Vincent Milhau's Books

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

Advances in Retirement Investing

By: Lionel Martellini,Vincent Milhau

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Advances in Retirement Investing

By: Lionel Martellini,Vincent Milhau

To supplement replacement income provided by Social Security and employersponsored pension plans, individuals need to rely on their own saving and investment choices during accumulation. Once retired, they must also decide at which rate to spend their savings, with the usual dilemma between present and future consumption in mind. This Element explains how financial engineering and risk management techniques can help them in these complex decisions. First, it introduces 'retirement bonds', or retirement bond replicating portfolios, that provide stable and predictable replacement income during the decumulation period. Second, it describes investment strategies that combine the retirement bond with an efficient performanceseeking portfolio so as to reduce uncertainty over the future amount of income while offering upside potential. Finally, strategies using risk insurance techniques are proposed to secure minimum levels of replacement income while giving the possibility of reaching higher levels of income.

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Page Count

158

Publisher

Cambridge University Press

Published Date

ISBN 10

1108912141

ISBN 13

9781108912143

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

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

324

Publisher

World Scientific

Published Date

ISBN 10

9811240965

ISBN 13

9789811240966

Advances in Retirement Investing

By: Lionel Martellini,Vincent Milhau

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Advances in Retirement Investing

By: Lionel Martellini,Vincent Milhau

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

158

Publisher

Cambridge University Press

Published Date

ISBN 10

1108912141

ISBN 13

9781108912143

Book's by Vincent Milhau

Goal-based Investing: Theory And Practice

Goal-based Investing: Theory And Practice

Advances in Retirement Investing

Advances in Retirement Investing

Goal-based Investing: Theory And Practice

Goal-based Investing: Theory And Practice

Advances in Retirement Investing

Advances in Retirement Investing

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