Summary of Brooke Harrington's Capital without Borders - E-book - ePub

Please note: This is a companion version & not the original book. Sample Book Insights: #1 The history of wealth management shows that the profession has evolved from amateurs to a profession that impacts contemporary global politics and finance. However, this study shows that professionals have not replaced social trusteeship with the pursuit of profit; rather, they coexist in uneasy tension with one another. #2 The work of wealth managers is governed by an aristocratic code based on service, loyalty, and honor.
They defend large concentrations of wealth from attack by outsiders. #3 The practice of trusteeship, which is the transfer of title to an adult male friend or relative while the original landowner is still alive, was developed to solve the problems of land seizures and taxes. It was a method of applying two forms of ownership to a single property. #4 The system of trusts, which was in place in England, America, and other common-law countries, allowed elites to preserve their wealth by transferring it into trust.
This was done by evading the laws that threatened to dissipate dynastic wealth.