Wealth Management: The Financial Advisor's Guide to Investing and Managing Your Client's Assets

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Summary: A must read for all investment advisors!
Review: Harold generously shares his knowledge, not only in solid investment thought, but in practical application. If you've ever wanted to know how to practically apply investment research to your own portfolios, this is the book that will do it

Rating:
Summary: Excellent mixture of practical advice and theory
Review: I had expected a typical fluff, despite Evensky's fine reputation. I has very surprised at this mixture of practical advice and theory. Pointers are given to other sources for those more theoretically inclined. Some of the practical advice (software recommendations and such) won't age as gracefully as the text itself, these packages will become obsolete before the book. Nevertheless, I'd highly recommend it for anyone who is looking to understand the basics of risk/reward, the importance of asset allocation, and the theoretical material that led to these ideas.

Rating:
Summary: A Great Treatise on Wealth Management
Review: Mr. Evensky's book has had a profound impact on my wealth management philosophy. He is very effective in blending the broad scope of investment management theory with "real world", practical application. I found it particularly useful because it is not a book written by an academic who has never sat across the table from a client and held their hand through the good times and the tough. This is a must read for any serious manager of wealth.

A. Todd Black, CFP

Rating:
Summary: A Great Treatise on Wealth Management
Review: Mr. Evensky's book has had a profound impact on my wealth management philosophy. He is very effective in blending the broad scope of investment management theory with "real world", practical application. I found it particularly useful because it is not a book written by an academic who has never sat across the table from a client and held their hand through the good times and the tough. This is a must read for any serious manager of wealth.

A. Todd Black, CFP

Rating:
Summary: A Great Treatise on Wealth Management
Review: Mr. Evensky's book has had a profound impact on my wealth management philosophy. He is very effective in blending the broad scope of investment management theory with "real world", practical application. I found it particularly useful because it is not a book written by an academic who has never sat across the table from a client and held their hand through the good times and the tough. This is a must read for any serious manager of wealth.

A. Todd Black, CFP

Rating:
Summary: I enjoyed writing it. I believe you'll enjoy reading it.
Review: Wealth Management is billed as a book for the professional. Don't believe it. It's also a book for the interested investor. As I wrote it I certainly had my clients in mind. I said in the introduction, "It is neither an academic textbook nor a comprehensive practitioner manual. It is some of both and more. It most closely resembles a series of essays on the most important issues for a wealth manager. These essays are integrated, by general subject matter, into a series of chapters. The chapters generally follow the wealth management process. So, make the book work for you. Skip, jump or plow straight on through, there are no rules, only what works for you." You'll find everything from a basic review of the concepts of asset allocation, where to put bonds (in the personal account or in the IRA?) and a detailed process for selecting an monitoring fund managers to discussions of chaos theory, behavioral finance, downside risk, portfoilo optimization and the responsibilities of fiduciary's regarding investments. Remember, skiping and jumping is allowed, make it work for you...... The Chapters are: 1. Client Goals & Constraints.. 2. Risk is a Four Letter Word.. 3. Taxes.. 4. Data Gathering.. 5. Client Education.. 6. Mathematics of Investing (you're allowed to skip this).. 7. Investment Theory.. 8. Asset allocation.. 9. Optimization.. 10. Policy.. 11. Manager Selection and Evaluation - Basics.. 12. Manager Selection and Evaluation - Special Issues.. 13. Manager Selection and Evaluation - Selection Process.. 14. The business of Wealth Management.. 15. Fiduciary Investing.. 16. Philosophy...... I had fun writing Wealth Management and I think you'll have fun reading it. Let me know...... Harold