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Capital Without Borders

Wealth Managers and the One Percent

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About this listen

How do the ultra-rich keep getting richer, despite taxes on income, capital gains, property, and inheritance?

Capital Without Borders tackles this tantalizing question through a groundbreaking multi-year investigation of the men and women who specialize in protecting the fortunes of the world's richest people. Brooke Harrington followed the money to the 18 most popular tax havens in the world, interviewing wealth managers to understand how they help their high-net-worth clients dodge taxes, creditors, and disgruntled heirs - all while staying just within the letter of the law.

She even trained to become a wealth manager herself in her quest to penetrate the fascinating, shadowy world of the guardians of the one percent.

©2016 The President and Fellows of Harvard College (P)2020 Tantor Investing & Trading Law Politics & Government Sociology Investing Money Capitalism Taxation
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I found this book really interesting, useful and englightening yet it really really negatively portraits the profession of wealth management. The book is not neutrally written, be prepared to learn about the profession as a dark shadow work.

really Interesting content yet too negative

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Never mind the detractors who say Harrington misrepresents this profession - it’s like saying people who study the arms trade don’t emphasise enough that guns are used for home security.

Harrington points out the various familial functions wealth managers perform, but the rising disparity between rich and poor and the impact on national governance is of utmost concern. Not all wealth managers are aiding and abetting financial leeching, but many financial leeches are aided and abetted by financial managers.

Fascinating, sober study - probably of equal value to those interested in joining the practice as those opposed to the corruptions of it.

A professional assessment

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Very insightful work based on a thorough research of offshore wealth management. It is very critical of the profession... so I'm yet to make my own judgement on that. But "very critical" is not the same as "wrong". Strongly recommended for the insights and the analysis.

Critical and insightful

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