Here are 82 books that The Purposeful Wealth Advisor fans have personally recommended if you like
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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.
Jean Brunel was one of the early adopters of goals-based investing.
Brunel shares insights from his decades working with high-net-worth investors. This book serves as a foundation for all those that followed, and provided credence to aligning investments to specific goals, rather than merely outperforming some arbitrary benchmark.
Take a more active role in strategic asset allocation
Goals-Based Wealth Management is a manual for protecting and growing client wealth in a way that changes both the services and profitability of the firm. Written by a 35-year veteran of international wealth education and analysis, this informative guide explains a new approach to wealth management that allows individuals to take on a more active role in the allocation of their assets. Coverage includes a detailed examination of the goals-based approach, including what works and what needs to be revisited, and a clear, understandable model that allows advisors to help individuals…
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.…
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…
I’ve been in love with business books since I was a child and I’m also a big fan of great story telling. I didn’t realize until recently that you can have both in one book! Discovering this genre of business books that inspire and delight while passing along new and useful insights was a wonderful surprise for me that I like to share with others. These gripping stories have opened up a whole new world for me and allowed me to learn and apply their lessons much more quickly. It’s simply more fun and easier to remember new wisdom when it’s carried forward in gripping stories.
Through incredible stories set in Ancient Babylon, we are transformed and transfixed, all while learning a powerful new financial mindset.
I found myself totally engrossed in the stories of Arkad. I forgot that I was reading the book and learning so much because I was thoroughly entertained. But as I put the book down for the final time, I realized I had a whole new way to think about money and wealth creation.
The author's timeless wisdom and storytelling style make this book one of my favorite treasures to gift and recommend!
The Richest Man in Babylon, based on “Babylonian parables”, has been hailed as the greatest of all inspirational works on the subject of thrift, financial planning, and personal wealth. In simple language, these fascinating and informative stories set you on a sure path to prosperity and its accompanying joys. A celebrated bestseller, it offers an understanding and a solution to your personal financial problem. Revealed inside are the secrets to acquiring money, keeping money, and making money earn more money.
This original edition has the original language, content, and message from George S. Clason as intended in 1926. It's all…
I am a writer. That is the simplest way to condense the comedic, entrepreneurial, megalomaniacal human who appears in this form. And yes, I am an introvert, but one of the few who lacks stage fright. Additionally, I have met four of the five authors on this list. I am hoping the fifth one invites me to speak on her new journey to Unlock Your Big Energy. In conclusion, I 💜choco chip cookies, Murder, She Wrote, and BTS, in that order. Thank you for reading. 🙂
“Isn’t six figures enough? No, it’s not.” - Rachel Rodgers.
Since 2017, I have told anyone who will listen that I want to be a Billionaire Mum. Only $1B to go. I rarely got pushback, but I also rarely met anyone who had actual dreams, goals, or plans to become a millionaire, much less a billionaire. Then, in 2021, Rachel wrote the book that showed me why making millions of dollars in profit is necessary to make my dreams come true.
My biggest dream is to create a community of fellow ethical billionaires, host Mahlena's Davos–an alternative to the yearly World Economic Forum–and make the Earth a more equitable place. What is yours?
Are you ready to fill your life with more peace, power, and joy?
We Should All Be Millionaires details a realistic, achievable, step-by-step path to creating the support, confidence, and plan you need to own your success and become the millionaire the world needs you to be.
Only 10 percent of the world's millionaires are women, making it difficult for women to wield the economic power that will create lasting equality. Whatever is stopping you from having seven figures in the bank-whether it's shaky confidence, knowledge gaps when it comes to wealth building tactics, imposter syndrome, a janky mindset about…
I’m a former indoor kid and big-city girl, and I never imagined I’d wind up spending months of each year pooping in the woods—by choice! But walking all day every day on footpaths through the wilderness has become one of the greatest loves of my life, and I’m so glad to have books by other adventurous folks to keep me company when I’m back at home. I’ve written two of these books myself: How To Be Alone and What We Owe to Ourselves. I also write a weekly newsletter called Wild Letters, where I share honest stories of self-exploration both on and off the trail.
It might seem strange for a long-distance hiker to recommend a book on personal finance, but let’s not pretend that much of living an adventurous life (however you’d like to define that for yourself) comes down to the logistics of money, time, and other resources.
I learned so much from Kristy in this book, and I loved her non-preachy writing style and the honesty with which she told her story. Yes, this is a step-by-step guide, but for me, it felt like so much more than that: a truly inspiring and uplifting reminder that we don’t need to settle for the status quo.
From two leaders of the FIRE (Financial Independence, Retire Early) movement, a bold, contrarian guide to retiring at any age, with a reproducible formula to financial independence.
A bull***t-free guide to growing your wealth, retiring early, and living life on your own terms.
Kristy Shen retired with a million dollars at the age of thirty-one, and she did it without hitting a home run on the stock market, starting the next Snapchat in her garage, or investing in hot real estate.
Learn how to cut down on spending without decreasing your quality of life, build a million-dollar portfolio, fortify your…
Since engaging in my own personal development since 2006, and in buying my first investment property at the time; I have always had an interest in saving money and building wealth. We live in an abundant universe, and it is our birthright to have money to enjoy, and to achieve our goals. In high inflationary times, having ample amounts of cash in the bank is a source of comfort. Writing books also came from my passion for writing, and from also working in therapy, where many patients experienced financial difficulties. Regardless of the current rate of inflation, you can stay on top of it with the right tools and knowledge.
There is a quote that truly resonates, and inspires people to save money, regardless of what the economy is doing.
The author is not implying that you need to cut out a latte a day in order to become wealthy; yet he illustrates the value of your savings over time, if you just cut one latte a week. The power of compounding. The idea of fixing your finances has a creative angle here. Even buying his latte factor mug is a timely reminder that saving money feels really good.
“When you fix your finances, you fix your life.” - David Bach
INSTANT NEW YORK TIMES, USA TODAY, WALL STREET JOURNAL, AND INTERNATIONAL BESTSELLER
Discover #1 New York Times bestselling author David Bach's three secrets to financial freedom in an engaging story that will show you that you are richer than you think. Drawing on the author's experiences teaching millions of people around the world to live a rich life, this fast, easy listen reveals how anyone-from millennials to baby boomers-can still make his or her dreams come true.
In this compelling, heartwarming parable, Bach and his bestselling coauthor John David Mann (The Go-Giver) tell the story of Zoey, a twenty-something woman…
Everyone should be able to live a meaningful life in a place they love, where their day-to-day efforts participating in society result in the community becoming a more prosperous place over time, for themselves, and for those who come next. I founded Strong Towns to help people recognize that they have this opportunity, that they and their neighbors working together have the capacity to make things better, despite everything else going on. Cities are works in progress. It is not our job to finish ours, but we all have a role to play in making it stronger.
I was introduced to Jane Jacobs as required reading during graduate school. I’m convinced that most urban planners who claim to adore Jacobs have not actually read her, particularly Cities and the Wealth of Nations, which is my favorite. Its thoroughly brutal logic stands in contrast to nearly everything we still do to manage our cities. Jacobs is an insightful genius.
In this eye-opening work of economic theory, Jane Jacobs argues that it is cities—not nations—that are the drivers of wealth. Challenging centuries of economic orthodoxy, in Cities and the Wealth of Nations the beloved author contends that healthy cities are constantly evolving to replace imported goods with locally-produced alternatives, spurring a cycle of vibrant economic growth. Intelligently argued and drawing on examples from around the world and across the ages, here Jacobs radically changes the way we view our cities—and our entire economy.
With a long background in international banking and finance I am an advisor, writer, and speaker on behavioural risk, disruptive change & decision making. My primary interest is in understanding the decision making and risk taking processes of people and organisations, and how we can make better decisions and take more profitable risks. In addition, much of my research and work concentrates on how to understand emerging trends in business; and how our own biases and behaviours affect the way we either succeed or fail in new environments.
A fascinating look at Complexity Science and so-called self-organising systems and how they contribute to wealth creation.
This a rather long, and maybe slightly daunting, book. A criticism might be that the author is long winded in some of his detailed examination of new themes and ideas in economics. However, at the heart of the book is the desire to understand how real people, make real decisions in the real world.
Economics is changing radically. This paradigm shift, the biggest in the field for over a century, will have profound implications for business, government and society for decades to come.
In this groundbreaking book, economic thinker and writer Eric Beinhocker surveys the cutting-edge ideas of the leading economists, physicists, biologists and cognitive scientists who are fundamentally reshaping economics, and brings their work alive for a broad audience.
These researchers argue that the economy is a 'complex adaptive system', more akin to the brain, the internet or an ecosystem than to the static picture of economic systems portrayed by traditional theory. They…
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