I am a middle man. That is why they are dead.
Most American institutional money is owned by committees: investment committees of non-profits and retirement plans; trust committees; corporate boards of directors; even congressional and legislative committees. These committees exercise rights of ownership, but the money is not theirs. It is someone else’s money. It belongs to the beneficiaries of the organization.
This book helps investment committees to make decisions. It describes investment theory within the context of real committee operations. It suggests how to recruit and to train committee members, how to write investment policies with tangible goals, how to relate investment committee work to the work of other committees in the organization, and how to maintain continuity over time.
It also suggests that committee work can be stimulating and personally-rewarding.
By: Paul Coan, CFP®, ChFC®, CEA®In my years as a financial advisor to individuals, I have seen many expensive investing and asset management mistakes. Smart, knowledgeable people make errors in their finances that cost them thousands and hundreds of thousands in lost principal and
opportunities. These simple errors often involve the following: naming the wrong beneficiary on an IRA; leaving double-taxed assets in the estate; needlessly paying income taxes on Social Security income; placing improper investments in an IRA or bypass trust; paying excessive taxes on mutual fund holdings.
This book was written to help you avoid these simple errors and many other common financial mistakes.
