The Tools & Techniques of Investment Planning, 5th Edition

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The Tools & Techniques of Investment Planning, 5th Edition is an easy-to-read desktop companion for financial planning practitioners. It demystifies the process of investing by providing practical insights into the strengths and weaknesses of different investment approaches and asset classes, and highlights strategies for managing portfolios in the contemporary investment climate.

The Tools & Techniques of Investment Planning, 5th Edition is an easy-to-read desktop companion for financial planning practitioners. It demystifies the process of investing by providing practical insights into the strengths and weaknesses of different investment approaches and asset classes, and highlights strategies for managing portfolios in the contemporary investment climate.

This book emphasizes not only perspective, but also how to apply investment theory to support unique client objectives, and to assign investments based on the financial risk reward continuum and any client's appetite for risk.

This must-have resource includes:

  • Detailed descriptions of complex investment products and strategies
  • Easy-to-read explanations of how various investment products work and when they should and should not be employed
  • Clear, thorough examples showing exactly how various investment products and strategies generate income and gains in volume, and how these gains can be incorporated into investment strategies to meet specific real-world goals
  • Comprehensive explanation of investment-related tax concepts, enabling investors and planners to devise tax-efficient strategies in conjunction with client's tax and legal professionals
  • Thoughtful, independent advice about the best products and strategies for specific situations

What's New in this Edition

  • The latest tax changes associated with SECURE Act 2.0, the SECURE Act and the Tax Cuts and Jobs Act, including the tax and beneficiary rule changes and how those changes apply to the investment activities of individuals, trusts, estates, and IRA beneficiaries.
  • Tax and planning updates under SECURE Act and SECURE Act 2.0, in particular changes on IRA beneficiary planning strategies that were removed.
  • New content around Portfolio Management Strategies, including Environmental, Social, and Governance Investing, as well as Market Cycles, Sector Rotation investing, and Core-Satellite approaches.
  • Tax rate, capital gain, and tax structure updates with 2024 numbers.
  • Updated and enhanced examples provide real-world investment scenarios that help readers to understand how investment performance is achieved and monitored.
Additional Information
SKU 2730005B
Publication Date April 22, 2024
ISBN 978-1-58852-858-2
Page Count 634
Author Stephan R. Leimberg, Michael P. Daly and Todd J. Mulligan
Edition 5th
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Stephan R. Leimberg

The late Stephan R. Leimberg was CEO of Leimberg and LeClair, Inc., an estate and financial planning software company, CEO of LISI, Leimberg Information Services, Inc., an email newsletter service, and President of Leimberg Associates, Inc., a publishing and software company. He was an Adjunct Professor in the Masters of Taxation Program of Villanova University School of Law and former adjunct at Temple University School of Law. He holds a B.A. from Temple University, and a J.D. from Temple University School of Law. Leimberg was the Editor of the American Society of Financial Service Professionals audio publication, Keeping Current.

Leimberg was the author or co-author of numerous books on estate, financial, and employee benefit and retirement planning and a nationally known speaker. Leimberg was the creator and principal author of the entire nine-book Tools & Techniques series, including The Tools & Techniques of Estate Planning, The Tools & Techniques of Financial Planning, The Tools & Techniques of Employee Benefit and Retirement Planning, The Tools & Techniques of Life Insurance Planning, The Tools & Techniques of Charitable Planning, The Tools & Techniques of Investment Planning, The Tools & Techniques of Risk Management, The Tools & Techniques of Practice Management, and The Tools & Techniques of Retirement Income Planning. Leimberg was co-author of Tax Planning with Life Insurance with noted attorney Howard Zaritsky, The Book of Trusts with attorneys Charles K. Plotnick and Daniel Evans, and How to Settle an Estate with Charles K. Plotnick. He was also a contributing author of the American Bar Association’s The Lawyer’s Guide to Retirement.

Leimberg was co-creator of many software packages for the financial services professional, including Estate and Financial Planning NumberCruncher (estate planning), DeCoupleCruncher (estate planning), Financial Analyzer II (financial calculations), Estate Planning Quickview (Estate Planning Flow Charts), Life Settlement NumberCruncher (life settlement buy-hold analysis), Planning Ahead for a Secure Retirement (PowerPoint Client Seminar) and Toward a Zero Estate Tax (PowerPoint Client Estate Planning Seminar).

A nationally known speaker, Professor Leimberg addressed the Miami Tax Institute, the NYU Tax Institute, the Federal Tax Bar, the Notre Dame Law School and Duke University Law School’s Estate Planning Conference, the National Association of Estate Planners and Councils, the AICPA’s National Estate Planning Forum, the ABA Section on Taxation, and The Annual Meeting of the American Society of Financial Service Professionals. Leimberg also spoke to the Federal Bureau of Investigation, and the National Aeronautics and Space Administration.

Leimberg was awarded the Excellence in Writing Award of the American Bar Association’s Probate and Property Section. He was honored as Estate Planner of the Year by the Montgomery County Estate Planning Council and as Distinguished Estate Planner by the Philadelphia Estate Planning Council. He was also a recipient of the President’s Cup of the Philadelphia Life Underwriters, a two-time Boris Todorovitch Lecturer, and the First Ben Feldman Lecturer.

Leimberg was named Edward N. Polisher Lecturer of the Dickinson School of Law and 2004 recipient of the National Association of Estate Planners and Councils Distinguished Accredited Estate Planner award.

Leimberg’s LISI email newsletter/data base at is used daily by thousands of estate, financial, employee benefit, charitable, and retirement planning practitioners.

Michael P. Daly

Michael P. Daly, CSOP, CFIRS, CCTP is the San Francisco based Director of Risk Management and Operations for Pohl Consulting and Training, Inc. He is a high-energy professional with over 30 years of experience in the securities industry. He has an MBA in international business from the Thunderbird School of Global Management. Mike’s work in senior management roles in fiduciary risk management, administration and operations has given him a broad industry perspective.

Today, Mike is focused on “paying it all forward”. Mike works with Cannon Financial Institute, the Leimberg Library and other professional organizations to mentor the next generation of securities industry professionals. For over a decade, Mike served as Chair of the ICB/ABA Certification of Securities Operations Professionals. He served on the Board of Directors of the Fiduciary Investment Risk Management Association (FIRMA) for 8 years, and has been a frequent contributor to the ABA’s Trust and Investment Magazine and the Journal of Financial Compliance.

Mike’s path to the securities industry was not traditional. Mike began his career in the motion picture and television industry working at Paramount Studios in Hollywood. As the entertainment industry pivoted to the securities market to raise capital for entertainment products. Mike pivoted too. He took a hiatus from the factory work of a motion picture studio and transitioned to the glamour and glitz of banking and finance.

Beginning with the development and implementation of a securities lending business at a multinational regional bank on the west coast, Mike was soon taking on new projects and exploring the continuing evolution of finance through securities and securitization. Before long Mike expanded his knowledge and experience in various areas of fiduciary services, from retirement plan services to corporate trust. Along the way he has seen and has survived major market expansions, significant market collapse, regulatory change and market recovery. He’s witnessed firsthand how markets impact not only investing, but the very nature of investments. Having watched an industry transform through technology and travesty, Mike recognizes and leverages the lessons of history in both his philosophy and his professional practice.

Mike is always curious, and his passions are diverse, from traveling the world to explore new cultures, traditions, and recipes, to finding dusty bookshelves in pursuit of new knowledge. His most rewarding pursuit has been sharing this knowledge and personal experience about this amazing and rewarding industry.

Todd J. Mulligan

Todd J. Mulligan, CFA, CFP®, CAIA is a Certified Financial PlannerTM Practitioner based in the greater Boston area. Day to day, Todd focuses on creating and implementing comprehensive financial plans and investment strategies for high net-worth individuals and families both in New England and throughout the United States.

Over the years, Todd has earned numerous awards and accolades for financial planning, investment management, and client service from various financial publications. He holds the CERTIFIED FINANCIAL PLANNERTM and Chartered Financial Analyst designations, as well as the Chartered Alternative Investment Analyst designation. These advanced certifications have given him knowledge about and insight into a wide variety of financial planning and investment topics.

Since 2016, Todd has been creating and teaching Investment Planning courses for Boston University and its financial planning program. His coursework, which is focused on investment and risk management, as well as portfolio construction strategies, covers the topics required to sit for the CFP® Exam. In addition to teaching, in the past Todd has served as a Content Editor and author for Wiley and Sons publishing company on various financial planning topics, largely focused on portfolio construction and investment management.

Todd has also served in several volunteer roles for the CFA institute and CFA Society of Boston, including roles on the Private Wealth Committee and the Mentor Committee. More recently, Todd was asked to serve as a volunteer content expert for the Global Private Wealth Management panel for the CFA Institute. In this capacity, he helped to shape the future of Wealth Planning topics that will be covered on future CFA exams.

Todd lives in the Boston suburbs with his wife Jess and children Zach and Emilia. Outside of working and writing, Todd enjoys rooting for New England sports teams, running, reading, and spending outdoor time with his family. Todd graduated from Colgate University in 2006, where he also played Division 1 college football.