Wealth Secrets of the Affluent: Keys to Fortune Building and Asset Protection


Most financial magazines and Web sites speak to the planningneeds of the average American—an audience of over 200 millionpeople and the target of most advertising revenue. Simultaneously,the majority of investment advisory, law, and accounting firmsfocus on this large market because it is more profitable to provide"cookie-cutter" financial planning to the masses than highlyspecialized planning to the elite. As a result, over twenty millionaffluent families and millions of hard-working Americans who striveto be ...

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Most financial magazines and Web sites speak to the planningneeds of the average American—an audience of over 200 millionpeople and the target of most advertising revenue. Simultaneously,the majority of investment advisory, law, and accounting firmsfocus on this large market because it is more profitable to provide"cookie-cutter" financial planning to the masses than highlyspecialized planning to the elite. As a result, over twenty millionaffluent families and millions of hard-working Americans who striveto be wealthy struggle to find financial and legal information thatspeaks to their unique needs and goals. These people need more than"off-the-rack" planning advice, which is why financial expertChristopher Jarvis and asset protection attorney DavidMandell—authors of the well-received personal planning guideWealth Protection: Build and Preserve Your FinancialFortress—have created Wealth Secrets of the Affluent.

Written in a straightforward and accessible style, WealthSecrets of the Affluent reveals the ten "keys" to financial successthat super-affluent families have used for decades. This is a mustread for anyone who earns over $150,000 per year or any family thatis worth over $2,000,000, as well as any advisor who makes a livingassisting wealthy clients or would like to attract wealthy clientswith more appropriate—and more effective—advice. WealthSecrets of the Affluent teaches readers the only way to effectivelyachieve affluence, and provides a variety of practical strategiesfor protecting assets, investing wisely, maximizing family wealth,and reducing unnecessary income, capital gains, and estate taxes.This book examines the essential lessons to building a fortune andprotecting assets, explains the many pitfalls associated with thisendeavor, and outlines the strategies and techniques that can beused to overcome these challenges. Along the way, you'll alsodiscover why conventional financial solutions just don't make sensefor the affluent individual or wealthy family.

Throughout the book, industry experts Jarvis and Mandell sharetheir extensive experiences in this field as they address issuessuch as: why the Nobel Prize-winning asset allocation model used bymost firms will fail for affluent clients, which underusedfinancial vehicles should be integral parts of affluent familyplanning, why taxes can't be left out of the planning equation, andhow to determine if your present advisors are failing you—andwhat to do about it if they are.

If you feel like you've never been armed with the rightinformation to help you become wealthy, if you're concerned aboutthe many potential threats to your wealth, or if—as anadvisor—you'd like to enhance your understanding of what ittakes to help affluent clients build wealth and protect assets,then this is the book for you.

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Product Details

  • ISBN-13: 9780470139790
  • Publisher: Wiley
  • Publication date: 4/4/2008
  • Edition number: 1
  • Pages: 376
  • Sales rank: 809,201
  • Product dimensions: 6.20 (w) x 9.10 (h) x 1.40 (d)

Meet the Author

Christopher R. Jarvis, MBA, is a financial planner withexperience as an actuary and entrepreneur. He is cofounder, withMr. Mandell and Jason M. O'Dell, of O'Dell Jarvis Mandell, LLC,which is based in the cities of Austin, New York, Cincinnati, andFt. Lauderdale, and has affiliate offices nationwide(www.ojmgroup.com).

David B. Mandell, JD, MBA, is an attorney and financial advisorto high-net-worth clientele. He is the shareholder of the LawOffices of David B. Mandell, PC(www.mandellpc.com). Along with Mr.Jarvis, Mandell is coauthor of the Wiley title Wealth Protection:Build and Preserve Your Financial Fortress.



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Table of Contents


About the Author(s).


The First Key. Understanding and Embracing Affluence.

Chapter 1. Who are the Affluent?

Chapter 2. Understanding the Average American.

Chapter 3. Unique Advice for the Affluent.

Chapter 4. The Affluent Don't Want to Fit In.

The Second Key. Use Leverage to Achieve Affluent.

Chapter 5. The Basics of Leverage.

Chapter 6. Financial Leverage.

Chapter 7. Leveraging Effort.

Chapter 8. Leveraging Assets.

Chapter 9. Leveraging People.

The Third Key. Build the Right Team of Advisors.

Chapter 10. The Value of Advisors.

Chapter 11. Types of Advisors.

Chapter 12. Seven Mistakes to Avoid.

The Fourth Key. Protect Assets.

Chapter 13. The Importance of Asset Protection.

Chapter 14. The Sliding Scale of Asset Protection.

Chapter 15. Asset Protection Myths.

Chapter 16. The Mixed Blessing of Property and CasualtyInsurance.

Chapter 17. Business Protection Often Ignored.

Chapter 18. Maximizing Exempt Assets

Chapter 19. Family Limited Partnerships and Limited LiabilityCompanies.

Chapter 20. Using Trusts to Shield Wealth.

Chapter 21. International Planning.

Chapter 22. Protecting Your Home.

Chapter 23. Divorce Protection.

Chapter 24. Using Captive Insurance Companies to ProtectBusinesses.

The Fifth Key. Always Consider Taxes.

Chapter 25. Uncle Sam's Pieces of Your Pie.

Chapter 26. Use Retirement Plans.

Chapter 27. Borrowing Lower Tax Rates.

Chapter 28. Long Term Care Insurance.

Chapter 29. Charitable Planning.

Chapter 30. Educational Planning.

Chapter 31. Is your Tax Advisor Helping or Hurting You?

The Sixth Key. Preserve Your Estate.

Chapter 32. The Truth about the Estate Tax Repeal.

Chapter 33. Wills & Living Trusts.

Chapter 34. The A-B Living Trust.

Chapter 35. Joint Ownership & Disinheritance Risk.

Chapter 36. Estate Planning Life Insurance Policies.

Chapter 37. Family Limited Partnerships and Limited LiabilityCompanies.

Chapter 38. Avoiding the 70% Tax trap of pensions and IRAs.

Chapter 39. Protection From Rising Medical Costs.

Chapter 40. Charitable Estate Planning.

Seventh Key. Avoid Financial Disasters.

Chapter 41. Premature Death Of A Family Member.

Chapter 42. Premature Death of a Business Partner.

Chapter 43. Disability of a Breadwinner or Business Partner.

Chapter 44. Long Term Care Needs for Families.

Chapter 45. Running Out of Money in Retirement.

The Eighth Key. Invest Wisely.

Chapter 46. A Nobel Prize is not Enough.

Chapter 47. Taxes, Inflation & Your Investments.

Chapter 48. Outgrowing Mutual Funds.

Chapter 49. Alternative Investment Strategies.

The Ninth Key. Use the Secret Investments of theAffluent.

Chapter 50. Investment Efficiency.

Chapter 51. Real Estate Basics.

Chapter 52. Real Estate Leverage.

Chapter 53. Flexibility & Efficiency of Real Estate.

Chapter 54. Life insurance Basics.

Chapter 55. Life Insurance Leverage.

Chapter 56. Flexibility & Efficiency of Life Insurance.

Chapter 57. Proof That Life Insurance Outperforms MutualFunds.

Chapter 58. Creative Applications Of Insurance.

Chapter 59. Leveraging The Ultimate Leverage Tool.

The Tenth Key. Plan For Success.


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Sort by: Showing all of 3 Customer Reviews
  • Anonymous

    Posted February 23, 2009

    Useful for those above a certain income

    This book is as good an explanation of trusts, LLC's, and other vehicles of asset protection as I've seen. The information is only relevant to those who earn above approximately $150,000, but is absolutely essential to those people who have assets and want to shield them from lawsuits and other forms of loss. This is NOT a book about how to get rich quick.

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  • Anonymous

    Posted March 12, 2010

    No text was provided for this review.

  • Anonymous

    Posted August 25, 2009

    No text was provided for this review.

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