Rethinking Wealth Management
Wealth Management Unwrapped is unique in industry literature, not selling a product or strategy, but rather providing investors with tools and tips to more effectively manage wealth. The reality is that investors need to take charge, and just like any successful CEO, decide not only who to hire and who to fire—but also how to better communicate with financial advisors and assess outcomes.
Wall Street veteran and a bold entrepreneur, Charlotte Beyer conducts a tour of the wealth management industry today, guiding you through the complexities and jargon with straightforward, no-nonsense expertise—everything from choosing an advisor and understanding the fine print, to fulfilling your responsibilities as CEO of your own wealth.
This book offers all-in-one guidance for anyone ready to take charge of their finances. This revised and expanded version has been updated with critical NEW information, for women investors who seek the best advisor, older investors who confront investment choices, and a discussion on both robo-advisors and the impact of wealth on children.
The companion website www.wealthmanagementunwrapped.com includes new interactive diagnostics to help you get started, assess your progress and then see how you compare to others who face similar challenges. By stripping away industry tech-speak 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 if you might be a do-it-yourself investor and learn why that might make sense for your personality
The wealth management industry has undergone massive change over the past 25 years. New services or products spring up, yet impenetrable language and marketing hype leave you with precious little practical information. In three hours of reading made easier thanks to the bold, often amusing illustrations, you will be a far smarter investor, not by learning the jargon but by applying common sense and insisting on clearer communications from your advisor. You and your advisor can create an even stronger and long lasting partnership by reading this book together. Wealth Management Unwrapped is like a powerful GPS, offering you a much clearer view of how to fully realize the dreams your wealth now affords you.
Praise for Wealth Management Unwrapped from investors, academics, and veteran advisors
“This book simplifies what many people find complex about wealth management, helps readers understand what kind of investor they are, and clearly breaks down the different aspects of the wealth management business. It is a masterpiece that every investor should read and own.”
—Lloyd Hascoe, Hascoe Associates
“At last a book that unwraps the mysteries of investing. Beyer helps readers to deal with the practical problems of managing wealth wisely. . . . 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
“Einstein said, ‘Everything should be made as simple as possible, but no simpler.’ In Wealth Management Unwrapped, calling on her unrivaled experience, Beyer has done just that with regard to the financial advice everyone needs.”
—Howard Marks, Co-Chairman, Oaktree Capital Management
“Beyer has dedicated her professional career to improving the wealth management business and this book is one of her greatest contributions.. 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 & CEO, Ellevest
“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; Foldes Financial Wealth Management I Professor of Practice, Texas Tech University
About the Author
Charlotte B. Beyer is founder of the Institute for Private Investors (IPI) and co-creator of the first Private Wealth Management curriculum for investors at The Wharton School of the University of Pennsylvania. An Aresty Fellow at Wharton, Beyer is also the recipient of the Lifetime Achievement Award from Family Wealth Report and the J. Richard Joyner Wealth Management Impact award from the Investment Management Consultants Association® (IMCA®).
