Goals-based wealth management an integrated and practical approach to changing the structure of wealth advisory practices
Take a more active role in strategic asset allocation Goals-Based Wealth Management is a manual for protecting and growing client wealth in a way that changes both the services and profitability of the firm. Written by a 35-year veteran of international wealth education and analysis, this informativ...
| Otros Autores: | |
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| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Hoboken, New Jersey :
John Wiley & Sons
2015.
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| Edición: | 1st edition |
| Colección: | Wiley finance series.
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| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009629969706719 |
Tabla de Contenidos:
- ""Title Page""; ""Copyright""; ""Table of Content""; ""Dedication""; ""Acknowledgments""; ""Preface""; ""Introduction""; ""Part One: The Integrated Wealth Management Challenge""; ""Chapter 1: Many Interrelated Disciplines""; ""Multiple Sources of Capital""; ""Expanding on the Corporate Analogy""; ""Multiple Interactions""; ""Educating Future Generations and Wealth Transfers""; ""The Make or Buy Decision""; ""The Creation of a Wisdom Council""; ""Summary and Conclusions""; ""Chapter 2: An Example of a Crucial Interaction: Tax-Efficiency""; ""The Tax Bite and Its Impact on Compound Returns""
- ""A New Analysis of Capital Losses""""An Expanded Definition of Active Management""; ""Applicability to Both Asset and Security Decisions""; ""Abandoning the Murky Middle: The Barbell Portfolio""; ""The Potential Role and Limits of Derivative Strategies""; ""Summary and Conclusions""; ""Chapter 3: The Need for a Financial Interpreter: (Given the Complexity of the Investment Process)""; ""What Makes Markets Work?""; ""Asset Classes, Sub-Asset Classes, and Strategies""; ""Developing Reasonable Expectations""; ""Performance Analysis and Reporting""; ""Summary and Conclusions""
- ""Part Two: Investment Policy Formulation: Goals-Based Allocation""""Chapter 4: A Brief Journey through Institutional Theory""; ""Five Important Features of the Typical Institutional Investment Organization""; ""A Quick Detour via Asset Liability Management""; ""Summary and Conclusions""; ""Chapter 5: Mapping Institutional and Individual Issues""; ""The First Crucial Difference""; ""A Second Important Difference""; ""A Different Way of Defining Risk""; ""The Law of Large Numbers""; ""Implications""; ""Summary and Conclusions""; ""Chapter 6: Goals-Based Strategic Asset Allocation""
- ""The Basic Principle""""Initial Theoretical Objections""; ""An Academic Imprimatur""; ""A Few Simple Principles""; ""It Changes Everything""; ""An Interesting Implication""; ""Summary and Conclusions""; ""Part Three: Goals-Based Wealth Management Implementation""; ""Chapter 7: Dealing with the Implications of the Process""; ""Covering a Set Number of Bases""; ""Mapping Asset Classes and Strategies to Goals""; ""Understanding Limitations""; ""Dealing with Client Objections""; ""A Three-Phase Process""; ""Summary and Conclusions""; ""Chapter 8: Creating Goals Modules""
- ""Developing General Capital Market Expectations""""Describing Sufficiently Generic and Specific Goals""; ""Creating Constraints Appropriate to Each Goal""; ""Optimizing the Composition of Each Module""; ""A Possible Example""; ""Summary and Conclusions""; ""Chapter 9: Working to Understand Client Goals and Goal Allocations""; ""Identifying Crucial Initial Client Constraints""; ""Determining Whether Any Constraint Is a Show-Stopper""; ""Time Horizon and Required Probability of Success""; ""Settling on the Appropriate Module""; ""Sizing Assets Needed to Meet Each Goal""; ""A Possible Example""
- ""Summary and Conclusions""
