Someday Rich: Planning for Sustainable Tomorrows Today [NOOK Book]

Overview

Practical insights that will help financial planners and investors work better together

The best investment advice and portfolio strategies are a function of the advisor knowing what to say, as well as a private investor's receptiveness to the message. But the conversation between planner and investor is never an easy one.

How to Build Wealth Zones seeks to bridge this gap by proposing a more intuitive approach to understanding how to structure...

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Someday Rich: Planning for Sustainable Tomorrows Today

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Overview

Practical insights that will help financial planners and investors work better together

The best investment advice and portfolio strategies are a function of the advisor knowing what to say, as well as a private investor's receptiveness to the message. But the conversation between planner and investor is never an easy one.

How to Build Wealth Zones seeks to bridge this gap by proposing a more intuitive approach to understanding how to structure investment portfolios to achieve better long-term financial security objectives. Along the way, author Timothy Noonan outlines a step-by-step approach to building personal pension plans using asset-liability matching strategies and other institutional investing approaches that defined benefit plans have historically used.

  • Makes complex financial concepts intuitively simple for financial planners and investors
  • Introduces "wealth zones" as a more natural way for advisors and clients to converse
  • Proposes architecture for building investment portfolios that can meet long-term lifestyle and retirement wealth objectives
  • Helps eliminate the disconnect between financial planners and investors, so that realistic goals can be set and achieved

The concept of "wealth zones" and matching investment portfolios to meet an investor's objectives makes sense. This book will show you how to put this approach to work and make the best financial decisions possible.

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What People Are Saying

From the Publisher
"Good financial advisors manage investors as much as they manage investments. They engage in real conversations with clients by asking, listening, empathizing and educating, before prescribing investment solutions. Timothy Noonan and Matt Smith guide advisors into real conversations with clients, replacing ignorance with knowledge, and fear with peace of mind."—Meir Statman, Glenn Klimek Professor of Finance, Santa Clara University; author of What Investors Really Want: Know What Drives Investor Behavior and Make Smarter Financial Decisions
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Product Details

  • ISBN-13: 9781118167519
  • Publisher: Wiley, John & Sons, Incorporated
  • Publication date: 10/25/2011
  • Series: Wiley Finance , #634
  • Sold by: Barnes & Noble
  • Format: eBook
  • Edition number: 1
  • Pages: 320
  • File size: 3 MB

Meet the Author

Timothy Noonan is Managing Director of Capital MarketsInsights for Russell Investments and a leader in the U.S. privatewealth management industry. He is responsible for shaping clientservice strategies and delivering capital markets analysis toadvisors in the U.S. and around the world. Noonan is currentlyChairman of the Russell Strategic Advice Committee and has been thearchitect of Russell's Helping Advisors initiative, which since2008 has offered advisors in the U.S., UK, and Australia insightsto help advisors and their clients cope with retirement investingin a hostile economic climate.

Matt Smith is an independent consultant and author andcoauthor, respectively, of two other Wiley Finance books,Managing Your Firm's 401(k) Plan: A Complete Road Map toManaging Today's Retirement Plans and The Retirement PlanSolution: The Reinvention of Defined Contribution. He wasformerly senior vice president and defined contribution practiceleader in the United States for Aon Consulting. Prior to Aon, Smithwas managing director of retirement services for RussellInvestments. He has been involved with the design, implementation,administration, consulting, and asset management of retirementplans for over twenty-eight years. Smith has written and spokenwidely on topics involving retirement plans during his career.

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Table of Contents

Foreword

Preface

Acknowledgments

Introduction

Chapter One: Time for a Real Conversation

Chapter Two: How We Got Here

Chapter Three: The Right Clients

Chapter Four: Connecting the Dots

Chapter Five: The Personal Asset Liability Model -- Funded Status

Chapter Six: The Personal Asset Liability Model - Investment Plan

Chapter Seven: The Business of Giving Good Advice

Chapter Eight: Investor Archetypes

Chapter Nine: Tripping Over the Finish Line

Chapter Ten: On Shaping One's Future

Chapter Eleven: Building a Simple and Powerful Solution for Retirement Saving -- Russell's Approach to Target Date Funds (by Grant W. Gardner, Ph.D. and Yuan-An Fan, Ph.D.)

Chapter Twelve: Investment Aspects of Longevity Risk (by Don Ezra)

Chapter Thirteen: Mismeasurement of Risk in Financial Planning -- A Lesson in Risk Decomposition (by Richard Fullmer, CFA)

Chapter Fourteen: Modern Portfolio Decumulation (by Richard K. Fullmer, CFA)

Appendix A: Lessons Learned from Retirement Income Research

Appendix B: The New Language of Retirement

Notes

About the Authors

Index

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