6. The New Wealth Management: The Financial Advisor’s Guide to Managing and Investing Client Assets
This volume really reads as a textbook or reference, accumulating the wisdom and experience of three highly successful advisors. As such, it’s suited for readers who want a thorough, step-by-step grounding in the practice and wealth management. Chapters are short and consistently high quality. Advisors can do worse than committing to reading a chapter per week. First published in 1997, and updated in 2011, the book dissects both practical and theoretical issues such as optimal asset allocation, investment and portfolio theory, and performance appraisal and evaluation. The book, part of the CFA Institute Investment Series, is designed to benefit a broad spectrum, ranging from active advisors seeking to improve their wealth management credibility to students interested in a career in financial planning. While still highly relevant, the book is dated in places, so an update for 2020 is definitely in order.
Harold Evensky, CFP, is president of Evensky & Katz. He served as chair of the TIAA-CREF Institute Advisory Board. Achievement.
Stephen M. Horan, CFA, manages professional education and private wealth management content for CFA Institute members. For many years, he was a professor of finance at St. Bonaventure University.
Thomas R. Robinson, CFP and CFA, is managing director in the Education Division of the CFA Institute.