The New Wealth Management: The Financial Advisor's Guide to Managing and Investing Client Assets

by Harold R. Evensky, Stephen M. Horan, Thomas R. Robinson

Mainstay reference guide for wealth management, newly updated for today's investment landscape

For over a decade, The New Wealth Management: The Financial Advisor's Guide to Managing and Investing Client Assets has provided financial planners with detailed, step-by-step guidance on developing an optimal asset allocation policy for their clients. And, it did so without resorting to simplistic model portfolios, such as lifecycle models or black box solutions. Today, while The New Wealth Management still provides a thorough background on investment theories, and includes many ready to use client presentations and questionnaires, the guide is newly updated to meet twenty-first century investment challenges. The book

Includes expert updates from Chartered Financial Analyst (CFA) Institute, in addition to the core text of 1997's first edition – endorsed by investment luminaries Charles Schwab and John Bogle Presents an approach that places achieving client objectives ahead of investment vehicles Applicable for self-study or classroom use

Now, as in 1997, The New Wealth Management effectively blends investment theory and real world applications. And in today's new investment landscaped, this update to the classic reference is more important than ever.

Genres: Finance, Business

485 pages, Kindle Edition

First published March 29, 2011

Reviews

[Elruin Elmsroot]

The New Wealth Management offers a disciplined, technically grounded framework for professional wealth management, with Stephen M. Horan and his co-authors emphasizing portfolio construction, asset allocation, risk management, investment policy, manager selection, and the broader responsibilities of the wealth adviser.

The book’s strength is its structure and professional rigor. It treats wealth management as an integrated investment process rather than a collection of products, and the emphasis on investment policy, portfolio design, and fiduciary discipline remains useful.

Its limitation is that the framework largely operates within established investment doctrine. The analysis is methodical and competent, yet rarely ventures into the more difficult territory of concentrated wealth, structural regime change, private capital, geopolitical risk, or unconventional capital-allocation opportunities.

For practitioners, it provides a coherent architecture for managing client assets and making investment decisions with greater discipline. For more experienced readers, however, much of the material feels like refinement rather than discovery.

[Mr Hưng]

Sách hay nhưng hơi học thuật hàn lâm quá, nên đọc hoài không thấy thấm.

[Andrei Savu]

I wish I would find a version of this book that talks about some of the latest innovations in wealth management (e.g. Wealthfront, Upstart etc.). We live in a much more digital world and things are somehow different from what they used to be 15-20 years ago.