Introducing a Comprehensive Allocation Framework for Goals-Based Wealth Management

Romain Deguest, Lionel Martellini, Vincent Milhau, Anil Suri, Hungjen Wang: This publication introduces a new conceptual framework to better achieve individual investors’ goals.

Author(s):

Romain Deguest

Senior Research Engineer at EDHEC-Risk Institute.

Lionel Martellini

Professor of Finance at EDHEC Business School and Scientific Director of EDHEC-Risk Institute.

Vincent Milhau

Deputy Scientific Director of EDHEC-Risk Institute.

Anil Suri

Managing Director and Head of Portfolio Construction & Investment Analytics at Merrill Lynch Wealth Management.

Hungjen Wang

Director in the Investment Analytics group at Merrill Lynch Wealth Management.

Any investment process should start with a thorough understanding of the investor problem. Individual investors do not need investment products with alleged superior performance; they need investment solutions that can help them meet their goals subject to prevailing dollar and risk budget constraints. In this new publication, EDHEC-Risk Institute develops a general operational framework that can be used by financial advisors to allow individual investors to optimally allocate to categories of risks they face across all life stages and wealth segments so as to achieve personally meaningful financial goals. This research was conducted with the support of Merrill Lynch Wealth Management as part of EDHEC-Risk Institute’s research chair on a “Risk Allocation Framework for Goal-Driven Investing Strategies.”

Pdf
Introducing a Comprehensive Allocation Framework for Goals-Based Wealth Manageme...
(-1.00 B)
Type: EDHEC Publication
Date: le 09/11/2015
Extra information :

For more information, please contact EDHEC Research and Development Department [ research@drd.edhec.edu ]

Research Cluster : Finance

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