Frequently Asked Questions: 

What do I need to bring to class?

We provide you with the following items:

  • 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

  • Additional items to bring (optional)

  • Laptop or iPad for note taking 

  • Pens, Highlighters

  • How many participants per class?

    We limit the class size to 25 students.  This ensures that we are able to provide the proper amount of personal attention.

    Why is the course called “Wealth That Lasts?”

    "From shirt sleeves to shirt sleeves in three generations” is known as a Scottish proverb; but after years of reading, versions have appeared in virtually every culture including Italian, Spanish, and Chinese. The point of the saying is that one generation earns a fortune without changing its values, goals or customs. The next generation inherits wealth and adapts its values, goals and customs to it. The third generation, not understanding where the wealth came from or how it is to be maintained, squanders it, leaving itself and the next generation to start over. We believe this pattern points to the need for wealth owners to understand their values, goals, and personal circumstances and to use those as drivers for their wealth management strategies. Our instructors feel that these strategies need to be put into writing and communicated to everyone involved either immediately or in the future.

    All levels of experience are represented in this class, from those with no experience to those who have been responsible for managing their family’s wealth for decades. We gradually increase the sophistication level of the class material to make certain that no one is left behind. Instructors work hard to avoid industry jargon and instead speak in plain English. Instructors are also available for questions in person before class, during breaks, and after class, or they can be reached through the Contact page -here- on wtlcourse.com. Each instructor's email can also be found at this -link-.

    We have owned our business for more than three decades and received the “offer that we couldn’t refuse.” Now we are charged with the responsibility of managing this “new business” and neither of us has any confidence that we know exactly what we are doing. How can this course help us?

    As we say in most of our literature, managing wealth is a business; and therefore, we hope to teach people how to manage wealth like a business. Our goal is to provide the necessary tools and framework for you to confidently manage your financial team. We also hope to help you understand how to objectively monitor your performance regardless of what’s happening in the world.

    Who is the class intended for? You mention that it is exclusively for the “high net worth investor,” how do I know if we qualify?

    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.

    What costs are involved with course completion?

    The course fee is $995, which includes all books, worksheets, lecture notes, and other materials necessary for successful course completion.

    How much time does the course take?

    The Wealth That Lasts course is a five-week course with one class per week. The duration of each class is 2 ½ hours, resulting in a five-week course total of 12 ½ hours. Reading, homework, etc should take an additional one to two hours per week. The optional consultations are typically an hour each, which is two additional hours. The total commitment is approximately 25 hours.

    What should we expect?

    Please click on this link: –Class Overview–.  This should answer your questions.

    Can I access instructors outside of class?

    Yes, all contact information for every instructor can be found -here-

    Do you ever teach in other areas? We are in Boston and would love a course like this but can’t attend in Scottsdale or Los Angeles.

    We don’t currently teach in areas other than Irvine, CA, Westwood, CA, Westlake Village, CA, and Las Vegas, NV, but we have considered several other areas. If you have an area where you would like us to consider, please email or call us. If you have a private group that would be interested in taking the course, we can discuss that as well.  We also offer abbreviated one or two day versions of the course to families or private groups.

    We have four families associated with our family office but can’t attend with this schedule. Can you teach an altered schedule or a private course?

    Yes, we have taught private classes in the past and intend to continue to do so in the future. Please contact us with your particular information and we will determine if we can accommodate the request.

    How are instructors chosen?

    We choose professionals that have a solid combination of academic and professional experience. We only select those that have experience in both areas because we feel that the combination of academic pursuit paired with hands on practical application yields the best results for participants.

    Will I be solicited if I attend this class?

    No, instructors are solely here to educate students. Wealth That Lasts is a solicitation-free environment. 

    Will we be expected to discuss private financial information in class?

    No, participants are allowed to discuss whatever they wish in class but are not required to do so by the instructors or other participants. For this reason, each student will have the opportunity to participate in two consultations with the instructor(s). These consultations were developed to help translate course material to suit the needs of the individuals involved. This consultation is also the time when participants have the opportunity to ask the questions that they may not have felt were appropriate for discussion in a group setting.

    Will our confidentiality be protected?

    Each participant who starts the consultation process will be given a confidentiality agreement. Only members of the immediate staff of Wealth That Lasts course will have access to the information and only for purposes of creating your Net Worth Statement, Allocation Spreadsheet, Allocation Analysis, and Investment Policy Statement.

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    If you have any questions not addressed here, please email me at Bob.Bancroft@WTLcourse.com and I will reply promptly.

    Irvine, California

    Tuesdays, October 15- November 12, 2019

    6:00-8:30PM

    510 E. Peltason Dr. Irvine, California 92697

    Tuition: $995

    FREE information session: Tuesday, September 17, 2019 in same location as above

     https://ce.uci.edu/resources/events/event.aspx?id=00650

    Westwood, California 

    Wednesdays, February 12 - March 11, 2020

    Tuition: $995

    FREE information session: Tuesday, January 29, 2020

    Westlake Village, California

    Tuesdays, February 11- March 10, 2020

    Tuition: $995

    FREE information session: Tuesday, January 28, 2020

    Las Vegas, Nevada 

    TBD

    General Information:
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    This is not a solicitation. Wealth That Lasts is not a brokerage firm, and we do not sell any investment products. The Wealth That Lasts course is solely intended to be an educational resource.

    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 recommend 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.

     

    The appropriateness of a particular investment or strategy will depend on an investor’s individual circumstances and objectives. Principal value and return of an investment will fluctuate with changes in market conditions.

     

    Investors should carefully consider the investment objectives and risks as well as charges and expenses of a mutual fund before investing. To obtain a prospectus, contact your Financial Advisor or visit the fund company’s website. The prospectus contains this and other important information about the mutual fund. Read the prospectus carefully before investing.

     

    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.  

     

    CDs are insured by the FDIC, an independent agency of the U.S. Government, up to a maximum of $250,000 (including principal and accrued interest) for all deposits held in the same insurable capacity (e.g. individual account, joint account, IRA etc.) per CD depository. Investors are responsible for monitoring the total amount held with each CD depository. All deposits at a single depository held in the same insurable capacity will be aggregated for the purposes of the applicable FDIC insurance limit, including deposits (such as bank accounts) maintained directly with the depository and CDs of the depository. For more information visit the FDIC website at  www.fdic.gov.

     

    S&P 500 Index is an unmanaged, market value-weighted index of 500 stocks generally representative of the broad stock market.  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.