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Capital Without Borders
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How do the one percent keep getting richer despite financial crises and the myriad of taxes on income, capital gains, and inheritance? Brooke Harrington interviewed professionals who specialize in protecting the fortunes of the world’s richest people: wealth managers. To gain access to their tactics and mentality, she trained to become one of them.

File Size: 2395 KB

Print Length: 389 pages

Page Numbers Source ISBN: 0674743806

Publisher: Harvard University Press (September 12, 2016)

Publication Date: September 12, 2016

Sold by:  Digital Services LLC

Language: English

ASIN: B01INP11GU

Text-to-Speech: Enabled

X-Ray: Not Enabled

Word Wise: Enabled

Lending: Not Enabled

Enhanced Typesetting: Not Enabled

Best Sellers Rank: #61,347 Paid in Kindle Store (See Top 100 Paid in Kindle Store) #2 in Books > Law > Business > Banking #2 in Kindle Store > Kindle eBooks > Law > Business > Banking #14 in Kindle Store > Kindle eBooks > Nonfiction > Politics & Social Sciences > Politics & Government > Specific Topics > Globalization

I read “Capital Without Borders,” a book on wealth management, because I wanted a “how-to” book. How could I, were I to become adequately rich, maximize my wealth by using methods available only to the knowledgeable and connected? Unfortunately for my purpose, “Capital Without Borders” doesn’t delve deeply enough into the precise mechanics of wealth maximization to be a useful “how-to” book. But it does contain a wide variety of interesting insights into the world of the new globalized elite, citizens of no country who completely lack positive feeling and loyalty towards their native lands. These insights are the book’s real value.I ordered this book when I read an article on Harrington’s research in The Atlantic. She is a professor of sociology. When deciding to focus on wealth management, she early identified that the profession was insular, secretive, and not likely to have its practitioners give up its knowledge to an academic who contacted its members out of the blue. Therefore, she went to the trouble of obtaining what is “the accepted global standard for practitioners, the TEP, or Trust and Estate Planning certification,” issued by the London-based Society of Trust and Estate Practitioners (STEP). TEP is a “two-year wealth management training program,” which she earned under her own name, not concealing her purpose of publicly analyzing the wealth management profession. Through this, she both learned the details of wealth management, and, more importantly, met and was able to get to know and interview numerous individuals around the world who earn their living in wealth management (who are quoted using pseudonyms). This is a very impressive accomplishment and gives the reader a high degree of confidence in the book.

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