Theory and Practice
Document type :
Autre communication scientifique (congrès sans actes - poster - séminaire...)
DOI :
Title :
Goal-based Investing
Theory and Practice
Theory and Practice
Author(s) :
Deguest, Romain [Auteur]
Lille économie management - UMR 9221 [LEM]
Martellini, Lionel [Auteur]
EDHEC Business School [EDHEC]
Milhau, Vincent [Auteur]
EDHEC Business School [EDHEC]
Lille économie management - UMR 9221 [LEM]
Martellini, Lionel [Auteur]
EDHEC Business School [EDHEC]
Milhau, Vincent [Auteur]
EDHEC Business School [EDHEC]
Publisher :
World Scientific
Publication date :
2021-07-28
HAL domain(s) :
Sciences de l'Homme et Société/Economies et finances
English abstract : [en]
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 ...
Show more >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.Show less >
Show more >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.Show less >
Language :
Anglais
Audience :
Internationale
Popular science :
Non
Collections :
Source :