Lionel Martellini, Professor of Finance, EDHEC Business School and Director, EDHEC-Risk Institute will be conducting a webinar entitled "Mass-Customization of Goal-Based Investment Solutions: The New Frontier in Digital Wealth Management Services", organised by the Retirement Income Industry Association (RIIA).
Existing financial products marketed as “retirement investment solutions” do not meet the needs of future retirees in securing their essential goals of minimum levels of replacement income (focus on safety) while generating a relatively high probability of achieving their aspirational goals, expressed in terms of target levels of replacement income (focus on performance). Meaningful solutions should combine safety and performance to meet this dual objective.
In this webinar, we analyze how the retirement investing problem can be formally framed within the context of goal-based investing principles. We also discuss the challenges posed by mass-customization constraints.