FT Guide to Wealth Management

Table of contents

1. Cover
2. About the author
3. Title Page
4. Table of Contents
5. Acknowledgements
6. Publisher’s acknowledgements
7. Introduction
8. PART 1 STRATEGIC PLANNING
   1. 1 Know where you are going and why
      1. Money values
      2. Life planning can provide deeper meaning to goals and dreams
      3. The three difficult questions
      4. What’s really important?
      5. Financial planning policies
      6. Clear goals
      7. Other goals
      8. Time horizon
      9. Current/desired lifestyle expenditure
   2. 2 Knowing your ‘financial personality’
      1. Behaviour
      2. Communication style
      3. Financial risk profile
      4. Emotions and money
      5. Emotional intelligence
      6. The nine high-net-worth personalities
      7. Financial personalities
      8. And finally…
   3. 3 The wealth framework
      1. The wealth summary
      2. The financial plan
      3. The investment policy statement
   4. 4 The value of advice
      1. The media is not your friend
      2. The financial services marketing machine
      3. Average investors and markets
      4. Responding to changing economic conditions
      5. Decide what advice service you need and will value most
      6. The role of a good financial adviser or wealth manager
      7. Wealth management
      8. The expert network
      9. Experience and professional qualifications
      10. Fees and other costs
9. PART 2 THE INVESTMENT ENGINE
   1. 5 Rules of the investing ‘game’
      1. Speculating is not investing
      2. Capitalism and markets do work
      3. Risk and return are linked
      4. Equity risk
      5. The multi-factor model
      6. Bond maturity and default premium
      7. Focus on the mix of assets
      8. Investment risk
      9. What’s right for me?
   2. 6 The investment building blocks
      1. Fixed interest investments
      2. Equities
   3. 7 Alternative investments
      1. Gold
      2. Hedge funds/fund of hedge funds (FOHFs)
      3. Structured products
      4. Private equity
      5. Life settlement funds
      6. Zeros
      7. Convertible bonds
      8. Residential buy-to-lets
   4. 8 Active or passive?
      1. Active investment management
      2. Passive investment management
      3. Core and satellite investing
      4. The efficient market hypothesis
      5. Bulls and bears
      6. Winning the loser’s game
      7. Making a choice
   5. 9 Options for investing
      1. Unit trusts, OEIcs and SICAVs
      2. Exchange-traded funds (ETFs)
      3. Investment trusts
      4. Passive management approaches
      5. Is the index an appropriate representation of the market?
      6. What are the full costs?
      7. Other types of investment funds
   6. 10 Other investment consideration
      1. Impact of dividends on overall investment returns
      2. The impact of regular withdrawals from your portfolio
      3. The importance of rebalancing your portfolio
      4. The use of debt and investing
10. PART 3 OTHER FINANCIAL PLANNING ISSUES
    1. 11 Minimising portfolio taxation
       1. The individual savings account (ISA) allowance
       2. The three main non-pension investment tax wrappers
    2. 12 General tax planning
       1. The main taxes
       2. Your tax risk profile
       3. Tax planning principles
       4. Practical ways of saving tax
       5. The need for advice
    3. 13 The role of insurance
       1. Insuring property and possessions
       2. Insuring against ill health
       3. Insuring against loss of income
       4. Insuring against liabilities arising on death
       5. Insuring against living too long
       6. Inheritance tax (IHT)
    4. 14 State and private pensions
       1. Basic State pension
       2. Private pensions
    5. 15 Managing your pension portfolio
       1. Cashflow needs
       2. Life expectancy and dependants
       3. Income tax, etc.
       4. Pension lifetime allowance
       5. Investment risk and tax efficiency
       6. Estate planning
       7. Taking benefits
       8. Annuities
       9. Self-Invested Personal Pensions (SIPPs)
    6. 16 Later life planning
       1. Powers of attorney
       2. Making wills in old age
       3. Long-term care fees
    7. 17 Wealth succession
       1. Inheritance tax (IHT)
       2. Estate planning basics
       3. Getting a bit more creative
    8. 18 Using trusts and alternative structures
       1. The two main types of trusts
       2. Practical uses of trusts
    9. 19 Philanthropy
       1. Giving time
       2. Giving money
       3. Reasons for giving
       4. Gift Aid
       5. Other income tax benefits
       6. Non-cash gifts to charities
       7. Charitable legacy IHT reduction
       8. Ways to give
    10. 20 A life with a purpose
        1. Are you inspired by your life?
        2. The power of knowing your ‘why’
        3. Happiness is not the same as pleasure
        4. Who do you have around you?
        5. A thought to leave you with
11. Useful websites and further reading
12. Index
13. Marketing Ad
14. Imprint