Wealth Management in the New Economy: Investor Strategies for Growing, Protecting and Transferring Wealth »

Norbert (Norm) Mindel has been an attorney, asset manager and adviser to individuals and businesses for over twenty-five years. He is the co-founder of Forum Financial Management, LLC, and Terra Securities, which was later sold to GE and then became Genworth Financial through an IPO. Mindel is a noted national speaker on many topics, including wealth and asset management for individuals and practice management for financial advisers. His many speaking engagements have included being a frequent guest of CNBC's Power Lunch and CNNfn's Your Money. He has been quoted in the ChicagoTribune, Los Angeles Times, SmartMoney, the New York Times, and Crain's Chicago Business, as well as many other industry publications.

Sarah E. Sleight is a financial writer who has spent her career working in the financial services industry in a wide variety of positions, including marketing, product management, and institutional sales on a bank trading floor. She is coauthor of Reinventing the Retail Bank, ghostwrote a book on a specialized securities strategy, and edited a number of financial books for Probus Publishing. Sleight has written articles for numerous publications in the financial services world.

Wealth Management in the New Economy addresses a wide array of important issues in this dynamic field. Author Norbert Mindel—an accomplished financial adviser, attorney, and CPA—has successfully guided his clients for more than three decades in the business. Now, with this new book, he shares his story and the wisdom he has acquired, and offers valuable insights into managing wealth in an economy that has changed dramatically over the past few years.

Along the way, Mindel explores the essential aspectsof this discipline, including the keys to creating and managing wealth, the importance of accepting and managing risk, planning for a long and prosperous retirement, understanding the role of insurance, and much more. His own story, along with the stories of his clients, bring this book to life and make it both interesting and compelling reading.

While market forces are far too complex to be fully predicted or exploited, it's still possible to protect and grow your—or your client's—wealth. Wealth Management in the New Economy will show you how to achieve this important goal. Divided into five comprehensive parts, this practical guide:

• Outlines a proven investment philosophy that both wealth managers and investors can use to protect and grow wealth in the new economy

• Reveals the most efficient way to turn wealth into a stream of income to last the rest of your life—no matter when you retire or how long you live

• Offers ample examples of the myths, errors, illusions, and delusions that can trip up investors, advisers, and money managers

• Addresses how to organize an entire estate so that you can enjoy your assets during life, but pass them on as you wish after death

• And much more

For practical financial guidance you can count on, look no further than Wealth Management in the New Economy.With it, you'll discover how to manage and protect your money for the rest of your life.

Preface.

Acknowledgments.

Introduction.

PART I EVOLUTION OF A WEALTH MANAGER: MY HISTORY, WORLD, EXPERIENCE, CLIENTS AND COMPANY.

Chapter 1 Starting Out.

Chapter 2 A Decade of Active Management.

Chapter 3 Working with Individual Investors.

PART II INVESTMENTS AND MANAGING RISK.

Chapter 4 The Futility of Active Management.

Chapter 5 The Academic Background.

Chapter 6 Implementing the Strategy.

PART III MANAGING YOUR RETIREMENT.

Chapter 7 Planning for Your Retirement and Creating Income for Life.

Chapter 8 Using Annuities as an Income Tool.

Chapter 9 Using IRAs and Company Retirement Plans.

PART IV WEALTH PROTECTION: FACING A WORLD OF RISK.

Chapter 10 Best Uses for Life Insurance.

Chapter 11 The Importance of Long-Term-Care Insurance.

PART V: TRANSFERRING WEALTH AND THE NEXT GENERATION.

Chapter 12 Transferring Wealth with Estate Planning.

Chapter 13 Transferring Wealth within the Family: Inheritance Issues for Family Businesses.

Epilogue.

Notes.

About the Authors.

Index.