“Those that have wealth must be watchful and wary...”
—Thomas Haynes Bayly
Now that we’ve discussed your values regarding wealth (Chapter 3, “Start with Your Family Purpose”) and the various options you have when it comes to wealth management goals (Chapter 4, “Defining Your Financial Objectives”), it’s time to talk about the wealth management industry—into whose hands you might ultimately place your wealth for investment. It’s a mysterious industry that you must learn to navigate, but for which no easy-to-follow road map exists.
Within the industry, I will introduce you to three different worlds: “the Capital Kibbutz,” “the Secret Society,” and “the Enchanted Forest.” Stepping ...