{"product_id":"family-capital-isbn-9781119094135","title":"Family Capital","description":"\u003cb\u003eThe lifelong guide to effective family wealth management strategy\u003c\/b\u003e \u003cp\u003e\u003ci\u003eFamily Capital \u003c\/i\u003eprovides a unique and practical lesson on wealth management. Instead of lectures and dry discussion, this engaging book follows an archetypal wealthy family through several generations and collateral family units to show you what effective family capital management looks like long-term. You will actually listen in on meetings between the family and its wealth advisor as they grapple with the many challenges family investors face. Expert wealth advisor Gregory Curtis provides advice and insight along the way, explaining why each strategy is effective, and how you can put it to work for you. You'll learn how to find an advisor you can trust, how to evaluate their performance, and how you can take the lead role in managing your wealth with the right advisor by your side. Estate planning and portfolio design are explored thoroughly to help you understand what makes sense for your family, and the companion website provides important forms and additional resources that help you put your plan into action.\u003c\/p\u003e \u003cp\u003eYou've worked hard and done well, but the work isn't over. It's important to protect your wealth and make the right decisions to ensure that your family capital remains strong enough to benefit future generations. This book gives you a lifelong guide to effective wealth management, with expert insight to answer your most pressing questions.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eFind your ideal wealth advisor\u003c\/li\u003e \u003cli\u003eDesign and build your investment portfolio\u003c\/li\u003e \u003cli\u003eMonitor your investments and your advisor's performance\u003c\/li\u003e \u003cli\u003eUtilize trusts and other estate planning vehicles to your fullest benefit\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThe best way to learn something new is to hear lived experiences alongside expert commentary. \u003ci\u003eFamily Capital\u003c\/i\u003e provides real-world perspective balanced by professional context, so you can tailor your next move to best suit your own situation.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePreface ix\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Titan Family x\u003c\/p\u003e \u003cp\u003eOrganization of the Book xi\u003c\/p\u003e \u003cp\u003eA Note to Middle-Income Investors xiii\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePrologue: The Titan Family in America xvii\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePreparation and Use xvii\u003c\/p\u003e \u003cp\u003eThe Extended Titan Family xxii\u003c\/p\u003e \u003cp\u003eThe Titan Family Tree xxvi\u003c\/p\u003e \u003cp\u003eSummary xxvi\u003c\/p\u003e \u003cp\u003eNote xxvi\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 George Titan III and His Catastrophic Mistake 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePreparation and Use 1\u003c\/p\u003e \u003cp\u003eHow Not to Manage Your Family’s Money 1\u003c\/p\u003e \u003cp\u003eThe Mistakes George Made 9\u003c\/p\u003e \u003cp\u003eWhat a Good Advisor Could Have Done for the Titans 12\u003c\/p\u003e \u003cp\u003eSummary 17\u003c\/p\u003e \u003cp\u003eNotes 17\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Ned and Rose Succeed Jake as Co-Heads of the Family 19\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePreparation and Use 19\u003c\/p\u003e \u003cp\u003eNed and Rose React to George III’s Decision to Sell Equities 19\u003c\/p\u003e \u003cp\u003eJake Picks Ned and Rose as Co-Heads of His Branch of the Titan Family 21\u003c\/p\u003e \u003cp\u003eWhat the Regional Brokerage Firm Could Have Done Better 35\u003c\/p\u003e \u003cp\u003eSummary 38\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 The Titans Search for and Engage a New Financial Advisor 39\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePreparation and Use 39\u003c\/p\u003e \u003cp\u003eHow the Titans Conducted Their Search 39\u003c\/p\u003e \u003cp\u003eConcluding the Search 46\u003c\/p\u003e \u003cp\u003eSummary 50\u003c\/p\u003e \u003cp\u003eNotes 51\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 First Meeting: Governance, Investment Strategy, and Other Introductory Matters 53\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePreparation and Use 53\u003c\/p\u003e \u003cp\u003eFirst Meeting with the Titans’ New Advisor 53\u003c\/p\u003e \u003cp\u003eSummary 62\u003c\/p\u003e \u003cp\u003eNote 62\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 The Titans Create an Investment Policy Statement 63\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePreparation and Use 63\u003c\/p\u003e \u003cp\u003eThe Titan Family Meeting 65\u003c\/p\u003e \u003cp\u003eSummary 91\u003c\/p\u003e \u003cp\u003eNotes 95\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Establishing the Titan Family’s Investment Objectives 97\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePreparation and Use 97\u003c\/p\u003e \u003cp\u003eThe Titan Family’s Version of Their Investment Objectives 97\u003c\/p\u003e \u003cp\u003eSummary 121\u003c\/p\u003e \u003cp\u003eNotes 122\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 The Titans Grapple with Asset Allocation 125\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePreparation and Use 125\u003c\/p\u003e \u003cp\u003eThe Asset Allocation Meeting 126\u003c\/p\u003e \u003cp\u003eSummary 164\u003c\/p\u003e \u003cp\u003eNotes 165\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 The Manager Search Meeting 167\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePreparation and Use 167\u003c\/p\u003e \u003cp\u003eThe Manager Selection Meeting 168\u003c\/p\u003e \u003cp\u003eSummary 206\u003c\/p\u003e \u003cp\u003eNotes 207\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Reviewing the Performance of the Investment Accounts 209\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePreparation and Use 209\u003c\/p\u003e \u003cp\u003eThe Performance Reporting Meeting 210\u003c\/p\u003e \u003cp\u003eSummary 244\u003c\/p\u003e \u003cp\u003eNotes 245\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Miscellaneous Investment-Related Discussions 247\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePreparation and Use 247\u003c\/p\u003e \u003cp\u003eFamily Investment Education 247\u003c\/p\u003e \u003cp\u003eAdding Value to the Titan Family Portfolio 256\u003c\/p\u003e \u003cp\u003eInvestment Committees 263\u003c\/p\u003e \u003cp\u003eSocially Responsible Investing 266\u003c\/p\u003e \u003cp\u003eSummary 270\u003c\/p\u003e \u003cp\u003eNotes 272\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Miscellaneous Non-Investment Discussions 275\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePreparation and Use 275\u003c\/p\u003e \u003cp\u003eHiring a Custodian 275\u003c\/p\u003e \u003cp\u003eFamily Limited Partnerships 280\u003c\/p\u003e \u003cp\u003eFamily Philanthropy 281\u003c\/p\u003e \u003cp\u003eThe Family Office 290\u003c\/p\u003e \u003cp\u003eHow Much to Leave the Kids 292\u003c\/p\u003e \u003cp\u003eInequality and Wealth 295\u003c\/p\u003e \u003cp\u003eSummary 307\u003c\/p\u003e \u003cp\u003eNotes 308\u003c\/p\u003e \u003cp\u003eAbout the Website 311\u003c\/p\u003e \u003cp\u003eAbout the Author 313\u003c\/p\u003e \u003cp\u003eIndex 315 \u003c\/p\u003e \u003cp\u003e\u003cb\u003eGREGORY CURTIS\u003c\/b\u003e is the chairman and founder of Greycourt \u0026amp; Co., Inc., an open-architecture wealth advisory firm serving substantial families and select endowments on a global basis. He is the author of \u003ci\u003eCreative Capital \u003c\/i\u003eand\u003ci\u003e The Stewardship of Wealth\u003c\/i\u003e, as well as numerous white papers on a variety of investment topics.\u003c\/p\u003e  \u003cp\u003eYou’ve worked hard and done well, but the work isn’t over. It’s important to protect your wealth and make the right decisions to ensure your family capital remains strong enough to benefit future generations. \u003ci\u003eFamily Capital\u003c\/i\u003e shows you how to manage capital and stay on top of the wealth management business the best way possible—through firsthand experience observing the meetings, decisions, and results of a family trying to sustain and grow wealth across generations.\u003c\/p\u003e \u003cp\u003eAuthor and preeminent authority on advising the very wealthy Gregory Curtis culls the private conversations and family dynamics from more than four decades of his practice, illustrating successful family wealth management through the rise and potential collapse of the fictitious Titan family fortune. Along the way, you see how to find an adviser you can trust and evaluate his or her performance, as well as what it means to take a leading role in managing your family’s wealth, and how to work with the right adviser. You will keep this innovative treatment of a typically dry subject at your fingertips for its: \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eInsightful attention to how the human side of wealth management affects tactical investment decisions\u003c\/li\u003e \u003cli\u003e Word-for-word conversations portraying how life-changing decisions and missteps are made in the real world\u003c\/li\u003e \u003cli\u003e Top-tier expertise in estate planning and portfolio design and guidance for understanding what makes sense for your family or client\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003e\u003ci\u003eFamily Capital \u003c\/i\u003efeatures a completely new level of hands-on support with chapter-by-chapter extras that let you fully engage with covered material, as well as critical forms you can customize and use in real-world practice. The Titan family story unfolds cover to cover, but chapters are conveniently edited so you can easily reference complete topics. \u003c\/p\u003e\u003cp\u003eWealthy families face enormous obstacles to sustaining their wealth, and \u003ci\u003eFamily Capital\u003c\/i\u003e prepares you for the conversations to overcome the most common ones.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989195899109,"sku":"NP9781119094135","price":40.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119094135.jpg?v=1761783166","url":"https:\/\/k12savings.com\/products\/family-capital-isbn-9781119094135","provider":"K12savings","version":"1.0","type":"link"}