Private Wealth
Wealth Management In Practice
Published on 29. January 2009
Book
Hardback
752 pages
978-0-470-38113-7 (ISBN)
Description
Praise for Private Wealth
"The collection of material in Stephen Horan's Private Wealth assembles in one, organized tome a critical core treatment of ideas upon which most aspects of modern private wealth management are founded. It is sure to be a useful reference for those who deal with the challenging task of balancing the myriad needs and preferences of individuals and families alike in the single or multigenerational management of their wealth. I am confident that advisors will find Private Wealth as useful in their practices as we will in wealth management coursework at Wharton."
-Professor Christopher C. Geczy, PhD, Academic Director, Wharton Wealth Management Initiative, The Wharton School
"Private Wealth is an excellent compilation of the best research in private wealth management published by the CFA Institute. Stephen Horan has done a superb job not only at selecting articles that reflect the most forward thinking about the theory and practice of private wealth management, but also at organizing them around the topics that matter the most to today's wealth managers. Private wealth management is undoubtedly one of the most complex areas in investment management for the many dimensions involved in the process of selecting and implementing the appropriate asset allocation for private taxable investors. Wealth managers can find in Private Wealth a helpful reference when confronting today's complex challenges."
-Luis M. Viceira, PhD, Professor of Business Administration, Harvard Business School
More details
Series
Edition
1. Auflage
Language
English
Place of publication
New York
United States
Product notice
sewn/stitched
Cloth over boards
With dust jacket
Illustrations
Drawings: 59 B&W, 0 Color; Tables: 112 B&W, 0 Color
Dimensions
Height: 259 mm
Width: 187 mm
Thickness: 38 mm
Weight
1150 gr
ISBN-13
978-0-470-38113-7 (9780470381137)
Schweitzer Classification
Other editions
Additional editions
E-Book
01/2009
Wiley
€60.99
Available for download
E-Book
12/2008
Wiley
€60.99
Available for download
Person
Stephen Horan, PhD, CFA, manages professional education and private wealth management content for CFA Institute members. Dr. Horan has served CFA Institute as both an editorial board member and abstractor for the CFA Digest and as an ad-hoc reviewer for the Financial Analysts Journal. He holds a PhD in finance from the State University of New York at Buffalo, publishes frequently in academic and professional journals, and has authored several books. Prior to joining CFA Institute, he was a professor of finance at St. Bonaventure University, principal of Alesco Advisors LLC, and a financial analyst and forensic economist in private practice, providing expert witness testimony and preparing economic impact studies.
Content
Foreword.
Introduction.
PART I: LIFE-CYCLE INVESTING CHAPTER.
CHAPTER 1: The Future of Retirement Planning.
Reprinted from The Future of Life-Cycle Saving and Investing, The Research Foundation of CFA Institute (October 2007):5-18.
CHAPTER 2: Is Personal Finance a Science?.
Reprinted from The Future of Life-Cycle Saving and Investing, The Research Foundation of CFA Institute (October 2007):1-4.
CHAPTER 3: Lifetime Financial Advice: Human Capital, Asset Allocation, and Insurance.
CHAPTER 4: The Theory of Optimal Life-Cycle Saving and Investing.
Reprinted from The Future of Life-Cycle Saving and Investing, The Research Foundation of CFA Institute (October 2007):19-37.
CHAPTER 5: Is Conventional Financial Planning Good for Your Financial Health?.
Reprinted from The Future of Life-Cycle Saving and Investing, The Research Foundation of CFA Institute (October 2007):55-71.
CHAPTER 6: The Life Care Annuity.
Reprinted from The Future of Life-Cycle Saving and Investing, The Research Foundation of CFA Institute (October 2007):103-106.
CHAPTER 7: The Longevity Annuity: An Annuity for Everyone?.
Reprinted from the Financial Analysts Journal (January/February 2008):40-48.
CHAPTER 8: A Sustainable Spending Rate without Simulation.
Reprinted from the Financial Analysts Journal (November/December 2005): 89-100.
CHAPTER 9: Asset Allocation without Unobservable Parameters.
Reprinted from the Financial Analysts Journal (September/October 2004):38-51.
PART II: INVESTMENT MANAGEMENT FOR TAXABLE PRIVATE CLIENTS.
CHAPTER 10: Investment Management for Taxable Private Investors.
Reprinted from The Research Foundation of CFA Institute.
CHAPTER 11: Core/Satellite Strategies for the High-Net-Worth Investor.,
Reprinted from CFA Institute Conference Proceedings Quarterly (December 2006):38-45.
CHAPTER 12: The Higher Equity Risk Premium Created by Taxation.
Modifi ed from the Financial Analysts Journal (September/October 2003):28-31.
CHAPTER 13: Tax Deferral and Tax-Loss Harvesting.
Reprinted from CFA Institute Conference Proceedings: Wealth Management (October 2005):24-30.
CHAPTER 14: Tax Management, Loss Harvesting, and HIFO Accounting.
Reprinted from the Financial Analysts Journal (July/August 2003):91-102.
CHAPTER 15: Investing with a Tax-Effi cient Eye.
Reprinted from CFA Institute Conference Proceedings: Wealth Management (October 2005):31-40.
CHAPTER 16: Diversifying Concentrated Holdings.
Reprinted from AIMR Conference Proceedings: Investment Counseling for Private Clients III (August 2001):30-35.
CHAPTER 17: Hedging Low-Cost-Basis Stock.
Reprinted from AIMR Conference Proceedings: Investment Counseling for Private Clients III (August 2001):36-43.
PART III: TAX-EFFICIENT WEALTH ACCUMULATION.
CHAPTER 18: Tax-Advantaged Savings Accounts and Tax-Effi cient Wealth Accumulation.
Reprinted from The Research Foundation of CFA Institute.
CHAPTER 19: After-Tax Asset Allocation.
Reprinted from the Financial Analysts Journal (July/August 2006):14-19.
CHAPTER 20: Withdrawal Location with Progressive Tax Rates.
Reprinted from the Financial Analysts Journal (November/December 2006):77-87.
PART IV: AFTER-TAX PERFORMANCE MEASUREMENT.
CHAPTER 21: After-Tax Performance Evaluation.
Reprinted from AIMR Conference Proceedings: Investment Counseling for Private Clients II (August 2000):58-67.
CHAPTER 22: Taxable Benchmarks: The Complexity Increases.
Reprinted from AIMR Conference Proceedings: Investment Counseling for Private Clients III (August 2001):54-64.
CHAPTER 23: Explaining After-Tax Mutual Fund Performance.
Reprinted from the Financial Analysts Journal (January/February 2002):75-86.
About the Contributors.
Index.