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Asset Management: Wealth - Essay Example

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Asset Management: Wealth

The first one is to “align family and business interests around wealth-building goals and strategies”. To define what Stuart wanted to reflect here, being able to manage your assets in any kind of business could never start paving the right road without building strong goals as foundation and identifying the interests of those involved. This is because of the fact that there are a lot of asset management techniques that different companies now take on depending on the direction they want their company to go, of course, with consideration to the interests of the different stakeholders involved in the business. Thus, one would need to consolidate all the interests of parties involved and make sure every decision would seek to cater to each goal and at the same time, if possible, prove to be cost effective. Another of the eight principles that takes the lead in managing assets well would be to “create a culture of accountability”. ...Show more

Summary

Wealth Wealth is something that has been a huge part of our lives not because of our love for money instead because of what money could buy us. However, Stuart Lucas in his book “Wealth” discusses a lot of other sides and faces of wealth which a lot of us do not realize, thus, causing us to not make wise investments, mismanage our finances, lose it in just a snap of a finger, or perhaps not find any fulfillment in it at all…
Author : eichmannadah
Asset Management: Wealth essay example
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