u003c\/p\u003e \u003cp\u003eInvestment Advisors.\u003c\/p\u003e \u003cp\u003eLaw.\u003c\/p\u003e \u003cp\u003eBusiness Services.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eEpilogue.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAbout the Authors. \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAbout the Contributors\u003c\/b\u003e.\u003c\/p\u003e \u003cp\u003eMark Boehm, MBA, CWPP\u003c\/p\u003e \u003cp\u003eAaron Skloff, AIF, CFA, MBA.\u003c\/p\u003e \u003cp\u003eCarl Allen, III.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eIndex.\u003c\/b\u003e\u003c\/p\u003e \u003cb\u003eLANCE WALLACH, CLU, CHFC\u003c\/b\u003e, is a leading speaker on accounting and taxation topics and the author of numerous AICPA CPE exam publications. In addition to developing CPE courses, he is also a member of the AICPA faculty of teaching professionals, and has been featured in the \u003ci\u003eWall Street Journal, the New York Times,\u003c\/i\u003e Bloomberg Financial News, NBC\u003ci\u003e, National Public Radio's All Things Considered,\u003c\/i\u003e and other radio talk shows. Mr. Wallach is listed in Who's Who in Finance and Business.  Every financial expert out there knows that bad faith and bad planning can take down even the biggest firms, wiping out billions of dollars of value in an instant. Whether it's internal fraud, a scammer, or an incompetent planner that takes your client's cash, the bottom line is: that money is gone and the loss should have been prevented.  \u003cp\u003eFilled with authoritative advice from financial expert Lance Wallach, \u003ci\u003eProtecting Clients from Fraud, Incompetence, and Scams\u003c\/i\u003e equips you as an accountant, attorney, or financial planner with the weaponry you need to detect bad investments before they happen and protect your clients' wealth—as well as your own.\u003c\/p\u003e \u003cp\u003eSharp and savvy in its frank, often humorous, and authoritative examination of financial fraud and mismanagement, you'll learn about the dysfunctional sectors in the financial industry and:\u003c\/p\u003e \u003cul\u003e \u003cli\u003e \u003cp\u003eProtecting your retirement assets\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eAsset protection basics\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eShifting the risk equation: insurance maneuvers\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eReevaluating existing insurance\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eWhat financial advisors and insurance agents \"forget\" to tell their clients\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eThe truth about variable annuities\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eWhat you must know about life settlements\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eThe smart way to approach college funding\u003c\/p\u003e \u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThe news for the past two years has been filled with gloom and dangers: swindles, Bernie Madoff, rip-offs, and the collapse of Bear Stearns and Lehman Brothers. But the party's over, and with that era done, it's more important than ever for you to perform due diligence on all financial maneuvers affecting the money you oversee and provide your clients with assurance in the form of practical solutions for risk and asset management.\u003c\/p\u003e \u003cp\u003eA pragmatic blueprint for identifying trouble spots you can expect and immediately useful solutions, \u003ci\u003eProtecting Clients from Fraud, Incompetence, and Scams\u003c\/i\u003e equips you with the resources, strategies, and tools you need to effectively protect your clients from frauds and financial scammers.\u003c\/p\u003e  \u003cb\u003eHow much money did \u003ci\u003eyour\u003c\/i\u003e clients lose in the Great Recession?\u003c\/b\u003e  \u003cp\u003eIt doesn't matter if a financial error was made because of malice or ignorance. The end result is the same:\u003c\/p\u003e \u003cp\u003eYou. Lost. Money.\u003c\/p\u003e \u003cp\u003eLuckily, you don't have to sit idly and take it. \u003ci\u003eProtecting Clients from Fraud, Incompetence, and Scams\u003c\/i\u003e will help you identify and avoid the dysfunctional sectors of the financial industry, steer clear of the fallout from the Madoff Era, and guide your clients to real, healthy, sustainable returns.\u003c\/p\u003e \u003cp\u003eThis powerful book:\u003c\/p\u003e \u003cul\u003e \u003cli\u003e \u003cp\u003ePinpoints dysfunctional sectors within the financial industry and offers advice against frauds and scammers\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eShows how a team approach to asset management can ward off financial predators\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eOffers practical strategies and tools to combat client exposure to risk and asset management\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eExpertly arms you with the tools to eliminate future frauds and reduce fraud losses\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eIdentifies trouble spots to avoid with solutions you can put to work right away\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eHelps you provide your clients with assurance in the form of practical solutions for risk and asset management\u003c\/p\u003e \u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eFinancial fraud and incompetence can't come to the party anymore! With insightful information to protect your clients from losing money, \u003ci\u003eProtecting Clients from Fraud, Incompetence, and Scams\u003c\/i\u003e is the book of the hour, equipping you with tips and techniques to spot the red flags of fraud and prevent it before it starts.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989878948069,"sku":"NP9780470539743","price":49.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470539743.jpg?v=1761785765","url":"https:\/\/k12savings.com\/es\/products\/protecting-clients-from-fraud-incompetence-and-scams-isbn-9780470539743","provider":"K12savings","version":"1.0","type":"link"}