Wealth Secrets of the Affluent: Keys to Fortune Building and Asset Protection
Most financial magazines and Web sites speak to the planning needs of the average American—an audience of over 200 million people and the target of most advertising revenue. Simultaneously, the majority of investment advisory, law, and accounting firms focus on this large market because it is more profitable to provide "cookie-cutter" financial planning to the masses than highly specialized planning to the elite. As a result, over twenty million affluent families and millions of hard-working Americans who strive to be wealthy struggle to find financial and legal information that speaks to their unique needs and goals. These people need more than "off-the-rack" planning advice, which is why financial expert Christopher Jarvis and asset protection attorney David Mandell—authors of the well-received personal planning guide Wealth Protection: Build and Preserve Your Financial Fortress—have created Wealth Secrets of the Affluent.Written in a straightforward and accessible style, Wealth Secrets of the Affluent reveals the ten "keys" to financial success that super-affluent families have used for decades. This is a must read for anyone who earns over $150,000 per year or any family that is worth over $2,000,000, as well as any advisor who makes a living assisting wealthy clients or would like to attract wealthy clients with more appropriate—and more effective—advice. Wealth Secrets of the Affluent teaches readers the only way to effectively achieve affluence, and provides a variety of practical strategies for protecting assets, investing wisely, maximizing family wealth, and reducing unnecessary income, capital gains, and estate taxes. This book examines the essential lessons to building a fortune and protecting assets, explains the many pitfalls associated with this endeavor, and outlines the strategies and techniques that can be used to overcome these challenges. Along the way, you'll also discover why conventional financial solutions just don't make sense for the affluent individual or wealthy family.Throughout the book, industry experts Jarvis and Mandell share their extensive experiences in this field as they address issues such as: why the Nobel Prize-winning asset allocation model used by most firms will fail for affluent clients, which underused financial vehicles should be integral parts of affluent family planning, why taxes can't be left out of the planning equation, and how to determine if your present advisors are failing you—and what to do about it if they are.If you feel like you've never been armed with the right information to help you become wealthy, if you're concerned about the many potential threats to your wealth, or if—as an advisor—you'd like to enhance your understanding of what it takes to help affluent clients build wealth and protect assets, then this is the book for you.