Private Wealth: Wealth Management in Practice (Hardcover)

Foreword.

Introduction.

PART I: LIFE-CYCLE INVESTING CHAPTER.

The Future of Retirement Planning (Robert C. Merton).

Reprinted from The Future of Life-Cycle Saving and Investing, The Research Foundation of CFA Institute (October 2007):5–18.

CHAPTER 2: Is Personal Finance a Science? (Paul A. Samuelson).

Reprinted from The Future of Life-Cycle Saving and Investing, The Research Foundation of CFA Institute (October 2007):1–4.

CHAPTER 3: Lifetime Financial Advice: Human Capital, Asset Allocation, and Insurance (Roger G. Ibbotson; Moshe A. Milevsky; Peng Chen, CFA; and Kevin X. Zhu Reprinted from The Research Foundation of CFA Institute (April 2007).

CHAPTER 4: The Theory of Optimal Life-Cycle Saving and Investing (Zvi Bodie, Jonathan Treussard, and Paul Willen).

Reprinted from The Future of Life-Cycle Saving and Investing, The Research Foundation of CFA Institute (October 2007):19–37.

CHAPTER 5: Is Conventional Financial Planning Good for Your Financial Health? (Laurence J. Kotlikoff).

Reprinted from The Future of Life-Cycle Saving and Investing, The Research Foundation of CFA Institute (October 2007):55–71.

CHAPTER 6: The Life Care Annuity (Mark J. Warshawsky).

Reprinted from The Future of Life-Cycle Saving and Investing, The Research Foundation of CFA Institute (October 2007):103–106.

CHAPTER 7: The Longevity Annuity: An Annuity for Everyone? (Jason S. Scott).

Reprinted from the Financial Analysts Journal (January/February 2008):40–48.

CHAPTER 8: A Sustainable Spending Rate without Simulation (Moshe A. Milevsky and Chris Robinson).

Reprinted from the Financial Analysts Journal (November/December 2005): 89–100.

CHAPTER 9: Asset Allocation without Unobservable Parameters (Michael Stutzer).

Reprinted from the Financial Analysts Journal (September/October 2004):38–51.

PART II: INVESTMENT MANAGEMENT FOR TAXABLE PRIVATE CLIENTS.

CHAPTER 10: Investment Management for Taxable Private Investors (Jarrod Wilcox, CFA; Jeffrey E. Horvitz; and Dan diBartolomeo).

Reprinted from The Research Foundation of CFA Institute (January 2006).

CHAPTER 11: Core/Satellite Strategies for the High-Net-Worth Investor (Clifford H. Quisenberry, CFA).,

Reprinted from CFA Institute Conference Proceedings Quarterly (December 2006):38–45.

CHAPTER 12: The Higher Equity Risk Premium Created by Taxation (Martin L. Leibowitz).

Modifi ed from the Financial Analysts Journal (September/October 2003):28–31.

CHAPTER 13: Tax Deferral and Tax-Loss Harvesting (Jeffrey E. Horvitz).

Reprinted from CFA Institute Conference Proceedings: Wealth Management (October 2005):24–30.

CHAPTER 14: Tax Management, Loss Harvesting, and HIFO Accounting (Andrew L. Berkin and Jia Ye).

Reprinted from the Financial Analysts Journal (July/August 2003):91–102.

CHAPTER 15: Investing with a Tax-Effi cient Eye (Robert N. Gordon).

Reprinted from CFA Institute Conference Proceedings: Wealth Management (October 2005):31–40.

CHAPTER 16: Diversifying Concentrated Holdings (Scott D. Welch).

Reprinted from AIMR Conference Proceedings: Investment Counseling for Private Clients III (August 2001):30–35.

CHAPTER 17: Hedging Low-Cost-Basis Stock (Robert N. Gordon).

Reprinted from AIMR Conference Proceedings: Investment Counseling for Private Clients III (August 2001):36–43.

PART III: TAX-EFFICIENT WEALTH ACCUMULATION.

CHAPTER 18: Tax-Advantaged Savings Accounts and Tax-Effi cient Wealth Accumulation (Stephen M. Horan, CFA).

Reprinted from The Research Foundation of CFA Institute (June 2005).

CHAPTER 19: After-Tax Asset Allocation (William Reichenstein, CFA).

Reprinted from the Financial Analysts Journal (July/August 2006):14–19.

CHAPTER 20: Withdrawal Location with Progressive Tax Rates (Stephen M. Horan, CFA).

Reprinted from the Financial Analysts Journal (November/December 2006):77–87.

PART IV: AFTER-TAX PERFORMANCE MEASUREMENT.

CHAPTER 21: After-Tax Performance Evaluation (James M. Poterba).

Reprinted from AIMR Conference Proceedings: Investment Counseling for Private Clients II (August 2000):58–67.

CHAPTER 22: Taxable Benchmarks: The Complexity Increases (Lee N. Price, CFA).

Reprinted from AIMR Conference Proceedings: Investment Counseling for Private Clients III (August 2001):54–64.

CHAPTER 23: Explaining After-Tax Mutual Fund Performance (James D. Peterson; Paul A. Pietranico, CFA; Mark W. Riepe, CFA; and Fran Xu, CFA).

Reprinted from the Financial Analysts Journal (January/February 2002):75–86.

About the Contributors.

Index.