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Goal-based Investing: Theory And Practice

By: Romain Deguest,Lionel Martellini,Vincent Milhau

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Goal-based Investing: Theory And Practice

By: Romain Deguest,Lionel Martellini,Vincent Milhau

Goal-based investing is a new paradigm that is expected to have a profound and long-lasting impact on the wealth management industry. This book presents the concept in detail and introduces a general operational framework that can be used by financial advisors to help individual investors optimally allocate their wealth by identifying performance-seeking assets and hedging assets. Grounded in the principles of asset pricing and portfolio optimisation, the goal-based investing approach leads to the design of investment solutions that truly respond to investors' problems, which can most often be summarized as follows: secure essential goals with the highest confidence level and maximize the chances to reach aspirational goals.A series of case studies guides the reader through the implementation of goal-based investing, illustrates the efficiency of this paradigm and explains how one can accommodate a variety of implementation features such as taxes, short-sales constraints, parameter estimation risk, as well as limited customisation.

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Page Count

324

Publisher

World Scientific

Published Date

ISBN 10

9811240965

ISBN 13

9789811240966

Goal-based Investing: Theory And Practice

By: Romain Deguest,Lionel Martellini,Vincent Milhau

Write a review Read reviews Take a Quiz Solve Book Puzzle

Goal-based Investing: Theory And Practice

By: Romain Deguest,Lionel Martellini,Vincent Milhau

Goal-based investing is a new paradigm that is expected to have a profound and long-lasting impact on the wealth management industry. This book presents the concept in detail and introduces a general operational framework that can be used by financial advisors to help individual investors optimally allocate their wealth by identifying performance-seeking assets and hedging assets. Grounded in the principles of asset pricing and portfolio optimisation, the goal-based investing approach leads to the design of investment solutions that truly respond to investors' problems, which can most often be summarized as follows: secure essential goals with the highest confidence level and maximize the chances to reach aspirational goals.A series of case studies guides the reader through the implementation of goal-based investing, illustrates the efficiency of this paradigm and explains how one can accommodate a variety of implementation features such as taxes, short-sales constraints, parameter estimation risk, as well as limited customisation.

Average ratings

N/A

5

0%

4

0%

3

0%

2

0%

1

0%

Solve jigsaw puzzle

Age

Page Count

324

Publisher

World Scientific

Published Date

ISBN 10

9811240965

ISBN 13

9789811240966