Goals-Based Wealth Management: An Integrated and Practical Approach to Changing the Structure of Wealth Advisory Practices

Part One

The Integrated Wealth Management Challenge

Part 1 of this book is dedicated to setting the stage pointing to the multiple challenges that wealth managers should expect to encounter and which are different from the institutional asset management norm. We look at the fact that managing wealth requires the applications of multiple disciplines and a solid evaluation of how they interact with one another; we illustrate one such interaction focusing on the issue of tax awareness and suggest that wealth management advisors should view being interpreters as a large part of their roles.