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Wealth Management A Concise Guide to Financial Planning and Investment Management for Wealthy Clients (2nd Edition)

Name: Wealth Management
Brand: CCH U.S.
SKU: 808089498
Price: 1183.40 HKD
Availability: OutOfStock
Author: S. Timothy Kochis
ISBN: 808089498

By S. Timothy Kochis

CCH U.S. October 2006

Specifications

ISBN-13: 808089498
Publisher: CCH U.S.
Publication: October 2006
Format: Paperback , 320 pages
Jurisdiction: U.S. ? Countri(es) for reference only

Details

WEALTH MANAGEMENT: A Concise Guide to Financial Planning and Investment Management for Wealthy Clients offers the insights of one of today's top wealth management professionals--Tim Kochis, J.D., M.B.A., CFP--and his firm, Kochis Fitz. The concise discussion reflects the tremendous experience gained in successfully serving thousands of elite clients. Financial planners, accountants, lawyers, brokers and portfolio managers who are looking to serve high net worth and high-income individuals or who want to expand on their existing skills in providing comprehensive planning and implementation assistance will benefit from this brand-new book.

Much of the book covers fundamental wealth planning topics with an honest, real-world view that can lead to new insights and ideas on the part of the reader. Newer and more contemporary issues, such as alternative investment options, get special attention.

WEALTH MANAGEMENT sets out a consistent, reliable approach to personal financial issues and describes a broad spectrum of appropriate responses, so clients and their wealth managers can be confident that, together, they are making intelligent decisions about money.

Framing the Client's Goal in Terms of Consumption for Both Motivation and Measurement Purposes--Including the Time Dimension That Is So Essential to the Measurability Feature of Well-Stated Goals.
Organizing an Approach to Cash Management--Projecting Cash Flows.
Specific Client Situations and Comprehensive Approaches That Have Helped Clients in these Situations.
Issues and Decisions Regarding the Emergency Liquidity Reserve--There Are Special Considerations for Wealthy Clients Who May Overestimate Such Needs.
The Importance of Maximizing Mortgage Interest Deductions.
Investment Reservoir Issues--Getting Funds Invested and Avoiding Funds Staying Too Long on the Sidelines.
Specialized Income Tax Planning Considerations That Frequently Apply to High-Income and High Net Worth Individuals.
Investments and Time--The Most Powerful Variable in Investment Return Expectations.
Specific Investment Vehicles--A Basic Review of the Options Available in the Wealth Manager's Arsenal.
Managing Debt--The Opportunities and Constraints Associated With Discretionary Debt, Often a Primary Focus of Wealth Management.
Benefit and Retirement Programs--Understanding the Client's Employment Benefits and Opportunities in This Important Realm.
Insurance Coverage--Coverage for Which the Client's Individual Decision, Aided By the Wealth Manager's Counsel, Is Crucial.
Estate Planning--Dealing With the Potentially Onerous Tax Implications and the Variety of Methods to Preserve Wealth for Future Generations.
Key Planning Situations That Require Wealth Managers to Be Especially Insightful, Such As Marital Agreements and Business Succession.
Employee Stock Options and the Tax, Securities Law and Other Important Planning Considerations Wealth Managers Should Understand to Help Clients Take Maximum Advantage of these Wealth-Building Tools.
Alternative Investments--An Area of Increased Attention From Wealth Managers, their Clients and the Media in Recent Years As a Reaction to the Combination of Increased Volatility and Steep Declines in Traditional Equity Markets.
Also Included Is a Brief Bibliography of Analytical and Data Resources That Are Recommended By the Author.
This Updated Edition Includes the Latest Tax Law and Regulations, Including Tipra, and Inflation-Adjusted Figures.

About the Author

S. Timothy Kochis is the Chief Executive Officer and Principal of Kochis Fitz, a wealth management firm located in San Francisco and Menlo Park, California.

Kochis is a former National Director of Personal Financial Planning for both Deloitte & Touche (1985-1991) and Bank of America (1981-1985). He currently serves as the Chairman-elect of the Board of Governors of the Foundation for Financial Planning. He serves on the nine-member Board of Directors of the Financial Planning Standards Board, the newly established governing board for the financial planning profession worldwide.

He is a Director (Hon.) of the Japanese Academic Society for Financial Planning and the Past-Chairman of the International Certified Financial Planner Council. Kochis is a Past-President of the Certified Financial Planner Board of Standards and Past-Chairman of its Board of Examiners. He was responsible for supervising the creation of the examination now used throughout the profession to qualify CFP candidates. In addition, he was a Co-founder, Chairman of the Advisory Board and Instructor of the U.C. Berkeley Personal Financial Planning Program, one of the first accredited financial planning programs in the United States.

In recognition of his contributions and achievements, Kochis was named Financial Planner of the Year in 1987 by the San Francisco chapter of the International Association for Financial Planning. He has been included in Worth Magazine's list of the country's Best Financial Advisers each year since the list was initially published in 1994. Kochis is frequently quoted in the Wall Street Journal, The New York Times, and other publications.He is a member of the Advisory Board of the CCH Financial and Estate Planning reporter and is a sought-after speaker for financial and investment forums throughout the world.

Kochis earned an undergraduate degree from Marquette University. He earned a law degree from the University of Michigan and an MBA from the University of Chicago. He served in the U.S. Army from 1969 to 1971, including a tour of duty in Vietnam where he received a Purple Heart for wounds received in action.

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