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Wealth Management in the New Economy: Investor Strategies for Growing, Protecting and Transferring Wealth
A practical guide to managing wealth in modern times
Wealth Management in the New Economy addresses a wide array of wealth management topics and established financial theories. Author Norbert Mindel has successfully advised his clients for more than three decades in the business. Now, with this new book, he shares the wisdom he has acquired and offers valuable insights into successful wealth management in an economy that has changed dramatically over the past year. Along the way, Mindel explores the essential aspects of this discipline, including the keys to wealth creation, properly managing risk, asset protection, planning for a prosperous retirement, and many other issues that you need to understand in order to survive and flourish in today’s economy. While market forces are far too complex to be fully predicted or exploited, it is 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.
- Reveals how you can reduce market risk by using proven theories of portfolio management
- Written by accomplished financial advisor, attorney, and CPA Norbert Mindel
- Lays out strategies wealth managers and investors both can use to protect and grow wealth in the new economy
For practical financial guidance you can count on, look no further than Wealth Management in the New Economy.
Rating: 
(out of 15 reviews)
List Price: $ 45.00
Price: $ 24.94
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#2 written by Jolanta Zajac 1 year ago
Review by Jolanta Zajac for Wealth Management in the New Economy: Investor Strategies for Growing, Protecting and Transferring Wealth
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Norm Mindel’s book provides a sophisticated overview of the financial services industry. The financial advisory business has changed greatly since the time Norm started in the business in the early 1980s, and I enjoyed reading about how different things were then, to be taken back in time and learn lessons in-between. I have read several books about financial planning, but this one is different because it covers insurance, estate planning, retirement, and some anecdotes from Norm’s life that I can relate to.Many financial books describe only a “map”–they just give a formula for success that everyone is supposed to follow, a dry set of rules that do not necessarily apply to everyone. That is not the case with “Wealth Management in the New Economy.” The book contains information everyone can use. It is a good tool for investors, as the book advises against buying “hot stocks” or “hot mutual funds,” which is all we see these days. We are bombarded with information from left and right, which is not always a good thing, and it is not easy to figure out which information to trust.
Norm describes his investment strategies in a clear, concise manner, easy to understand for everyone. I especially enjoyed reading about the different lessons that he had to learn during his career. The lessons make me feel like I am not alone and inform the reader that all of us are likely to get our financial decisions wrong many times before we get it right. I would recommend this book to anyone who is an investor.
Overall, this is a delightful book that I could really get into.
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#3 written by olinrich 1 year ago
Review by olinrich for Wealth Management in the New Economy: Investor Strategies for Growing, Protecting and Transferring Wealth
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I was so pleasantly surprised by the narrative style the author uses to illuminate the often-obscure issues of our financial system. His experiences while developing his personal investing philosophy, demonstrate an appropriate awareness of the failures of fashionable investing schemes to “beat the market!” By sharing his explorations of various “systems”, the courses he took, his willingness to accept that hoped-for results were unattainable, we can each identify with his journey.The limited statistics that are used in the book really clarify, rather than confuse.
Especially perceptive is the chapter concerning family businesses. Sustainability and estate concerns collide with personality issues and ancient sibling battles. The author manages to describe without prescribing, intending that his clients must settle family relationships before a death occurs.
This is a book that I will share, but insist that I get it back!!
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#4 written by R. W. Moreschi 1 year ago
Review by R. W. Moreschi for Wealth Management in the New Economy: Investor Strategies for Growing, Protecting and Transferring Wealth
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As a finance professor and former equity analyst (active management)and brokerage firm executive, I have read many texts on the same general topics as this book. “Wealth Management” is one of the best in this genre. It is loaded with important academic information yet is written in a manner that makes it accessible to everyone. For example, the authors explain the challenging topic of modern portfolio theory as clearly and succinctly as I have ever read. For that alone, this book is well worth reading. The authors’ recommendations for investing, asset allocation, and the use of annuities and life insurance are right on target.Maybe the best feature is the description of the journey Norm took from investment advisor newbie to seasoned and successful professional. The typical investment advice book is loaded with suggestions and recommendations but rarely does the author have the self-confidence to tell the reader about his/her mistakes and errors. Whether you use the services of an investment advisor or self-manage your portfolio, everyone can learn from the author’s experiences.
“Wealth Management” is a great, all-around asset management, insurance, and estate planning guide – highly recommended.
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#5 written by P. K. Muecke 1 year ago
Review by P. K. Muecke for Wealth Management in the New Economy: Investor Strategies for Growing, Protecting and Transferring Wealth
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This is the most interesting book about financial topics that I have ever read. It gains its punch and readability from the fact that the author, Norm Mindel, includes some of his personal story as well–and that story is not success piled on success. Instead, he tells trial-and-error stories about how he and his partners built their investment advisory business despite the mistakes they made. He provides a personal story line for information that would otherwise be awfully dry.This book covers all of the important wealth management topics: investing and investment strategy; retirement and figuring out how to have enough income in retirement; estate planning and transferring your wealth to the next generation. I like the fact that he invited an outside expert to write the insurance chapter; it is the clearest explanation of how life insurance works that I have ever read.
The author believes in a complicated investment strategy that is based on academic theories and research, but even that part of the book includes some personal aspects of some of the pioneers in this field. I remember what he said about modern portfolio theory because I remember Harry Markowitz in the library.
My favorite parts of the book are his straightforward explanations of some complex subjects that lots of people talk about but maybe not so many really understand. He explains things like technical analysis, hedge funds, moral hazard, financial pornography and market timing in a down-to-earth, no-nonsense way that really made sense to me. He also explains complex financial terms like asset allocation, rebalancing, diversification, volatility and index funds so that someone like me can understand. He helped me to really understand the importance of managing risk. I also think I understand for the first time why everyone is getting so excited about planning for retirement.
I only wish he had been able to include even more of his personal story!
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Review by Scott Bosworth for Wealth Management in the New Economy: Investor Strategies for Growing, Protecting and Transferring Wealth
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Making mistakes is a great way to learn. But when it comes to managing wealth, learning from someone else’s mistakes can be a whole lot less expensive. Save yourself a lot of trouble and read Norm Mindel’s book on his evolution as a wealth manager. Norm has tried a slew of different formulas, but always with a singular focus on doing what was right for the client. In addition to detailing his setbacks, Norm is also careful to explain what principles have worked time and time again to guide him through the last 30 years.
This is Norm’s personal story of his evolution in arriving at the best wealth management solutions for his clients. If you have an advisor, or are looking for one, measure them against Norm’s client first philosophy to make sure you have someone who has your interests as their number one priority. If you are an advisor yourself, this book provides a worthy blueprint of best practices to help you focus on what is important and avoid what is not.