Wealth That Lasts
A Private Wealth Management Course
Designed Exclusively for Affluent Individuals and Families
Fall 2019 Classes Coming Soon
In Partnership With
Tuesdays, March 19- April 16, 2019
Information Session: https://ce.uci.edu/resources/events/event.aspx?id=00650
What is the Wealth That Lasts?
Started in 1999, the Wealth That Lasts course is a private wealth management course designed exclusively for high net worth* individuals and families. The course is designed to instruct you on the core aspects of what we believe to be a proper wealth management strategy. For 18 years, we have taught Wealth That Lasts through the colleges of extension at major universities, including UCLA and UCI.
*For purposes of this course, “high net worth” is defined as an individual having investable assets of $5 million or more or families having investable assets of $10 million or more.
Why Take Wealth That Lasts?
We believe that education is the first step to successfully managing your wealth. Without a complete understanding of the fundamental components of wealth management, we believe that you will lack the knowledge and tools to effectively manage your wealth. In the Wealth That Lasts course, our instructors hope to provide you with an education that enables you to take control of personal finances and to confidently manage your wealth. Through our unbiased, solicitation-free environment, our goal is to help you understand what tools are available to you and how to put together a wealth management plan that is aligned with your personal values, goals, and objectives.
Since 1999, Wealth That Lasts instructors have helped students:
Build a process-driven wealth management strategy that balances your goals and values with your personal circumstances.
Block out the random, disconnected noise of the investment markets and focus on the things that are truly important
Define meaningful and measurable values, goals, and objectives
Determine your level of risk tolerance for investing
Communicate your wealth management strategies to your family members and your advisors
Effectively monitor and evaluate performance
Develop your personal business plan for investing and learn which responsibilities you can delegate and those you must retain
In addition, we hope to give you knowledge and insight on the following course topics:
Investment Types (i.e. stocks, bonds, cash)
Proper Estate and Gift Planning Strategies
Spending, Inflation, Taxation, and Fees
Investment Policy Statement
Modern Portfolio Theory: Standard Deviation, Diversification, Correlation, Asset Allocation, Efficient Frontier, Monte Carlo Simulation
Investment Manager Evaluation
Manager and Fund Information
Who Should Attend?
The Wealth That Lasts course is designed exclusively for the unique requirements of affluent individuals and families. We believe this course is ideal for you if any of the following conditions describe your financial situation:
Your wealth is transitioning from one generation to the next
You have inherited or are about to inherit family wealth
You have experienced a liquidity event such as selling a business or receiving a large cash settlement
You want to involve your spouse and/or other family members in managing your wealth
You have achieved financial success through business
Your family is in transition from illiquid to liquid assets
In addition, we believe you should attend the Wealth That Lasts course if you:
Are turned off by courses that only want to solicit financial services or products
Like most, you have felt at a disadvantage when speaking with a professional advisor
Feel dissatisfied with your current method of investment management
Wish to have a deeper understanding of investing and a rigorous education on wealth management
Tuesdays, February 19 - March 19, 2019
Included in Course:
Binder with professionally prepared lecture notes
Binder with class worksheets, articles, and case studies
Winning the Loser’s Game by Charles Ellis
Asset Allocation by Roger Gibson
Class 1 - Values, Goals, & Objectives; Net Worth and Financial Independence; Realistic Expectations; Inflation and Taxation
Class 2 - Risk and Risk Tolerance; Portfolio Theory; Goal Testing
Class 3 - Investment Choices; Manager & Fund Information; Choosing & Managing Your Team
Class 4 - Plan Implementation; Investment Policy Statement; Performance Monitoring
Class 5 - Creating Your Living Legacy: Wills, Trusts, and Gifts
Meet Our Instructors:
Bob is the founder and owner of Global Wealth Management Institute. He is also the author and instructor of the Institute’s “Wealth That Lasts” classes, which are offered through UCLA Extension. Throughout his 27-year career, Bob has been an OTC Stock Trader, Financial Advisor, Branch
Manager, and District Manager. Since 1989, he has focused his career on learning, adapting, and teaching the methods of institutional wealth management for affluent individuals, families, and fiduciaries.
Bob’s knowledge of market history, ability to teach, extensive experience as an advisor, and disciplined process-driven approach to wealth management have proven to be essential assets in guiding his students through the myriad challenges of the investment markets.
BA, Finance – Michigan State University, 1989
Paul N. Stam
JD, LL.M., MS
Paul has held prominent positions within the legal community and multiple financial institutions for over
26 years. He provides customized planning strategies to high net worth and ultra-high net worth individuals and families. Paul’s services feature advanced estate planning techniques, cash flow analysis, executive compensation planning, risk management analysis, and retirement, business succession, charitable and income tax planning. Paul holds a Bachelor’s Degree in English from the University of California Irvine, a Juris Doctor from Western State University College of Law, and a Master of Science in Financial Planning form the College of Financial Planning.
With over 20 years of experience in the financial services industry, Jason advises institutions, fiduciaries, and individuals on sector analysis, asset allocation, and security selection. Jason holds the desinations of Certified
Investment Management Analyst (CIMA®) and Certified Investment Management Consultant (CIMC®) taught through the Wharton School of the University of Pennsylvania.Jason is also an active member of the Investment Management Consultants Association and the Center for Wealth Management.
BA, Finance – University of Colorado at Boulder
R. Michael Lenderink
Mike has been in the financial services industry for more than twenty-seven years. Throughout his career, Mike has served as a Financial Advisor, Branch Manager, and National Coach. Mike has worked with individuals, families, corporations, endowments, foundations, and pensions. He guides clients on how to structure portfolios with an emphasis on risk management and tax efficiency. Mike has also completed the Applied Behavioral Finance Program sponsored by the Investments & Wealth Institute and taught by notable experts from leading business schools: Duke, MIT, Yale, and Santa Clara.
Mike holds the designation of Certified Investment Management Analyst (SM), taught in conjunction with the Wharton School of the University of Pennsylvania and
sponsored by the Investments & Wealth Institute (formerly IMCA). He also holds the designation of Certified Retirement Planning Counselor (SM) sponsored by the College for Financial Planning.
Mike and his wife live in Phoenix, Arizona, with their four children. Mike has been an active volunteer in the community, serving on the board of directors for United Cerebral Palsy from 1995 – 2001, including one year as president in 2000. He also served on the board of directors for the Arizona Humane Society from 2003 – 2011.
Mike holds a Bachelor of Arts degree from Michigan State University and is an active member of the Investments & Wealth Institute.
The securities/instruments discussed in this material may not be suitable for all investors. The appropriateness of a particular investment or strategy will depend on an investor’s individual circumstances and objectives. Global Wealth Management Institute and Wealth That Lasts recommends that investors independently evaluate specific investments and strategies, and encourages investors to seek the advice of a financial advisor.
Global Wealth Management Institute and Wealth That Lasts do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
Past performance is no guarantee of future results.
Asset allocation and diversification do not guarantee a profit or protect against a loss in a declining financial market.
Rebalancing does not protect against a loss in declining financial markets. There may be a potential tax implication with a rebalancing strategy. Investors should consult with their tax advisor before implementing such a strategy.
Any type of continuous or periodic investment plan does not assure a profit and does not protect against loss in declining markets. Since such a plan involves continuous investment in securities regardless of fluctuating price levels of such securities, the investor should consider his financial ability to continue his purchases through periods of low price levels.
Monte Carlo simulations are used to show how variations in rates of return each year can affect your results. A Monte Carlo simulation calculates the results of an analysis by running it many times, each time using a different sequence of returns. Results generated by a Monte Carlo simulation will vary with each use and over time because each portfolio simulation is randomly generated. Some sequences of returns will give you better results, and some will give you worse results. These multiple trials provide a range of possible results, some successful (you would have met all your goals) and some unsuccessful (you would not have met all your goals). The percentage of trials that were successful is shown as the probability that the analysis, with all its underlying assumptions, could be successful. Results using Monte Carlo simulations indicate the likelihood that an event may occur as well as the likelihood that it may not occur. In analyzing this information, the analysis does not take into account actual market conditions, which may severely affect the outcome of your goals over the long term. The projections or other information generated by a Monte Carlo simulation regarding the likelihood of various investment outcomes (including any assumed rates of return) are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. Global Wealth Management Institute and Wealth That Lasts cannot give any assurances that any estimates, assumptions or other information generated by a Monte Carlo simulation will prove correct. They are subject to actual known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those shown.
Interest in municipal bonds is generally exempt from federal income tax. However, some bonds may be subject to the alternative minimum tax (AMT). Typically, state tax-exemption applies if securities are issued within one’s state of residence and, local tax-exemption typically applies if securities are issued within one’s city of residence.
Bonds are affected by a number of risks, including fluctuations in interest rates, credit risk and prepayment risk. In general, as prevailing interest rates rise, fixed income securities prices will fall. Bonds face credit risk if a decline in an issuer's credit rating, or creditworthiness, causes a bond's price to decline. Finally, bonds can be subject to prepayment risk. When interest rates fall, an issuer may choose to borrow money at a lower interest rate, while paying off its previously issued bonds. As a consequence, underlying bonds will lose the interest payments from the investment and will be forced to reinvest in a market where prevailing interest rates are lower than when the initial investment was made. NOTE: High yield bonds are subject to additional risks such as increased risk of default and greater volatility because of the lower credit quality of the issues.
S&P 500 Index is an unmanaged, market value-weighted index of 500 stocks generally representative of the broad stock market.
Dow Jones Industrial Average is a price-weighted index of the 30 “blue-chip” stocks and serves as a measure of the U.S. market, covering such diverse industries as financial services, technology, retail, entertainment and consumer goods.
An investment cannot be made directly in a market index.
Information contained herein has been obtained from sources considered to be reliable, but Global Wealth Management Institute and Wealth That Lasts do not guarantee their accuracy or completeness.
The views expressed herein are those of the author and all opinions are subject to change without notice. Neither the information provided nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Past performance is no guarantee of future results.
Any case study presented is provided for illustrative purposes only. Past performance is no guarantee of future results. The information has been obtained from sources we believe to be reliable, but we cannot guarantee its accuracy or completeness. These strategies do not guarantee a profit or protect against loss and may not be suitable for all investors. Each person’s specific situation, goals, and results, may differ.
Many people think financial independence means having a large sum of money. We have found that true financial independence is better defined as a relationship between a person’s assets (and productive capacity) and his or her desired lifestyle. When these elements are in balance, the person is financially independent.
Balancing Assets & Needs
Many wealthy investors do not understand how to balance their assets with their lifestyle needs. They have busy schedules and don’t have sufficient time to acquire the knowledge and the tools needed to establish goals that consider their personal values and long-term strategies. Plus, the “noise” in the marketplace created by financial professionals and the media can be distracting and confusing when attempting to plan for the future.
Because all investors are different and their needs vary, there is no single source that can claim to be a solution for all. We believe the solution requires an understanding of the values, goals, and personal circumstances of the individual before a solution can be proposed. That’s one of the primary reasons why the Wealth That Lasts Course was developed.
Unbiased and Confidential
All advice given in this course is unbiased. Our instructors teach with the sole purpose of educating you on what we believe to be a proper wealth management strategy.
All information that you provide in this course is strictly confidential. Any documents that you fill out during this course are for your benefit, and only you and your instructor will see them. At the end of the five class sessions, we offer two optional consultations with the class instructor(s). At this time, the instructor(s) will go over the information you have provided and give you personal, unbiased advice based on your personal and financial situation. Once again, all information provided is confidential and all advice given is unbiased and strictly educational.
Solicitation Free Environment
The Wealth That Lasts course is a solicitation-free environment where a premium is placed on confidentiality. Our instructors' sole purpose is to educate. Their biographies can be viewed by clicking -here-.