CREATIVE CAPITAL: MANAGING PRIVATE WEALTH IN A COMPLEX WORLD

by Gregory Curtis

Building great wealth is enormously difficult. But maintaining that wealth across the generations is an even greater challenge. In Creative Managing Private Wealth in a Complex World, Gregory Curtis outlines the investment secrets of the world's wealthiest families. These "best investment practices" for taxable investors represent the only certain way to preserve and grow private capital in the face of taxes, inflation, investment costs, and the conflicts of interest that are endemic in the financial advisory business.Managing capital successfully is naturally important to wealthy families themselves. But Curtis argues that the role of wealth goes far beyond private advantage. Wealthy families, says Curtis, lie at the very heart of American distinctiveness, of the vigor, resilience and creativity that have made America the most successful nation in history.Creative Capital begins with a discussion of the crucial role private wealth plays in America's remarkable economic and cultural success. In Part Two of Creative Capital, Curtis discusses several broad issues that wealthy families face, including understanding investment risk, conflicts of interest among financial advisors, and the challenge of making sound investment decisions. Part Three is a step-by-step guide to the successful management of liquid wealth, focusing on best investment practices from portfolio design to manager selection to monitoring investment performance.Wealthy families have already made an important contribution to America's remarkable economic success-their wealth is society's recognition of that contribution. But families can, and must, continue to contribute to America's strength for many generations to come through the creative management and deployment of their capital. Creative Capital is an owner's manual for those families.

454 pages, Paperback

First published November 18, 2004