Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Book Review: Private Wealth Management

ByBrenda Jubin
Published 01/05/2015, 05:25 AM
Updated 07/09/2023, 06:31 AM

My niece recently asked me whether I manage other people’s money (I don’t). She did not intend this to be a job offer since she and her husband, both pediatric orthopedic surgeons who make a lot of money but have zero interest in managing it, already have a financial planner. But her question made me realize that I didn’t know just what kinds of expertise financial planners are expected to have.

In Private Wealth Management: The Complete Reference for the Personal Financial Planner (McGraw-Hill, 2015) G. Victor Hallman and Jerry S. Rosenbloom, both affiliated with the Wharton School, lay out a daunting curriculum. The wealth manager should be skilled in investment planning and financial management, income tax planning, financing education expenses, retirement planning, charitable giving, insurance planning and risk management, estate planning, and planning for business interests.

In over 600 pages the authors cover a head-spinning number of topics. Unless you’re a masochist, this is not a book you read straight through. Even I, usually a conscientious reviewer, picked my way through it, choosing some areas in which I felt competent and others about which I knew next to nothing. The reason for this strategy was to see whether the authors did a good job with material with which I was familiar and whether they presented the unfamiliar in a way that was easily understood. They scored well on both fronts, which is probably one reason this book is now in its ninth edition.

Private Wealth Management is a reference/textbook that should be in the library of every financial planner.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.