Here are 100 books that Goals-Based Wealth Management fans have personally recommended if you like
Goals-Based Wealth Management.
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Tony Davidow has more than 35 years of experience in working with advisors, institutions, and ultra-high-net-worth investors regarding advanced asset allocation strategies, and the use of alternative investments. He's currently Senior Alternatives Strategist at the Franklin Templeton Institute. Previously, Davidow held senior leadership roles with Morgan Stanley, Guggenheim, and Schwab among other firms. He's a frequent writer and speaker with deep expertise in the use of alternative investments, asset allocation and portfolio construction, and goals-based investing. In 2020, he received the prestigious Investments & Wealth Institute Wealth Management Impact Award for his contributions to the wealth management industry; and in 2017, he was awarded the Stephen L. Kessler Writing Award for excellence in editorial contributions.
Raj Sharma is an industry veteran who has spent decades dealing with wealthy investors.
Sharma describes the evolution of the wealth management industry, and the importance of total wealth management. This is a good book for financial advisors who are beginning their careers, or for advisors who are seeking to evolve their practices to better meet their client’s needs.
There are gaps to be filled in the wealth management industry . . . and you can make the difference.
Talking about money is taboo in many families, for many reasons. This lack of transparency spells opportunity for the wealth manager who can offer sane, sound, and practical advice for handling money successfully. However, many wealth management firms aren’t representative of the people they serve. Most focus too narrowly on the ultrawealthy, and the business as a whole isn’t as diverse as the United States―and it should be. There’s a world of opportunity in the financial advisory business, particularly for…
Tony Davidow has more than 35 years of experience in working with advisors, institutions, and ultra-high-net-worth investors regarding advanced asset allocation strategies, and the use of alternative investments. He's currently Senior Alternatives Strategist at the Franklin Templeton Institute. Previously, Davidow held senior leadership roles with Morgan Stanley, Guggenheim, and Schwab among other firms. He's a frequent writer and speaker with deep expertise in the use of alternative investments, asset allocation and portfolio construction, and goals-based investing. In 2020, he received the prestigious Investments & Wealth Institute Wealth Management Impact Award for his contributions to the wealth management industry; and in 2017, he was awarded the Stephen L. Kessler Writing Award for excellence in editorial contributions.
Hersh Shefrin shares research and insights regarding behavioral biases, and how investors respond to emotional stimuli.
Even though the research on behavioral finance has been around for decades, it hasn't been effectively incorporated into advisor practices. Shefrin emphasizes the importance of financial advisors to understand and embrace behavioral finance. He argues to ignore these psychological tendencies would be foolish and unwise.
This book provides a comprehensive treatment of behavioural finance. With the use of the latest psychological research, Shefrin helps us to understand the human behaviour that guides stock selection, financial services, and corporate financial strategy. He argues that financial practitioners must acknowledge and understand behavioural finance - the application of psychology to financial behaviour - in order to avoid many of the investment pitfalls caused by human error. Shefrin points out the common but costly mistakes that money managers, security analysts, financial planners, investment bankers, and corporate leaders make, so that readers gain valuable insights into their own financial decisions…
Tony Davidow has more than 35 years of experience in working with advisors, institutions, and ultra-high-net-worth investors regarding advanced asset allocation strategies, and the use of alternative investments. He's currently Senior Alternatives Strategist at the Franklin Templeton Institute. Previously, Davidow held senior leadership roles with Morgan Stanley, Guggenheim, and Schwab among other firms. He's a frequent writer and speaker with deep expertise in the use of alternative investments, asset allocation and portfolio construction, and goals-based investing. In 2020, he received the prestigious Investments & Wealth Institute Wealth Management Impact Award for his contributions to the wealth management industry; and in 2017, he was awarded the Stephen L. Kessler Writing Award for excellence in editorial contributions.
David Swensen, the former CIO of the Yale Endowment, changed the way that institutions and individuals thought about, and allocated capital to alternative investments.
Swensen famously made big allocations to alternatives, delivering stellar returns, and spawning the “endowment model”. His approach was later adopted by other endowments and institutions as an intelligent allocation of capital.
In his fourteen years as Yale's chief investment officer, David Swensen has revolutionised management of the university's investment portfolio. By relying on nonconventional assets, including private equity and venture capital, Swensen has achieved a remarkable annualised return of 16.2 percent, which has added more than $2 billion to Yale's endowment. With his exceptional performance record prompting many other institutional portfolio managers to emulate his approach, Dr. Swensen has long been besieged by professionals in the field to write a book articulating his philosophy and strategies of portfolio management.
Pioneering Portfolio Managementprovides a road map for creating a successful investment programme.…
Tap Dancing on Everest, part coming-of-age memoir, part true-survival adventure story, is about a young medical student, the daughter of a Holocaust survivor raised in N.Y.C., who battles self-doubt to serve as the doctor—and only woman—on a remote Everest climb in Tibet.
Tony Davidow has more than 35 years of experience in working with advisors, institutions, and ultra-high-net-worth investors regarding advanced asset allocation strategies, and the use of alternative investments. He's currently Senior Alternatives Strategist at the Franklin Templeton Institute. Previously, Davidow held senior leadership roles with Morgan Stanley, Guggenheim, and Schwab among other firms. He's a frequent writer and speaker with deep expertise in the use of alternative investments, asset allocation and portfolio construction, and goals-based investing. In 2020, he received the prestigious Investments & Wealth Institute Wealth Management Impact Award for his contributions to the wealth management industry; and in 2017, he was awarded the Stephen L. Kessler Writing Award for excellence in editorial contributions.
David Darst offers a foundational perspective on the importance of asset allocation.
Darst examines the differences between strategic and tactical asset allocation, and the historical risk-return characteristics of asset classes. He also acknowledges some of the behavioral biases of investors and suggests how to deal with them effectively.
This is the all-in one guidebook for understanding - and profiting. It is from - today's most up-to-date, market-proven asset allocation strategies. All investing constitutes a trade-off between the returns you seek and the risks you are willing to take. Asset allocation involves the spreading of those risks in order to minimize their potential impact. Too often, however, even minor misuse of asset allocation principles can adversely affect portfolio performance - and lead advisors and investors to disregard the very tools they need to get their portfolios back on track. "The Art of Asset Allocation" is today's most comprehensive and…
Almost 20 years ago, I committed to investing all of my money–starting with my cash–in ways that align with my values. It’s been a long and arduous journey, even with the help of financial advisors. When I retired, I took control of my money and realized investing this way does not have to be that hard. Moreover, most women want to invest in their values, but no one is helping them. So, I wrote a book to share the knowledge I’ve gained over 40 years as an investor. Later, I co-founded Invest for Better, a non-profit that puts women into investment clubs to help them become confident, values-aligned investors.
It is great to see women stepping up to write investment books that go beyond the status quo–a financial system developed primarily by men for men. Rather, they help us to think–and act–differently.
Unlike other books about investing for impact, this book leads with stories. Although the book addresses practical questions like: Do I need a financial advisor? How do I start as a 401(k) or DIY investor? How do I want to define risk and return?–it also tells the stories of women (and a few men) who are paving a new way of investing for others to follow, inspiring you to join them.
Whether you have $100 or $100 million in your bank account, you have the power to change the world for the better.
Having lived through recessions and pandemics, we all recognize the importance of financial well-being. But we are also living in a time of uncertainty, marked by injustice, climate crisis, and social change. How do we reconcile these two things--our financial well-being and our desire to advocate for a more just and equitable world? Perhaps you already donate to causes you care about, or you're looking to start, but the world of finance and investment feels intimidating, especially if…
The stock market has been a passion of mine for over 15 years. These books have helped me learn how to spot trends and manage my risk while trading in stocks and cryptocurrencies through bull and bear markets.
Mark Minervini is undoubtedly one of the greatest traders to ever live. This book is an absolute gem, building on what O’Neil wrote in his book. Minervini has gotten his trading down to absolute precision, from when to buy, when to sell, and how to screen for stocks. It’s all in here. A must-read for anyone looking to learn about trading.
"Minervini has run circles around most PhDs tryingto design systems to beat the market." -- JACK SCHWAGER, bestselling author of Stock Market Wizards
"Mark's book has to be on every investor's bookshelf. It is about the most comprehensive work I have ever read on investing in growth stocks." -- DAVID RYAN, three-time U.S. Investing Champion
"[Minervini is] one of the most highly respected independent traders of our generation. His experience and past history of savvy market calls is legendary." -- CHARLES KIRK, The Kirk Report
"One of Wall Street's most remarkable success stories." -- BEN POWER, Your Trading Edge
We first met about 10 years ago at Sheffield Hallam University, bonding as work colleagues over a love of enabling students to understand wealth management and finance in a way that we hoped they would find interesting and accessible. The books we chose mix our love of storytelling and making finance accessible by using real-world experiences. They do this in a unique way, challenging the reader to think about their understanding and perspective, something we try to do every day. It has been lovely to reread these books before writing the reviews, reminding us of what makes us tick. We hope they help you to find your tick too.
We enjoyed this book for its innovative approach, which involves a very specific and defined focus, and its appropriateness for a broad spectrum of investors. The method empowers investors to utilise selected criteria in their investment choices to create a successful investment strategy. It provides “tried and tested” principles for “stock pickers,” focusing on the author’s growth investing specialism.
The book is written in a style that is easy to digest but makes some complex investment methods seem obvious, just what I like in books. It is concise but each chapter allows the reader to reflect on their understanding. This represents a good investment for an investor looking to broaden their knowledge and develop their own investment approach.
Jim Slater's classic text brought back into print Jim Slater makes available to the investor - whether the owner of only a few shares or an experienced investment manager with a large portfolio - the secrets of his success. Central to his strategy is "The Zulu Principle", the benefits of homing in on a relatively narrow area. Deftly blending anecdote and analysis, Jim Slater gives valuable selective criteria for buying dynamic growth shares, turnarounds, cyclicals, shells and leading shares. He also covers many other vitally relevant aspects of investment such as creative accounting, portfolio management, overseas markets and the investor's…
I’m a money manager for high-net-worth individuals. During my Wall Street years, I was ranked number one in my category in the Institutional Investor All America Research Survey for nine consecutive years. The CFA Society New York presented me its Ben Graham Award in 2017. I’ve served as a governor of the CFA Institute and consultant to the Federal Reserve Board of Governors. My writings have appeared in the Wall Street Journal, Barron’s, the Financial Times, and various scholarly journals. I live in New York City with my wife, musicologist Elaine Sisman. We have two children and five grandchildren.
Forget bromides such as buying a stock because your experience with the company’s product has been good. The hugely successful money manager Howard Marks makes the essential point that the goal is not to find good companies but to make good purchases. “It’s not what you buy,” he says, “it’s what you pay for it.” Investors who are interested in good outcomes rather than thrills will find many more sound principles in this book.
"This is that rarity, a useful book."--Warren Buffett Howard Marks, the chairman and cofounder of Oaktree Capital Management, is renowned for his insightful assessments of market opportunity and risk. After four decades spent ascending to the top of the investment management profession, he is today sought out by the world's leading value investors, and his client memos brim with insightful commentary and a time-tested, fundamental philosophy. Now for the first time, all readers can benefit from Marks's wisdom, concentrated into a single volume that speaks to both the amateur and seasoned investor. Informed by a lifetime of experience and study,…
Investing in the share market appears to be a bewildering, constantly shifting, extremely noisy, and busy world – one best left to the experts. Fortunes can be made but, equally, fortunes can be lost – with devastating results for those on the receiving end. And yet there are a few, simple, timeless principles to investing in the market successfully – and, ironically, those principles – known collectively as index or passive investing – will be more successful than all the noisy, busy stuff put out by the industry. In writing our book, this is what we would like as many people as possible to know. It’s not about being smart.
This is a slim, to-the-point, easily understood book based on the same principles as the well-known book on writing, The Elements of Style. With its five chapters, it is the opposite of the highly complex, bewildering, we-know-more-than-you communication put out on a daily basis by the investment industry. Its wisdom is timeless. It’s all that a first-time investor needs to know.
Seize control of your financial future with rock-solid advice from two of the world's leading investment experts
Investors today are bombarded with conflicting advice about how to handle the increasingly volatile stock market. From pronouncements of the "death of diversification" to the supposed virtues of crypto, investors can be forgiven for being thoroughly confused.
It's time to return to the basics. In the 10th Anniversary Edition of The Elements of Investing: Easy Lessons for Every Investor, investment legends Burton G. Malkiel and Charles D. Ellis deliver straightforward, digestible lessons in the investment rules and principles you need to follow to…
Few of us take the time to analyze our financial needs and goals to answer that pressing question. In Wealth Odyssey, author Larry R. Frank Sr. uses his extensive financial background to provide a universal road map that will help…
Wealth Odyssey is a summary work based on a 12-hour adult education course I taught for 10 years. It’s important to me to educate people through my 29 years in the profession (1994-2023), my focus has always been on helping people first understand that retirement means you’re wealthy enough not to work anymore – working is optional. You don’t need to be rich. Wealth is scalable for any income level and comes from foundation income and investments to supplement that foundation to support your desired lifestyle’s Standard of Individual Living (SOIL) for as long as you live. Your focus should be on your plan and apply a few concepts grounded in well researched evidence.
This is a wonderful book organized around four main concepts, each valuable in their own right: 1) The Theory of Investing; 2) The History of Investing; 3) The Psychology of Investing; and 3) The Business of Investing.
The latter, the business section makes it clear the stockbroker is not your friend, even though they’re friendly (by design). Having started my career on the sales side of the business, I quickly learned the agenda is less about the customer and more about product sales, even though I was also a Certified Financial Planner ProfessionalTM.
I dropped sales licenses and became a fee-only advisor and member of the National Association of Personal Financial Advisors (NAPFA) where the focus is on planning and helping clients achieve their wants and goals.
The principles in Bernstein’s book marry well with those of both Swedroe’s and Statman’s books (above) in the application of growing…
This new edition of the bestselling guide brings sophisticated investors-including institutional and individual investors, investment bankers, and those who want to follow in the footsteps of legends like John Bogle-up to date on ETFs, risk management, neuropsychological investing concepts, and more
Since its original publication two decades ago, The Four Pillars of Investing has become a classic guide for serious investors. The practicalities of investing, however, have changed dramatically, particularly pertaining to ETFs, and thinking has evolved about a host of key issues, such as lifecycle finance, the nature of risk, and basic finance and neuropsychological concepts. This new edition…
