August 7, 2008 | Read Time: 1 minute
NEW BOOKS
Beyond Success: Building a Personal, Financial, and Philanthropic Legacy
by Randall J. Ottinger
Expertise in wealth and philanthropy “is contained in silos that are rarely brought together in an integrated or holistic way for individuals or families,” writes Randall J. Ottinger, a consultant to companies and rich individuals.
With that in mind, the author attempts to integrate advice — gathered in interviews with a number of wealthy business and philanthropic leaders, including Bill Gates Sr., Sandy Weill, Anita Roddick, and Paul Brainerd — on managing financial success and personal fulfillment, discovering one’s philanthropic motivation and mission, and passing on money and values to descendants.
Mr. Ottinger says people with wealth build their legacies in three stages. First they become content with their level of financial success, so that their personal goals are no longer focused on making money. In the second stage, they determine what their passions are and how they will use their wealth and talents. Finally, they must consider how to smoothly transfer a business, money, or values to the next generation.
In 22 chapters, the book provides tips, tools, and case studies to guide readers. Two chapters concentrate specifically on how to use personal and professional skills and nonfinancial assets — such as extensive business networks and government connections — for charitable purposes. The final two chapters offer discussions of social entrepreneurship and the wealth-advisory industry.
Publisher: McGraw-Hill Companies, 1221 Avenue of the Americas, New York, N.Y. 10020; (212) 904-2000 or (212) 512-2000; http://www.mcgraw-hill.com; 329 pages; $27.95; ISBN 0-07-149676-9.
