Wealthy families who are looking to preserve and enhance the family’s
financial wealth and human capital over generations can now explore new
strategies for improving the management of their wealth. A new book, Family
Wealth Management: Seven Imperatives for Successful Investing in the New
World Order, written by private wealth experts Tom McCullough and
Mark Haynes Daniell, offers seven imperatives for successful wealth
management with practical examples; addresses human and financial issues
in private wealth; provides recommendations for engaging and educating
the family; and much more.
The authors, who have had over thirty years of experience in the private
wealth field, point out that ‘shirtsleeves to shirtsleeves in three
generations’ can be prevented. “It is not inevitable, but will most
likely happen unless family investors and their advisors set out clear
goals, develop a forward-looking family culture, and establish a strong
risk management regime,” they said.
As a result of both friendship and a mutual interest in finding a better
way to manage private wealth, McCullough and Daniell developed a fresh
family wealth management model using seven timely principles with a
step-by-step process for developing and implementing unique investment
strategies. The concept is elaborated in their book, 'Family Wealth
Management: Seven Imperatives for Successful Investing in the New World
Order'.
"While there is no single playbook that will guarantee consistent,
long-term investment success, we do believe there are some basic common
elements that are crucial to successful investing,” the authors said.
Distilling much complex material into simple, clear and applicable
steps, the book includes many practical examples and checklists to help
families and their advisors put the lessons into action. Further
insights on key family wealth management topics are explained through
more than a dozen guest essays written by respected private wealth
experts and leaders of wealthy families from around the world.
More information about 'Family Wealth Management: Seven Imperatives for
Successful Investing in the New World Order' is available online at www.familywealthmanagementbook.com.
The book will be available from the Wiley Online Store (www.Wiley.com),
Wiley Online Library (www.onlinelibrary.wiley.com)
and through all key online book retailers and the major bookstores.
The suggested retail price of print (hardcover) format is US$49.95.
Digital and E-book versions are also available at US$32.99 respectively.
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