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8 of 8 people found the following review helpful
on March 30, 2010
Format: Hardcover
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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3 of 3 people found the following review helpful
on March 3, 2010
Format: Hardcover
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.
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5 of 6 people found the following review helpful
on January 27, 2010
Format: HardcoverVerified Purchase
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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2 of 2 people found the following review helpful
on April 26, 2010
Format: Hardcover
Mindel and Sleight have a winner here. If the endorsements on the cover and rave reviews had not already convinced me to buy this book the Table of Contents would have confirmed my decision. From the personal to the complex, Norm Mindel shares his life of learning about wealth management in this book. He shares where and how he started his journey, his rites of passage, and his successes right up to authoring this book. Further, he lets the reader learn the different pieces, parts, and roads to wealth management without having to have any `skin in the game'. He defines, explains, and opines, but makes it clear that the reader is in charge of his or her own financial destiny. The seemingly difficult and obscure terms of the industry take on real, understandable meaning. It made me reflect on my own financial successes and failures, and as I begin retirement, where I want to be, how I want to get there, and where I want to leave things.

This book is worth the read at twice the price.
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2 of 2 people found the following review helpful
on May 28, 2010
Format: Hardcover
Norm brings his career-long experience as an attorney ,CPA, financial planner, investment advisor, and entrepreneur to this book. With this multi-disciplinary background, he clearly explains the history and development of the investment strategies he has found to be the most successful. He also explains the many risks associated with investing, insurance, and estate planning.

He gives practical, actionable advice. I found the section on "common mistakes with IRA's and qualified plans" to be especially useful. It provides a step-by-step approach to contributing, investing, and using retirement funds, as well as advice to beneficiaries.

Norm uses examples and humor throughout the book to further explain the concepts presented. I highly recommend this book.
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4 of 5 people found the following review helpful
on March 17, 2010
Format: Hardcover
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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1 of 1 people found the following review helpful
on March 22, 2010
Format: HardcoverVerified Purchase
Wealth Management in the New Economy provides a no-nonsense look at financial planning and money management and speaks to those of us who don't know the difference between a stock and a mutual fund. Mindel's presentation of the history leading up to the current market situation, and how this history formulated his sustainable investment strategy, provides an easy-to-understand context within which to think about your own financial plan. Mindel is honest about his experience "making all the mistakes in the book" and guides his readers to make knowledgeable financial decisions with the help of an experienced financial adviser. Wealth Management in the New Economy fills a niche the mainstream media are not addressing - how to manage risk in order to accumulate wealth over the long-term. This book is a must-read - whether you are new to investing, or have been in the game for years.
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1 of 1 people found the following review helpful
on February 13, 2010
Format: Hardcover
The simple yet elloquent way Norm Mindel describes his life long attempt at understanding the creation and maintenance of wealth is a pleasure and a must read for all types of investors. Those that think of themselves as experienced will surely see themselves described in these pages. Novice investors have the most to gain from the information in this book as it basically deals with the trials and tribulations made over the years by an entrepreneur whose only desire was to create wealth for his clients. The resulting financial investment plan is a no brainer with most of the great myths of Wall Street debunked along the way. If you are seriously concerned about the way you have invested your money or are unsure of how to proceed on this topic, Wealth Management in the New Economy may be the only book you'll need to read on the subject.
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1 of 1 people found the following review helpful
on February 5, 2010
Format: HardcoverVerified Purchase
As a Financial Advisor, I found this book one I'd like my clients to read.

By writing in the first person, Norm shares his personal touch while providing a practical thumbnail history of how portfolio theory evolved; an easy to read account of what happened in the markets during the the past two years as well as an easy to understand explanation of the activities that lead up to it. More importantly, he explains the risks involved in your investments going forward and why diversification is critical. He also discusses the broad range of wealth management tools that need to be considered as our life expectancies continue to lengthen such as long term care insurance, guaranteed life time income annuities and how to pass down a family business.

Thank you for putting it all together in one book!
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1 of 1 people found the following review helpful
on February 4, 2010
Format: Hardcover
This book has really been a guide for my future investing. As an individual investor, I feel like I can put Norm's ideas and suggestions to work. I would recommend this book to everyone who wants to fully educate themselves about investments.
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