Wealth Management Unwrapped, Revised and Expanded: Unwrap What You Need to Know and Enjoy the Present - Hardcover

Beyer, Charlotte B.

Hardcover

ISBN 10: 1119403693 ISBN 13: 9781119403692

Publisher: Wiley, 2017

Synopsis

You are the CEO of My Wealth, Inc. -- so Take Charge! This book is a timeless classic - from choosing an advisor to fulfilling your responsibilities as CEO of My Wealth, Inc., here is practical guidance. You will be a far smarter investor, NOT by learning the jargon but by insisting on clearer communications from your advisor.

Wall Street veteran Charlotte Beyer takes you on a tour of the wealth management industry, guiding you through the complexities with straightforward, no-nonsense expertise.

By stripping away industry jargon and the all-too-common self-promotion, you will:

• Understand the difference between advisor and money manager
• Learn the best questions to ask when interviewing an advisor
• Dissect fee disclosure statements and conflicts of interest
• Find out whether you should be a do-it-yourself investor and learn if that might makes better sense for your personality (or not!)

The wealth management industry has undergone massive change over the past 25 years. New products spring up, and marketing hype leaves you with precious little practical information. Wealth Management Unwrapped is like a powerful GPS, offering you a much clearer view of how to fully realize the dreams and goals your wealth now affords you.

About this title

About the Author

A Wall Street veteran and entrepreneur, Charlotte Beyer has been identifying changes in the culture and dynamics of wealth management since 1992. After selling her company and retiring as CEO in 2012, Beyer founded the Principle Quest Foundation, a 501c3 foundation whose mission is to support innovative education and mentoring programs for women. Her career spans 40+ years, first on Wall Street, and then as founder of the Institute for Private Investors [IPI] in 1992. For two decades Beyer earned the trust of the 1500 investor members by protecting the safe harbor, education and community inside that private membership organization. An Aresty Fellow of the Wharton School, Beyer continues to teach in Wharton's Private Wealth Management program, a five-day residential curriculum she co-created with Wharton in 1999. Since then 1100 principals/families with substantial assets have attended from 52 countries and 42 states. A graduate of Hunter College, Beyer is a lifetime trustee of the Westover School, an all-girls school, Beyer was featured in the Wall Street Journal Donor of the Day column in 2011.

From the Back Cover

"Short. Candid. Fun and easy reading. Full of good advice and useful insights."
--Charles D. Ellis, author of Winning the Loser's Game
"A masterpiece that every investor should read and own."
--Lloyd Hascoe, Hascoe Associates
"At last a book that unwraps the mysteries of investing. A must-read for both sophisticated investors and those who want to better navigate the investment process."
--Richard Marston, James R.F. Guy Professor of Finance, Wharton School, University of Pennsylvania
"Charlotte Beyer has dedicated her professional career to improving the wealth management business and this book is one of her greatest contributions to the industry. It's a smart, fun and creative snapshot of what investors should look for in their financial advisors and an important call for an improved client relationship."
--Sallie Krawcheck, Founder and CEO, Ellevest
"Einstein said, 'Everything should be made as simple as possible, but no simpler.' In Wealth Management Unwrapped, calling on her unrivaled experience, Charlotte Beyer has done just that with regard to the financial advice everyone needs."
--Howard Marks, Co-Chairman, Oaktree Capital Management
"Investors will benefit immensely if they exercise the disciplined steps of the 10 principles Beyer outlines."
--Jay Hughes, author Family Wealth: Keeping It in the Family, and Family - The Compact Among Generations
"This is not only a book I will own, it is one I will share widely with my clients. Investors and other advisors will be well rewarded by joining me."
--Harold Evensky, Chairman, Evensky & Katz
"Charlotte's incredible experience in wealth management - from both sides of the table - makes this book indispensable for wealthy families and the advisors who wish to serve them. The new chapters on digital advice and 'women with wallets' brings this already excellent book right up to date on the disruptions affecting the wealth management industry."
--Scott Welch, Chief Investment Officer, Dynasty Financial Partners
"Charlotte Beyer is a gifted 'translator.' She used her instincts, sensing the unique personal and emotional needs of that [HNW] world. Her book beautifully translates her thoughts, insights and instincts, helping families and investment managers with an understandable, and pragmatic, path to helping both."
--Ginny Corsi, Consultant, Corsi Associates
"This book distills a lifetime of experience and wisdom in a slim volume written in an easily accessible style. Wealth Management Unwrapped insightfully explores investor and industry (mis-) behavior and the challenges of crafting and sustaining a robust wealth management strategy."
--Ashvin B. Chhabra, President, Euclidean Capital LLC

From the Inside Flap

Before you hire or fire anyone who's overseeing your money, read this book!

You will hear from an insider with a sense of humor who knows both the landscape and landmines of managing wealth. You will discover answers to questions like these:

• What kind of an investor am I?
• How do I know if I might prefer being a do-it-yourself investor?
• What is the difference between an advisor and a money manager?
• Where can I find a trusted financial advisor?
• Are fees too high?
• Why should I even care about conflicts of interest?
• What are the best questions to ask when interviewing potential advisors?
• How do I know if I can trust the firm's disclosure on fees?
• How will I know my advisor is doing a good (or bad) job?
• What does success look like for families of wealth?
• Why waste a human when a robot can do it cheaper?
• Can 'women with wallets' find advisors who won't stereotype them?

You know more than you think you do, but need to be aware of your blind spots.

Reading this book will give you confidence and knowledge enough to really grasp who you are as an investor. Then you decide whether to seek a trusted advisor or prefer to be a do-it-yourselfer. You will be successful because you will own a unique GPS, one robust enough to see through the tempting advertisements, financial media hype and slick brochures.

Charlotte is an entrepreneur and a Wall Street veteran, who knows the secret language of the financial services industry from an insider's perspective. This valuable resource puts more than two decades of illuminating stories and unflinching advice at your fingertips for everyday reference. By understanding how the business of wealth management works, you can ask the important questions and identify those advisors you can trust, not just the ones who tell you what you want to hear. Take this convenient guide with you and become the CEO of your wealth today.

Edition details

• Publisher: Wiley
• Publication date: 2017
• Language: English
• ISBN 10: 1119403693
• ISBN 13: 9781119403692
• Binding: Hardcover
• Edition number: 1
• Number of pages: 208