Proven strategies for meeting the unique—and increasingly complex—challenges of private wealth management Whether you’re a money manager or managing your own wealth, Freedom from Wealth provides the tools you need to improve the management of a family fortune in today's increasingly globalized financial landscape. The authors reveal new, global, measurable standards to ensure that wealth is managed in accordance with industry best practices. They call for families to adopt the standards and name a Standards Director who can oversee their implementation, arguing that these standards help prevent the fraud and financial chicanery that produced the Madoff scandal and other recent wealth-management improprieties. Charles A. Lowenhaupt is the founder, chairman, president, and CEO of Lowenhaupt Global Advisors and a managing member of Lowenhaupt & Chasnoff, LLC, the first U.S. law firm to concentrate in tax law, which was established by his grandfather in 1908. Donald B. Trone is the CEO of Strategic Ethos and former Director of the U.S. Coast Guard Academy Institute for Leadership. In 2003, he was appointed by the U.S. Secretary of Labor to represent the investment counseling industry on the ERISA Advisory Council.

Proven strategies for managing private wealth today “In Freedom from Wealth, Charles Lowenhaupt is selling wisdom for emotionally intelligent wealth holders who want to beat the odds that wealth can’t bring happiness. Refreshing to read a book that is as much about preserving harmony and balance as it is about preserving wealth!” —Danny Meyer, author of Setting the Table: The Transforming Power of Hospitality in Business “When an entrepreneur discovers that the ‘struggle’ to grow an enterprise was in fact one of the most exhilarating and meaningful experiences life can offer, making sound decisions about inheritance and trusts becomes easier. Charles Lowenhaupt asks the question few other advisors dare to, namely, ‘What is the purpose of your wealth?’ Freedom from Wealth tackles this question and is a tribute to the possibilities of a meaningful legacy—and life—along with a how-to guide on best practices for wealthy families.” —Charlotte B. Beyer, founder and CEO, Institute for Private Investors “What is wealth for? . . . Lowenhaupt and Trone pose this question and offer superb methods for helping wealth owners answer it—and then provide the systems required to purposefully achieve that answer. I will be sharing this book with the families I still help and with their single family office leaders. I will require them to read it.” —James E. Hughes Jr., author of Family Wealth “Freedom from Wealth is a remarkable book that reflects on issues that wealthy clients face every day. The authors have taken an innovative approach to using philanthropy as a way to create healthy families.” —Charles W. Collier, Senior Philanthropic Advisor, Harvard University, and author of Wealth in Families About the Book: The conventional wisdom is that the ultra wealthy get and stay that way by being smart about their money. In fact, families of significant wealth often neglect the simplest but most profound question in managing the family fortune: What is the wealth for? Freedom from Wealth provides a detailed road map for managing fortunes across generations. Charles Lowenhaupt, one of the world’s most respected experts on family wealth, and Don Trone, one of Investment Advisor’s “30 most influential people in financial services,” bring to life the wealth management lessons learned by some of the world’s richest individuals and families. Drawing on decades of experience, the authors offer an insider’s perspective and share best practices to help you manage your or your family’s wealth. Rich in detail and insight, Freedom from Wealth offers a thorough, step-by-step process that individuals and their advisors can apply to investment management, governance, succession planning, education, and philanthropy. Written in an accessible, conversational language, Freedom from Wealth shows private wealth holders, their families, and their professional advisors how to: Develop clear principles to outline the purposes of wealth across every aspect of life and across generations Formulate a set of standards—a “business plan”—based on family principles Select and work with a Standards Director who can effectively create, implement, and monitor the standards Protect wealth by carefully executing due diligence Implement the same processes and infrastructure that institutional investors—the smart money— have always used Freedom from Wealth comes with valuable tools such as a model Private Wealth Policy Statement and a Self-Assessment Instrument that allow you to measure the success of your wealth management programs. Apply the methods of Freedom from Wealth to ensure that family money actually works for the family.

Wealth should never consume or imprison the wealth holder, but it can. This book provides solutions to the issues many wealth inheritors encounter, including problems with trust, family wealth secrets, and family legacy. The next generation may witness one of the largest transfers of wealth in history. By one estimate, millennials and Generation Z are set to inherit $30 trillion over the next 30 years. The sudden inheritance of significant wealth creates a variety of challenges that seem counterintuitive and can be difficult to understand and deal with, making inheritors of wealth feel isolated from friends and colleagues. Meanwhile, the wealth industry is fed by revenue paid by wealth owners, not inheritors, causing misalignment of priorities and generational conflict. The Wise Inheritor's Guide to Freedom from Wealth helps readers to put their new wealth in perspective, preparing them to lead inspired lives of self-actualization and freedom. As a third-generation wealth counselor and industry leader, Charles A. Lowenhaupt has helped wealth creators and inheritors to manage almost every imaginable challenge, including marital tension, family dysfunction, and addiction. Few people actually have the knowledge and experience to figure out the purpose of wealth and set it on its course. In this book, he helps wealth inheritors to develop a healthy relationship with wealth at a young age, thus enabling readers to live in harmony with both their wealth and their families.

"As an asset protection lawyer, I think Mandell and Jarvis brilliantly explain the most effective wealth protection strategies. A must-read for advisors and clients alike." -Arnold S. Goldstein, PhD, LLM, JD author, Asset Protection Secrets "I really appreciate the 'Risk Factor Analysis.' It is a unique tool for diagnosing-and then solving-some of the toughest problems in maintaining and protecting your wealth." -Gordon Klein, JD, CPA, lecturer, UCLA's Anderson Graduate School of Management, frequent CNBC Commentator "Chris and David's concept of a 'Personal Economy' should be heeded by every individual investor. If you want to grow and shield what's yours, this book is a great start." -Jonathan Guryan, PhD, Asst. Professor of Economics University of Chicago Graduate School of Business The interest in protecting one's wealth is universal. Wealth Protection: Build and Preserve Your Financial Fortress serves as the ultimate handbook for readers who want to build their family's financial fortress and shield it from potential risks.

Never has it been more important to read Wealth: Grow It, Protect It, Spend It, and Share It. More of us have created more wealth today than ever before; managing our retirement assets is increasingly our own responsibility; and America is bracing for the largest intergenerational transfer of wealth in history. Added to this are the recent financial scandals which have left us confused about who to trust for good investment and wealth management advice. And because most advisors are specialists, the critical task of integrating the varied aspects of wealth management falls on our shoulders. Written by Stuart Lucas, an experienced investment professional, Carnation Company heir, and now manager of his family’s fortune, Wealth: • Helps you to ntegrate the financial and family aspects of wealth management into an actionable, coherent whole; • Provides the tools and information you need to take charge of your wealth, so that your advisors and your money are working toward achieving your goals; • Addresses family relationships and values, preparing your children for affluence, the motives of advisors, spending, philanthropy, taxes, estate planning, investment strategies, and more. In short, Wealth is the definitive guide to optimizing your financial future. The lessons of Wealth apply whether you have $100,000 or $100,000,000, whether your goal is to safeguard assets to last your lifetime or to create a financial legacy that will continue for generations.

IT'S NOT TOO LATE...Here's the good news: it's not too late to start growing your wealth! Like advances in medicine, financial product designs get better over time because the marketplace demands it. You are not stuck planning for retirement with just a 401k plan offered at your employer. You are not stuck with the same old life insurance Grandpa had to die to use. And no matter how high our income taxes go, you are not stuck paying them in retirement.In this book, Robin Kemp reveals the key educational points that were never taught in school and probably weren't taught at home either. Key points like:� How to identify your goals (good to "BHAG") � How to grow wealth with as little as $5 a day � Learning the power of "a little difference over time" vs thinking you need monster gains � How the rich get richer and you can too! � How to leverage and protect your nest egg"Preparing for your financial future is as important as preparing your taxes. And yet, I see too many clients who are unaware of tax-advantaged strategies available to them for creating lifetime income. In Protect and Grow Wealth, Robin Kemp has written an easy and informative book that will help people get the education they need to plan ahead and thrive if they take action!" Cheryl Callen, CPA, San Marcos, CA

An extraordinary new recipe for financial success from a woman who has experience making millionaires International finance coach Ann Wilson is known as the Wealth Chef because of her ability to help people cook up monetary success. In this previously self-published book, Ann has laid out a step-by-step guide to creating financial freedom. In its pages, readers will find five recipes for wealth that helped Ann go from having nothing to becoming a multimillionaire. These recipes reveal the secrets to: • Becoming debt-free while simultaneously generating wealth • Getting your "wealth accelerators" working • Increasing your quality of life while reducing your expenses • Focusing on personal goals and tracking successes for rapid results Ann takes what she's learned from her own life and from teaching around the world-from Africa, to Asia, to Australia, to America, to Europe-and gives readers an in-depth yet manageable plan and tested principles to improve their relationship with money. Simply put, she shows readers how to become financially savvy and build wealth starting immediately. They realize they can create financial freedom and live their dream life now, feeling empowered to throw away the old recipe for success: mix together one secure job with a lifelong portion of hard work and sacrifice to hopefully live the dream life after retirement. Why wait? With the practices and techniques Ann presents here they don't have to!

Are you a high net worth individual? Then the wealth management rules are different for you. Mark Tepper rightly assures us that we should all consider ourselves wealthy if we have the resources to live the lives we want to live without compromise. However, if you fall into one of his higher-net-worth categories, you will find that Exceptional Wealth is speaking directly to you. Tepper, author of the acclaimed Walk Away Wealthy, stresses that if you are someone with a high net worth, you have to realize that managing your wealth is complex. He clearly outlines key steps and sophisticated strategies that experienced professional financial advisors should be implementing for you. Each high net worth individual has unique and different forms of wealth, investments, and objectives. Consequently, individual and special family needs demand specifically tailored financial plans and approaches. Good investment management might have made you wealthy, but Tepper solidly brings home the point that only proper wealth management will keep you wealthy. Those whose wealth exceeds $1,000,000 will likely benefit most from the keys and myths that Tepper outlines, but this book is relevant for anyone looking to take the next step in wealth accumulation and preservation. The bottom line, as Tepper advises, is the following: Prosperous individuals require a higher level of sophistication when it comes to optimizing their financial affairs.

Tax-Free Wealth is about tax planning concepts. It’s about how to use your country’s tax laws to your benefit. In this book, Tom Wheelwright will tell you how the tax laws work. And how they are designed to reduce your taxes, not to increase your taxes. Once you understand this basic principle, you no longer need to be afraid of the tax laws. They are there to help you and your business—not to hinder you. Once you understand the basic principles of tax reduction, you can begin, immediately, reducing your taxes. Eventually, you may even be able to legally eliminate your income taxes and drastically reduce your other taxes. Once you do that, you can live a life of Tax-Free Wealth.

Wealth Management has two themes: Private Banking and investment decisions regarding Structural Financial Products. Dr. Dimitris Chorafas examines in a rigorous way whether structured financial products are advisable investments for retail and institutional investors and, if yes, which risks they entail. As our society becomes increasingly affluent, and state-supported pension schemes find it difficult to survive, a growing number of high net-worth individuals, and families, have become retail investors – looking for ways and means to optimize wealth management, and Private Banking deals with these sorts of clients. Private banking also deals with clients that are institutional investors, such as pension funds, mutual funds, and insurance companies, as well as not-for-profits, foundations and companies explicitly set up for wealth management. Both institutional and retail investors are being offered by the banks they work with structured products. Typically, these are securities that provide them with a redemption amount, with may be either with full or partial capital protection, and some type of return. The book examines structured financial products, their polyvalent nature, and the results which could be expected from them. Return on structural instruments, which are essentially derivatives, is paid in function of a specific investment strategy on selected underlying asset(s). This essentially means on the performance of the underlyings, obtained by asset managers, which may be banks or hedge funds, through purchase or sale of embedded options. But there are risks. Both risk and return from structured products are related to three main issues: the volatility of future value of an underlying, the uncertainty of future events, and the exposure of the product. Every type of investment is subject to market forces, and the more leveraged a portfolio is, the greater will probably be both the assumed risk and the expected reward. The fact that structured financial products appeal, or at least are being marketed, to both retail investors and institutional investors makes the dual approach deliberately chosen in this book most advisable. This book addresses all these issues in a practical manner with numerous case studies and real-world examples drawn from the author's intensive research. - Because it is based on intensive research, the book is rich in practical examples and case studies - Addresses the growing trend towards the use of structured financial instruments in private banking - Thorough treatment of structured financial products that keeps maths to a minimum