Stop Wasting Your Wealth in Mutual Funds: Separately Managed Accounts - The Smart Alternative

In Stop Wasting Your Wealth in Mutual Funds, Wilkinson throws passé investment strategy out the window to make room for the reality of a new era. According to Wilkinson, there’s a smart alternative to mutual funds-separately managed accounts, or SAMs.

In this brilliant how-to guide, Wilkinson explains that investors can gain and maintain wealth through a SAM, an individual basket of stocks or bonds. This new handbook shows how the average investor can now open a separate account for as little as $25,000-and have the account managed by a top institutional money manager through the investor’s financial advisor.

Stop Wasting Your Wealth in Mutual Funds proves to mainstream readers that they can invest like the super-rich and reap the myriad benefits of a SAM: reduced taxes, elimination of hidden fees, customized holdings, and potentially improved performance.

Packed with top-notch advice from a financial pro, Stop Wasting Your Wealth in Mutual Funds is the bible for investors seeking superior results with greater control. One of the most useful and thought-provoking investment books published this year.

Highlights In Stop Wasting Your Wealth in Mutual Funds, Don Wilkinson provides:

•Point-by-point comparisons of SAMs to mutual funds, outlining risks, benefits, and returns

•A user-friendly process for opening, customizing, and switching to a separate account from mutual funds

•A comprehensive list of financial advisors for fledgling investors

•Ways to find advisors who handle separate accounts for clients

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All Customer Reviews
Average Customer Review:
0 of 2 people found the following review helpful:

Book's thesis is nonsensical, 2007-07-14
Wilkinson spends most of the book deriding mutual funds and selling the idea that (if you are already wealthy) you should place your investable assets in seperately managed accounts. Strangely, the reasons he uses to slam mutual funds apply equally to SEPs.

Wilkinson blames high fees, incompetent or corrupt fund managers, and investor ignorance for mutual funds' supposed poor performance. His answer? Invest your money in your own account with broker's fees, an account manager to guide you, and your own investment decisions.

The audience for this book seem to be people with around $100K to invest, who are savvy enough to handle their own diversification and investment strategy and make sure their broker is on the level, but are unable to track the performance and diversify their mutual fund holdings.

If you are wealthy enough to safely follow the ideas in this book, chances are you don't need the advice in the first place.


4 of 7 people found the following review helpful:

A convincing explanation why you should avoid mutual funds and an alternative, 2007-01-06
Due to recent revelations, there are several messages that investors should receive loud and clear. New York State Attorney General Eliot Spitzer has done the general investor a great service. By exposing and prosecuting dubious and illegal practices by investment institutions such as flawed recommendation strategies and after hours trading, he has made the investment industry much more transparent. Many investment advisors were counseling their clients to purchase stocks where the advisor had a conflict of interest. Some were also conducting after hours trading, which in the words of Spitzer, was equivalent to "betting on yesterday's horse races." There is a simple lesson in this, there is no substitute for performing detailed and consistent due diligence regarding your investment portfolio.
In this book, Wilkinson points out the general ineffectiveness of investing in mutual funds. In doing so he performs a significant service for the higher end "average investor." By the time the fees and taxes are paid, expenses that are often understated by mutual fund brokers, most mutual funds under perform high interest money market accounts. Furthermore, mutual funds often lock you into investments that you would rather avoid.
Fortunately, while debunking investment in mutual funds, Wilkinson presents a viable alternative. It is the separately managed account, which provides a great deal more flexibility and where the expenses are much smaller. Unfortunately, most separately managed accounts require an initial investment of at least $100,000. Therefore, if you are an investor in that category, it would be very advantageous for you to read this book. Even if you are not, it is worth reading to learn the many pitfalls of investing in mutual funds.
The disadvantages of mutual funds and the advantages of separately managed accounts are completely explained in non-technical language. I am not an investor in mutual funds and after doing the research that reading this book prompted me to do, I probably never will. Wilkinson's main point of advice is very sound, but not easily executed. "Find a caring, knowledgeable financial advisor interested in benefiting you and stick with them for the long haul."



4 of 22 people found the following review helpful:

Stop wasting weath improved my bottom line, 2006-02-10
I have read Mr. Wilkson's book and really took it to heart. My wife and I changed our entire investement strategy as he suggested and now are making 12% on our IRA. Could not be happier.

Joe DeCamp


5 of 21 people found the following review helpful:

Great book for individual investors!!!, 2006-02-07
This a book worth reading. It provides plenty of useful information for the investor. If you are currently investing in mutual funds, read this book and find out why you shouldn't.


9 of 17 people found the following review helpful:

Excellent Information, 2006-02-02
As an investor in mutual funds for many years, I have finally found the
answers on why I have been losing money consistently in mutual funds.
For example, the book powerfully and successfully explains the
excessive fees and the built-in capital gains burden of mutual funds.
The idea of "tax harvesting" performed by a professional money manager
described clearly in the book makes sense to me. Unlike one reviewer,
who appears to want a textbook to teach financial planners about
separate accounts, I 'm an investor who demands solutions not a myriad
of details. I expect my Financial planner to take care of the
specifics. After reading this book, I am going to be questioning him
on why he hasn't put my portfolio into a separate account earlier. This
book is for investors like me. Low returns, paying excessive capital
gains taxes, nicked by fees and charges I don't even know about is my
history investing in mutual funds. This book offers an
alternative--separately managed accounts-- and makes sense for the
right investor. Check it out. I give it high marks

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