{"product_id":"the-new-wealth-management-isbn-9780470624005","title":"The New Wealth Management","description":"Mainstay reference guide for wealth management, newly updated for today's investment landscape  \u003cp\u003eFor over a decade, \u003ci\u003eThe New Wealth Management: The Financial Advisor's Guide to Managing and Investing Client Assets\u003c\/i\u003e has provided financial planners with detailed, step-by-step guidance on developing 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, while \u003ci\u003eThe New Wealth Management\u003c\/i\u003e still provides a thorough background on investment theories, and includes many ready to use client presentations and questionnaires, the guide is newly updated to meet twenty-first century investment challenges. The book\u003cbr\u003e \u003c\/p\u003e \u003cul\u003e \u003cli\u003eIncludes 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 John Bogle\u003c\/li\u003e \u003cli\u003ePresents an approach that places achieving client objectives ahead of investment vehicles\u003c\/li\u003e \u003cli\u003eApplicable for self-study or classroom use\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eNow, as in 1997, \u003ci\u003eThe New Wealth Management\u003c\/i\u003e effectively blends investment theory and real world applications. And in today's new investment landscaped, this update to the classic reference is more important than ever.\u003c\/p\u003e \u003cp\u003eAcknowledgments ix\u003c\/p\u003e \u003cp\u003eForeword xi\u003c\/p\u003e \u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003eCHAPTER 1 The Wealth Management Process 1\u003c\/p\u003e \u003cp\u003eCHAPTER 2 Fiduciary and Professional Standards 13\u003c\/p\u003e \u003cp\u003eCHAPTER 3 Client Goals and Constraints 33\u003c\/p\u003e \u003cp\u003eCHAPTER 4 Risk Is a Four-Letter Word 55\u003c\/p\u003e \u003cp\u003eCHAPTER 5 Data Gathering and Analysis 75\u003c\/p\u003e \u003cp\u003eCHAPTER 6 Client Education 103\u003c\/p\u003e \u003cp\u003eCHAPTER 7 Mathematics of Investing 121\u003c\/p\u003e \u003cp\u003eCHAPTER 8 Investment Theory 149\u003c\/p\u003e \u003cp\u003eCHAPTER 9 Asset Allocation 179\u003c\/p\u003e \u003cp\u003eCHAPTER 10 Portfolio Optimization 193\u003c\/p\u003e \u003cp\u003eCHAPTER 11 Taxes 233\u003c\/p\u003e \u003cp\u003eCHAPTER 12 Retirement Planning 267\u003c\/p\u003e \u003cp\u003eCHAPTER 13 Investment Policy Statement 313\u003c\/p\u003e \u003cp\u003eCHAPTER 14 Portfolio Management 341\u003c\/p\u003e \u003cp\u003eCHAPTER 15 Performance Appraisal and Evaluation 373\u003c\/p\u003e \u003cp\u003eCHAPTER 16 Selecting Investment Managers 393\u003c\/p\u003e \u003cp\u003eCHAPTER 17 Philosophy, Process, and People 421\u003c\/p\u003e \u003cp\u003eAbout the Authors 439\u003c\/p\u003e \u003cp\u003eAbout the CFA Institute Investment Series 441\u003c\/p\u003e \u003cp\u003eAbout the CFA Program 445\u003c\/p\u003e \u003cp\u003eIndex 447\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eHAROLD EVENSKY, CFP,\u003c\/b\u003e is President of Evensky \u0026amp; Katz, a nationally recognized wealth management firm. Acknowledged by \u003ci\u003eFinancial Planning, Financial Planning Professional, Investment News,\u003c\/i\u003e and \u003ci\u003eWorth\u003c\/i\u003e as an industry leader, he served as chair of the TIAA-CREF Institute Advisory Board and is a member of the American Bar Association. In 1999, he was awarded the Dow Jones Investment Advisor Portfolio Management Award for Lifetime Achievement. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eSTEPHEN M. HORAN, PhD, CFA,\u003c\/b\u003e manages professional education and private wealth management content for CFA Institute members. He has served as both an editorial board member and abstractor for the \u003ci\u003eCFA Digest\u003c\/i\u003e and as an ad-hoc reviewer for the \u003ci\u003eFinancial Analysts Journal\u003c\/i\u003e. He holds a PhD in finance, publishes frequently in academic and professional journals, and has authored several books. Prior to joining the CFA Institute, he was a professor of finance at St. Bonaventure University and principal of Alesco Advisors LLC. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eTHOMAS R. ROBINSON, CFA, CFP,\u003c\/b\u003e is Managing Director in the Education Division of the CFA Institute, where he leads and develops the teams responsible for producing and delivering educational content and examinations to candidates, members, and other investment professionals, including those affiliated with the CFA Program, CIPM Program, and Lifelong Learning.   \u003c\/p\u003e\u003cp\u003eResources for professionals interested in portfolio and asset management abound, but not much is available for those managing private wealth or handling the portfolios of multiple clients. Now in its second edition, \u003ci\u003eThe New Wealth Management: The Financial Advisor’s Guide to Managing and Investing Client\u003c\/i\u003e Assets continues to remedy this by providing a comprehensive reference for financial planners with detailed and accessible guidance on developing optimal asset allocation policies for clients. \u003c\/p\u003e\u003cp\u003eAs part of the CFA Institute Investment Series, the book is designed for a wide array of readers, ranging from graduate-level students focused on finance to practicing investment professionals, and everyone in between. \u003c\/p\u003e\u003cp\u003eMore relevant than ever before, this newly revised edition by Harold Evensky, along with Stephen Horan and Thomas Robinson, provides you with the most up-to-date information associated with this important discipline. \u003c\/p\u003e\u003cp\u003eRequiring customized solutions that address clients’ individual needs, the wealth management approach is unique in the world of finance. Bringing together in-depth writings on the most important wealth management issues with expert opinions and recommendations, \u003ci\u003eThe New Wealth Management\u003c\/i\u003e contains clear, example-driven coverage about how to place client objectives ahead of investment vehicles. \u003c\/p\u003e\u003cp\u003eWith the authors bringing their own unique experiences and perspectives to the study of wealth management, this book distills the knowledge, skills, and abilities you need to succeed in today’s dynamic financial environment. Filled with in-depth insights and practical advice, \u003ci\u003eThe New Wealth Management\u003c\/i\u003e is required reading for anyone interested in managing private wealth.   \u003c\/p\u003e\u003cp\u003e\u003cb\u003e\u003csmall\u003ePRAISE FOR\u003c\/small\u003e THE NEW WEALTH MANAGEMENT\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e“The business of wealth management is about more than exercising fiduciary responsibility over client funds. \u003ci\u003eThe New Wealth Management\u003c\/i\u003e explains the importance of working to achieve client objectives beyond simply managing their money. This book is an advisor’s road map to building and maintaining client wealth and well-being.”\u003cbr\u003e \u003cb\u003e—Meir Statman,\u003c\/b\u003e Glenn Klimek Professor of Finance, Santa Clara University, author of \u003ci\u003eWhat Investors Really Want\u003c\/i\u003e \u003c\/p\u003e\u003cp\u003e“The wealth management industry is a work-in-progress. It is thus fitting that, once in a while, insightful authors take the time to collate the state of the current wisdom and create a book such as \u003ci\u003eThe New Wealth Management\u003c\/i\u003e. It should be required reading for anyone practicing the trade, and many clients might also benefit. It is comprehensive, clear, and well written. It is hard to think of one good reason not to have this book by one’s side, as the handbook to which one turns when faced with a challenge.”\u003cbr\u003e \u003cb\u003e—Jean Brunel,\u003c\/b\u003e Managing Principal, Brunel Associates \u003c\/p\u003e\u003cp\u003e\u003ci\u003e“The New Wealth Management\u003c\/i\u003e is a masterpiece. Even the most experienced financial advisor has much to gain from this comprehensive, practitioner-focused manual. The well-crafted essays covering the most important issues for today’s wealth managers integrate the essential parts of the wealth management process. I highly recommend this outstanding book.”\u003cbr\u003e \u003cb\u003e—Michael Pompian, CFA, CFP,\u003c\/b\u003e Director, Private Wealth Practice, Hammond Associates, author, \u003ci\u003eBehavioral Finance and Wealth Management\u003c\/i\u003e \u003c\/p\u003e\u003cp\u003e“Since \u003ci\u003eWealth Management\u003c\/i\u003e was first published in 1997, it has been the authoritative guide for the wealth management profession. \u003ci\u003eThe New Wealth Management\u003c\/i\u003e is a more than worthy successor—comprehensive, accessible, and written specifically for practitioners. No one who takes their practice and their profession seriously should be without it. It is the definitive ‘how to’ reference book for wealth managers.”\u003cbr\u003e \u003cb\u003e—Scott Welch, CIMA,\u003c\/b\u003e Senior Managing Director, Investment Research \u0026amp; Strategy, Fortigent, LLC \u003c\/p\u003e\u003cp\u003e“Advisors working with investors of all types must not only have expertise, they must view the services they deliver through the eyes of the client. They must open broader conversations with investors about risk, investment acumen, and psychological biases. Through practical and situational application, this book guides advisors significantly in that direction. It is an excellent portfolio management resource which belongs in every advisor’s library.”\u003cbr\u003e \u003cb\u003e—Lisa Gray,\u003c\/b\u003e Managing Member, Graymatter Strategies, LLC, author of \u003ci\u003eThe New Family Office and Generational Wealth Management\u003c\/i\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990299787493,"sku":"NP9780470624005","price":100.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470624005.jpg?v=1761787260","url":"https:\/\/k12savings.com\/es\/products\/the-new-wealth-management-isbn-9780470624005","provider":"K12savings","version":"1.0","type":"link"}