Million Dollar Management: Simple Lessons to Use Wealth Management Principles for Your Family Investments

by Dan Danford, Gary L. Myers

Most investments are peddled by salespeople. Madison Avenue meets Wall Street to create and sell investment products and services. Families face a broad array of options, usually confusing, often disappointing.This is a liberating financial book. There is science to genuine investment management, but it's often reserved for wealthy families or large endowment funds. In Million Dollar Management, wealth management principles are explained in simple terms for use by family investors. In fact, the process is often easier and more rewarding than usual strategies and methods.Danford and Myers offer the basics in twelve brief lessons. Concepts are easy to grasp and the reading is lively, even fun. Readers learn how wealth management professionals manage money, but that's just part of the message. Though readily accomplished, they also learn some important reasons why typical family investors never reach this level of knowledge or skill. The book's not timid, either. It tackles some moral and ethical reasons for using great care in managing investments. It challenges families and nonprofit groups to bring true stewardship to the care of money. A special section contains a revealing interview with Danford about Christian issues in having and investing money.

96 pages, Paperback

First published March 7, 2002

About the author

Dan Danford is a gifted communicator. He has written hundreds of articles and several books. He has taught classes for high school, college, and community groups. He speaks often and served as commentator for a local ABC affiliate television station.

He founded Family Investment Center in 1998. In total, he’s been a successful senior officer in five different banking or investment firms since 1984. He earned a Master’s degree in Personal Finance from Kansas State University and an MBA from Northwest Missouri State University. Today, Family Investment Center manages well over $100 million for clients in a dozen states.

Danford is quoted extensively about investing. He’s written for or been quoted in the Wall Street Journal, New York Times, Chicago Tribune, Kiplinger’s, U.S. News & World Report and dozens of other newspapers, magazines, and media outlets.

He has served in numerous leadership positions for civic and professional boards including the Missouri Western State University Board of Governors and as treasurer of the St. Joseph Area Chamber of Commerce. He was Chairman of the Friends of the Free Clinic, a support group for the Social Welfare Board in St. Joseph.

He’s been president of the Missouri Western State University Alumni Association and was honored in 2003 with the Missouri Western State College Distinguished Alumni Service Award.