The Financial Markets Update for Wealth Management Clients is a comprehensive review of financial markets and their impact on a wide variety of investment decisions. This book is intended to help the average person or small business person learn about the market and understand it. It is not a how-to guide or some magic pill to investing.
It takes a simple approach to Wealth Management by making the reader aware of the major economic, social and political factors that impact money and the economy. It shows readers what to look out for, what to avoid, and why certain investments have certain risks and rewards.
There are many topics covered in this book and this article will focus on one area, the Financial Markets. It covers four major areas of interest: International Business, Domestic Markets, Government Bonds, and Stock Markets.
Globalization has changed the face of global business, and the International Business Market is no exception. The global competition for market share has increased over the last decade or so and globalization has opened the door to cheaper goods and services. Some of the benefits of globalization include lower prices and improved consumer standards. Many companies have successfully used globalization to gain a competitive advantage in their markets.
Domestic markets are not the only area of interest. The Domestic Markets also cover how government bonds affect a country’s economy. These markets include the stock markets and the financial markets. If you are familiar with the stock market then you probably already know about government bonds, but there are many other areas that go into understanding these markets.
Overall, the Wealth Management Client Review by Michael R. Gertler provides a valuable look into the financial markets. You should take advantage of this book and read it cover to cover and make notes. If you want to become more knowledgeable about financial markets then this book will help. However, if you already have a good handle on the market then you probably do not need this book.
The various financial markets include the U.S., U.K., Japan, the Eurozone, Canada and China. There are many chapters and sections to cover each area so the information covered is easy to read and understand.
This Wealth Management Client Review focuses mainly on the domestic market. There is no information about international investing. I know that the author is aware of the importance of international investing, but his emphasis is on domestic investment. The author uses some interesting examples throughout the book to make his point.
If you have an interest in financial markets then I recommend reading this Wealth Management Client Review. It is short and informative.