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We are just two months shy of the deadline for the SEC’s new rules on family offices, which could shake up the way the ultra wealthy manage their affairs and prompt some consolidation in the industry. Read more →
Starting a private business could put you on the path to untold riches. But it could also land you in a precarious financial position. Read more →
Think of the name Lauder and the first thing that probably comes to mind is cosmetics. But mention the family to a savvy tax and estates attorney, or a financial adviser who is adept at arranging tax-advantaged transactions, and you may be surprised to hear the words “prepaid variable forward contract.” Read more →
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The authors provide evidence that investors think about their portfolios in terms of different goals with varying time frames, ...
The decision of when to start drawing Social Security benefits is difficult but important for most individuals. Modeling ...
The authors examine how behavioral biases affect the mutual fund choices of individual investors. They analyze several behavioral ...
Business owners have a large share of their net worth invested in private equity. The author finds a positive ...
The author investigates whether guaranteed minimum withdrawal benefit (GMWB) riders provide the expected benefits to ...
To keep you up-to-date and help you better serve your clients, this annual event examines solutions for building effective ...
A Day in the Life of Private Equity presented by Susan Edmonds, CFA, GMB Mezzanine Capital, L.P.
Financial advisers may be overlooking one potential threat in the rush to develop new client relationships through social media: ...
The second of our Succession Planning series, this workshop will discuss the tax considerations in selling a business and ...
Families and owners of family businesses face new risks, including social media risk to family reputation, global dispersion, and ...
New research provides a framework for determining a safe withdrawal rate for a given retirement duration, acceptable failure ...
If properly structured, an irrevocable life insurance trust (ILIT) can offer more flexibility to the grantor than other types of ...
Empowering investors “means creating goals-based reporting tools that resonate both objectively and ...
Asset allocation is profoundly influenced by at least two underappreciated concepts. First, tax-deferred ...
The Asia Pacific Investment Conference will bring together noted researchers, speakers, writers, investment professionals, ...
To enable investors to spend down the assets in their defined contribution accounts more easily, the authors ...
Family offices have historically avoided having to register with the SEC. Now a new definition of "family office" under ...
Advising executives on how to manage their compensation is becoming increasingly important for wealth management firms. We ...
Advisors must address their clients’ their illiquid and concentrated assets to provide holistic service. In doing so, financial ...
Michael Lewis profiles Daniel Kahneman, the Nobel Prize-winning psychologist and author of Thinking, Fast and Slow, published in ...
Unit-linked life insurance is an effective wealth-planning tool, but managing the participants in the ...
When investors let emotions drive their decision to sell their equity positions during times of high volatility, they have fallen ...
While treasury inflation-protected securities, or TIPS, protect against CPI-based inflation, investors need to be aware of the ...
Many investors unintentionally imperil their investment portfolios by doing things such as ignoring their time horizons and ...
The risk, opportunities, and challenges facing the global investment profession are as complex as ever and investment ...
The relationship among an asset’s price, present earnings, and the anticipated growth of the earnings is well established. The ...
The authors offer advice to the head of the new Consumer Financial Protection Bureau. They review the principles that provide ...
The authors examine the portfolio choices of young agents with low wealth-to-income ratios. To derive a clear representation of ...
The author proposes that rather than focusing on withdrawal rates, retirement planning should focus on savings rates. He uses a ...
In an article adapted from his book "Thinking, Fast and Slow", Daniel Kahneman, a Nobel laureate and pioneer of ...
With two once-in-a-lifetime bear markets in the past decade, retirees are looking to adjust their equity risk exposure. This ...
Although FATCA has caused much consternation among global financial institutions, its impact is likely to be modest for ...
Non-U.S. insurance companies with U.S. connections may incur significant costs to comply with the Foreign Account Tax ...
Jean L.P. Brunel, CFA, explains goal-based allocation in addition to exploring a sequential approach to setting goals, the skills ...
Rockefeller Philanthropy Advisors has put together a short guide to help affluent individuals or families get their arms around ...
This article explains what issues a client would need to be aware of when contemplating giving up U.S. citizenship - exit tax, ...
Modern portfolio theory assumes one very long time horizon. This article discusses how to manage risk over shorter horizons that ...
Should psychological and family counseling be part of the advisory workflow?
Investment managers often fail to recognize the importance of tax management in the portfolio management process. By assessing ...
What can the private client advisory arena learn from the institutional business? David B. Smith, CFA, draws on a career ...
This survey identifies the traits that led to practice growth during and after the recent financial crisis. What the MarketPsych ...
Michael Pettis reviews the growth track record of China over the past decades and discusses how rebalancing from an investment ...
The authors suggest that segmenting socially responsible investing (SRI) with a values-versus-profit orientation helps explain ...
The authors find that using holdings data and security returns to estimate betas and alphas for mutual funds results in a better ...
The U.S. SEC redefined it's "suitability" and "know your customer" rules. This article outlines those changes ...
Wealthy families are increasingly interested in family constitutions and view them as important tools for family ...
The authors examine assets that investors can use to protect their traditional portfolios from inflation. They consider each ...
The authors advocate a portfolio management philosophy that evaluates managers’ success based on whether client goals of capital ...
The authors consider two puzzles: retirees’ wealth not declining significantly and retirees’ having little interest in annuities. ...
The authors use actual fixed indexed annuities (FIAs) to calculate the returns on these types of contracts and respond to ...
Paul D. Kaplan, CFA, shares his analysis of the Synthetic Risk and Reward Indicator (SRRI) that has been introduced by the ...
This webinar examines reasons why minimum-variance strategies may be very attractive for many investors, but not actually ...
Much of the wealth in Asia flows from family-owned or -controlled businesses. Dynasty planning to ensure that the legacy ...
The concept of fiduciary duty predates Roman times and lives on through case law. Today, it has become a centerpiece of proposed ...
In response to increasing interest in hedge funds and their fee structures, the author summarizes the establishment of two early ...
Portfolio managers and eurozone debt troubles: two experts share their views.
The challenges of advising elderly clients.
Exploring regulatory call risk in trust preferred securities.
The investment industry is not equipped to understand the impact of global political instability, says one expert on political ...
This white paper examines the impact of new SEC rules on family offices, in particular single-family offices. It focuses on the ...
In June 2011, the SEC issued this press release announcing it had approved a new rule to define "family offices" that ...
This article describes estate planning opportunities that result from the current status of the estate taxes in the United States ...
The 15th annual World Wealth Report from Merrill Lynch Global Wealth Management and Capgemini surveys the high-net-worth ...
Company executives can build tremendous wealth with stock options and other forms of non-cash compensation. The special character ...
This article discusses a type of structured product that provides a global floor value for investors, but only caps upside ...
This alert discusses the impact on investment managers of the Department of Labor’s (DOL) “interim final” regulation under ERISA ...
This article provides a primer of Fama-French's seminal work on the size and value effect in the context of a recent working ...
This interview with Harold Evensky discusses some of the major takeaways from his latest book, The New Wealth Management.
William C. Dudley, president and chief executive officer of the Federal Reserve Bank of New York, highlights how the recent ...
Many advisers are moving in the direction of client relationship management and are therefore managing clients’ financial hopes, ...
Inflationary pressures are already a problem in much of the world. An allocation to real assets, however, can ...
Liability-Driven Investing (LDI) is a popular strategy with pension funds looking to match a stream of payments to retirees, and ...
This report examines the wealth management landscape in India and provides recommendations for wealth managers on how to succeed ...
This article discusses a type of structured product known as a bonus certificate, which has a path-dependent payoff structure. It ...
Relying on the conventional wisdom that stocks are not risky in the long run can be dangerous to the terminal wealth goals of ...
Retirement planning often relies on deterministic assumptions that cannot account for the complex objectives and risks unique to ...
The author presents a critical interpretation of a recent paper about equity-indexed annuity returns.
Martijn Cremers discusses the results of research that demonstrates that closet indexing among mutual funds is positively related ...
Joachim Klement, CFA, discusses what neuroscience research reveals about how our memories work and analyzes how our flawed ...
As a result of lessons learned from the financial crisis, clients are now much more involved in managing their investment ...
After the 2008–09 extreme market volatility, investor interest in tactical asset allocation has been renewed. By deviating from ...
The author develops a model for withdrawing funds from a taxable account during retirement. The model generates, for a taxable ...
The authors attempt to determine how much money a retiree can spend in retirement annually before running out of money. They use ...
Advancing technology is rapidly coming on-stream to weave together client and third-party provider relationships. Outsourcing is ...
Various researchers have investigated the importance of asset allocation versus security selection. Although we think this ...
“Part of the wealth manager’s responsibility is to educate and inform clients about the fundamental precepts ...
With women’s share of investable assets growing, should advisers take gender differences into account?
Target date retirement funds use conventional life-cycle investing, whereby asset allocation shifts from equities to bonds and ...
This short article dispels some commonly held myths around risk tolerance.
Identifying an appropriate benchmark for target date retirement funds has traditionally been a challenge. This webinar reviews ...
One metric for deciding whether and at what price to sell a private business is whether the proceeds will be sufficient to ...
Originally written in 1997, this comprehensive update to Harold Evensky’s classic book, Wealth Management, outlines state-of-the ...
Looking through the prism of historical returns, Dick Marston of The Wharton School walks readers through the use of traditional ...
Based on an analysis of the population nearing retirement age using data from the Survey of Consumer Finances, this webinar ...
Jeffrey E. Horvitz offers a comparison of tax-deferred accounts, and why the AMT makes municipal bonds unattractive for ...
The family dynamics associated with intergenerational wealth management can sometimes destroy a family's wealth. Lisa Gray ...
The allure of investing in art is compelling to many high-net-worth investors, but is unfamiliar territory to many financial ...
This paper helps financial advisers understand the key issues inhibiting investors from making good decisions — investor ...
This book provides information for lawyers, accountants, and other practitioners working on estate planning with international ...
This paper examines fixed indexed annuity (FIA) returns based on actual contracts that were sold and actual interest that was ...
Nick Pollard, CEO of RBS Coutts Asia, explains how to effectively service and segment clients in Asia in order to deliver on ...
Data integration remains a problem for investment advisers, but the situation is changing for the better.
Clients’ true financial goals—generating cash flow for spending and preserving principal—often become obscured in ...
Successful portfolio management is often determined and presented according to detailed and sophisticated performance measurement ...
Time-sensitive risk aversion is the key to overcoming the distortions caused by the simplistic approach to discounting ...
Trusts are effective tools for achieving an array of family goals. Greater tax transparency encourages the use of trusts to ...
Recommendations from the media and financial planners regarding retirement spending rates deviate considerably from utility ...
Thomas R. Robinson, CFA and Stephen M. Horan, CFA (CFA Institute, 2008)
Roger G. Ibbotson, Moshe A. Milevsky, Peng Chen, CFA, and Kevin X. Zhu (The Research Foundation of CFA Institute, 2007)
This webinar drills down into new metrics on the indirect costs related to investing in ETFs. This new metric takes into account ...
This webinar explains the structure of life settlements, their advantages and disadvantages, the elements of well-designed life ...
Family governance affects almost every aspect of the family wealth portfolio. All families have a governance system whether by ...
Household portfolios vary substantially with respect to wealth accumulation and risk levels. The authors examine the ...
This book expands the discussion of how to structure the investigation of risks that do not easily fall into measurable buckets. ...
Amenc and Martellini, leading researchers from EDHEC-Risk Institute, explain how risk management is an important source of added ...
Mark Kritzman, CFA, of MIT reviews various studies and criticisms of portfolio optimization in the past 60 years, concluding that ...
One of the first steps in the wealth management process is establishing a rapport with the client and educating him or her about ...
One of the first steps in the wealth management process is analyzing your client’s financial profile. This introductory learning ...
Disciplined wealth management is necessarily grounded in a structured process. This introductory learning module describes the ...
As our performance metrics become more complex and we dive down deeper and deeper into the accuracy of returns, the availability ...
This paper values the option of taxpayer payers to reverse the decision to convert a traditional IRA to a Roth IRA using a ...
This article describes a study that compares mutual fund performance among funds whose managers own the funds they manage with ...
M&A activity is on the rise for advisory firms, but buyers want downside protection.
This white paper describes survey based research that explains why clients leave their financial advisers, manage their own ...
This is an archived recording of a live event that took place on 16 December 2010. Panelists discuss which analytical approach ...
The Take 15 Series is a series of short interviews with leading practitioners on timely topics focused on the investment ...
Performance attribution identifies and separates the sources of performance, including strategic asset allocation, tactical asset ...
Many advisers are moving in the direction of client relationship management, and are therefore managing clients’ financial ...
Tax management strategies get turned on their heads when investors face rising tax rates. Here are some strategies to consider if ...
Social media can raise compliance risks.
Today’s investors must demand higher standards from their financial advisers.
The author examines the historical returns of four designs of equity-indexed annuities and 13 specific contracts for the period ...
The authors find that stock-, bond-, and fund-related factors are drivers of convertible bond fund (CBF) performance. And ...
The authors propose a new portfolio optimization method that incorporates the intuitively based risk and return parameters ...
This article summarizes the views of Martin Dobson of Avenue Capital Management on the process for financial advisers in ...
Although highly evolved, human cognitive ability is not necessarily well adapted to the challenges of modern life. Memories tend ...
Martin Dobson of Avenue Capital Management explains the processes involved for acquiring clients, setting up accounts, and ...
A comprehensive collection of materials on behavioral finance and its psychological foundations, including applications such as ...
For the client, it is often practically impossible to get a clear picture of the costs associated with “insurance wrapper” ...
Roger King discusses the importance of family governance to preserving family relationships in Asia, global best practices in ...
This paper proposes that asset managers should focus on investment solutions and should rely on the use of improved ...
The growth of high net worth investors has outpaced the number of qualified professionals needed to serve them, particularly in ...
Philip Marcovici discusses bank secrecy and tax information exchange agreements and the impact on the needs of global wealth ...
Even though interacting with current and prospective clients using social media involves many different practical and regulator ...
This practitioner-oriented book takes the subject of behavioral finance from the quaint and theoretical to the powerful and ...
How can advisers help clients who struggle with financial windfalls?
This paper characterizes in closed-form the optimal time- and state-dependent allocation strategy for a long-term investor ...
This article summarizes the developments leading up to the UBS agreement to disclose the names of 4,450 U.S. account holders to ...
PVFs have been the subject of a series of IRS challenges in the United States, including the most recent Anschutz decision. ...
Buy-sell agreements designed for private business owners to create a market and set a price for their ownership interests in the ...
This overview of life insurance outlines the basic uses and features of life insurance as a means of providing a framework for ...
This webinar reviews the majors risks facing retirees and presents the results of a Society of Actuaries study that reviews how ...
Private wealth management is the investment management specialization focused on high-net-worth individuals ...
This article shows that extended mandates are especially effective for investors subject to taxes. Not only is the portfolio ...
Can better guidelines, practices, and products prevent liquidity meltdowns?
This white paper, geared towards U.S. and U.K. private clients, analyzes and outlines strategies for global families that plan to ...
CFA Institute hosted a roundtable discussion on 10 June 2010 featuring a panel of experts in municipal finance. The panel ...
In this webcast, Anthony Baruffi, CFA, examines how the financial crisis has changed the municipal market. He addresses how ...
This article introduces how family offices can help families adopt best governance practices for jointly owning or managing ...
The author addresses dividends and how excess returns can be achieved through a simple and time-tested investment formula. He ...
In this webcast, Beverly D. Flaxington discusses the best way to tell your story for the highest impact with prospects and ...
In this webcast, Richard L. Peterson discusses the following: Understand how investor emotions underlie mental biases, ...
In this episode, Laird Pendleton discusses recent trends and changes in multi- and single-family offices, regional differences ...
The author found that there is a significant effect of housing wealth on consumption attributable to a reduction in precautionary ...
In this audio webcast, Keith E. Niedermeier discusses how financial advisers can establish their brand to develop a ...
Retirement planning requires a careful analysis of the wealth accumulation phase as well as the decumulation phase. Generally, ...
Did the financial crash alter investors’ risk tolerance?
Is art a good way to diversify a client’s portfolio?
Elements of Investment Policy Statements for Individual Investors suggests comprehensive issues that ...
Elements of Investment Policy Statements for Institutional Investors suggests comprehensive issues ...
The authors test a simple method for estimating the proportion of skilled and unskilled funds in the mutual fund population and ...
The authors find that mutual funds with lower levels of director ownership significantly underperform funds with higher levels ...
Harry Markowitz’s work in 1952, which introduced the notion that investors should consider both risk and return in their asset ...
Reviews the ownership role in a family owned business in Asia and planning issues with respect to succession, voting control, and ...
The authors dismiss such standbys of conventional wisdom as targeting 75–85 percent of pre-retirement income as retirement ...
In this entry from the FPA Practice Management Center Blog, Claudio Pannunzio offers four tips for wealth managers on how to ...
Mutual fund incentive fees in the Italian mutual fund industry appear to result from efficient and rational contacting in an ...
In this interview, Neil Record discusses currency as an asset class, especially from the viewpoint of investors in Asia. Topics ...
In this article, the author discusses the relative value of TIPs including the calculation of the "Breakeven Inflation ...
In this webcast, Thomas J. Handler discusses the following: What makes family offices different from other service providers ...
In this podcast, Jeff Groves discusses the following: Managing the rising costs of compliance for small firms ...
In this webcast, Andrew S. Auchincloss discusses the following: Implementing wealth transfer strategies for global ...
In this episode, Harold Evensky discusses the following: How behavioral biases affect individual decision making ...
In this webcast, Mark Armbruster, CFA, discusses the shortcomings of “traditional” alternative investment approaches and an ...
In this webcast, Meir Statman discusses the following: Are investors’ fundamental goals really different around the globe? ...
In this podcast, Harold R. Evensky discusses the following: The changing environment The future ain’t what it used to ...
In this episode, Stuart Lucas, CFA, discusses the following: Challenges of family inter-generational dynasty planning and ...
Given the multiple market disruptions of the past decade, including the technology bubble breaking, energy price volatility, and ...
Advising clients on in-plan retirement income options poses new challenges
This article discusses the impact of whether a family business' second generation sees themselves as "stewards" or ...
In this episode, Gordon B. Fowler, Jr. discusses the following: How should a wealth manager approach asset allocation? ...
Because the annual inflation rate is currently at −2.1 percent, inflation appears to be the least of our concerns. The author ...
In Asia, individuals with investable assets in excess of $1 million were particularly hard hit as a result of the market turmoil ...
Although low interest rates make it difficult to generate much interest income, the rates do offer individuals with significant ...
Most asset allocation studies are framed in a tax-free context. The authors examine the return–risk ratio as defined by the ...
The savings, home values, and portfolios of U.S. families have been hard hit in the recent financial crisis, which has raised ...
Many investors are turning to life-cycle investing for long-term wealth accumulation and retirement planning. Life-cycle funds ...
The financial crisis, in general, and the collapse of Lehman Brothers, in particular, has led to a reevaluation of risk by the ...
The authors review the tax-aware investment practices among investment professionals and conclude that although investment ...
The author encourages those who are investing for retirement to plan for investing in a financial system that has become ...
The author highlights the advent of exchange-traded funds and mutual funds that track the performance of alternative ...
The authors propose the adoption of asset/liability management (ALM) as a rational framework for asset allocation for private ...
The authors find that mutual funds with poor performance before fees are deducted tend to charge high fees, contrary to economic ...
Marketing is often a low priority for financial advisors during difficult business climates. Knowing how to ...
The combination of depressed asset values and recovering markets, together with interest rates that are still ...
The normal distribution poorly describes events in the tails of observed return distributions. The truncated ...
Measuring portfolio returns on an after-tax basis is one element in evaluating after-tax investment ...
Wealth managers need techniques to create customized portfolio solutions that meet their clients’ unique ...
In addition to incorporating economic and financial analyses in their global investment decisions, wealth managers can improve ...
Poor family governance can erode family relationships and family business value. Knowing the critical issues ...
The Australian government's inquiry into the AUD$1.1 trillion superannuation system (the "Cooper ...
How do Chinese families in Asia tackle succession planning and family governance and how might the approach differ from an ...
In this episode, Jamie Perrett discusses the following: What is a tax-adjusted index? How the Australian ...
In this podcast, Scott D. Welch discusses the following: How has the financial crisis changed wealth management? ...
The owners of small and medium size enterprises (SME) in Canada will be facing the succession issue sooner rather than later. The ...
In this webcast, Stephen M. Horan, CFA, discusses the following: What can the wealth manager learn from the pension fund ...
Is automated rebalancing worth the time, trouble, and expense?
Offshore investors should beware uncharted hazards.
Developing a strong rapport with clients requires effective communication skills. This learning module provides tools and ...
This legal system matrix outlines legal, forced heirship, marital property, and other noteworthy characteristics of each ...
This tax system matrix outlines income tax, gift tax, estate tax, lifetime exemptions, exit tax, and charitable exemptions, and ...
This paper explains a novel method for the construction of equity indices that offer an efficient risk/return tradeoff. The index ...
The Tax Equity and Fiscal Responsibility Act was revised in 1984 to close perceived loopholes. In this commemorative report, tax ...
Ch. 4 and Ch. 6, Investment Management for Taxable Private Investors, Jarrod Wilcox, CFA, Jeffrey E. Horvitz, and Dan ...
Ch. 2, Managing Investment Portfolios: A Dynamic Process, 3rd edition, James W. Bronson, CFA, Matthew H. Scanlan, CFA, and Jan ...
The overriding risk faced by most retirees is that of outliving their accumulated resources and, in particular, the income ...
Limited information is available regarding the effect of home ownership on optimal asset allocation for individual investors. ...
The introduction of the mean–variance portfolio optimization model by Markowitz revolutionized the way investment professionals ...
The authors determine conditions under which young investors should invest a large portion of their wealth in risky assets. ...
The median is often a better measure than the mean in evaluating a portfolio’s long-term value. The standard plug-in estimate of ...
The author presents the views of a professor of finance and economics who says that asset allocations in target date funds ...
Many investment professionals have considered enlisting in the ranks of private wealth management. But passing muster may be ...
A new science of private client psychology would examine how trust and faith are at the core of the private client–adviser ...
Investors should approach offshore investments and service providers with caution.
Harvesting tax losses throughout the tax year is more effective that waiting until year-end and can add 80 basis point per year ...
Stocks have not outperformed bonds by a large margin over the past 40 years. This relative performance is due ...
The past 18 months have challenged traditional thinking about investing and asset allocation, diversification, ...
How to incorporate the tax impact of unrealized capital gains into tax-adjusted portfolio performance is a ...
Once the worst of the current turmoil is over, the old normal will not be the new normal. According to a ...
In this podcast, Victoria Dalmas discusses the following: Preparing for global trends in tax enforcement and the impact of ...
Building on the themes from the 2006 conference, this proceedings of the 2008 conference explores what the modern science of ...
As illustrated by the life-cycle savings model, the arithmetic of lower U.S. Social Security benefits and longer life expectancy ...
Familiar issues trouble individuals nearing retirement and the pension systems intended to support them. But such less discussed ...
European pension systems are in crisis. Governments and employers are withdrawing as plan sponsors, making institutional ...
In a rare event, three Nobel prize winners in economics discuss retirement: theirs, that of the current generation approaching ...
The global pension crisis has arisen because both public and private pension plans have failed to adapt to long-term demographic ...
The need for long-term-care insurance is great, but the private market is small and is plagued by both demand-side and ...
Some researchers say Americans are not saving enough for retirement, and some say not to worry; retirement savings are just ...
Phased retirement offers many older workers a positive work/life balance that allows them to lead less ...
Defined-contribution plans put the investment burden on individuals. Given individuals’ lack of expertise, many experts propose ...
The past 18 months have challenged traditional thinking about investing and asset allocation, ...
Retrocessions are kickbacks and other payments made to asset managers by financial institutions in ...
A bond with an estate put (or survivor’s option) can be redeemed at face value by the holder’s heirs if the ...
New initiatives help members communicate with clients, develop new business, and increase the profile of the ...
Exchange funds are an alternative to derivative-based solutions for managing concentrated stock positions. ...
The authors study the relationship between investment decisions and the dimensions of emotional intelligence, ...
This was published as an Item of Interest.
The authors propose a new insurance product to protect individuals from depleting their retirement funds as a result of either ...
After so many high-profile scandals, how can managers maintain clients’ trust?
Connecting with the next generation can benefit clients and advisers.
In this webcast, Frank Murtha discusses the following: The hidden drivers of investment decisions. How fear and greed ...
In this webcast, Meir Statman discusses the following: Why do clients think that diversification has failed and that market ...
This session outlines some of the unique features of private clients that deserve special attention from wealth managers. It ...
Adapting academic theories to the more challenging tasks of managing private money, Jarrod Wilcox, CFA, will provide a practical ...
As individuals enter retirement and work with their wealth managers and investment counselors to plan the “next” phase, it is ...
What’s driving the apparent growth of multifamily offices?
Using a design involving a between-subjects experimental manipulation, this study surveyed 742 Finnish financial advisers about ...
Recent research has shown the importance of focusing on after-tax asset valuation when allocating assets for ...
The authors examine recent research that suggests the retirement-age population in the United States is more prepared ...
The authors introduce a model for valuing qualified and nonqualified annuities on an after-tax basis. The purpose of ...
It is difficult to imagine a more challenging investment environment for wealth managers. Nonetheless, ...
This article discusses the importance of taking a "family business perspective" when planning and structuring a trust ...
In this podcast, Maria Elena Lagomasino discusses the following: When the dust settles, what might the financial advisory ...
This white paper discusses the results of a survey of 4,434 advisers regarding their business practices. It reveals their ...
In this webcast, Daniel S. Meader, CFA, discusses the following: How has the credit crisis impacted the private equity ...
In this webcast, Thomas J. Pauloski discusses the following: Why recent market conditions may, or may not, affect the ...
Can inverse ETFs and options help with asymmetric return profiles?
Target-date funds (TDFs) are one of three newly authorized investment options for pension fund investment. The TDF ...
In this study, the authors examine mutual fund flows to consider whether retail investors hurt their own returns by ...
Individuals dependent on income from their retirement portfolio are concerned that they may exhaust the portfolio ...
The author examines the optimal portfolio allocation of stocks, bonds, and cash within a complete portfolio containing ...
Of the various decisions facing retirees managing their retirement portfolio, two critical decisions are what rate to ...
In this research, the authors address the issue of asset/liability management for individual investors. They test three ...
The authors use survey data about household income and wealth composition to test whether the effects of liquid wealth ...
The authors compare target date funds and their changing asset allocations or glide paths with investments that have ...
The United States has a large and growing current account deficit. Some commentators attribute it to the decline in ...
The “balance sheet” approach of Discretionary Wealth allows individual investors to simultaneously incorporate ...
The complexity of planning and managing investments for private clients has led to increasing use of numerical ...
Often the terms “private asset management” and “private wealth management” are used interchangeably. ...
Investors with modest wealth are exposed to greater longevity risk than those with sufficient wealth to endow ...
Most leveraged and inverse ETFs are constructed so that they are mathematically preordained to underperform the multiple of the ...
Based on a survey of Vanguard IRA and 401(k) investors, the authors show that investors who score highly on tests of emotional ...
Organized around 23 informative pieces drawn from the Research Foundation of CFA Institute, the Financial Analysts Journal, and ...
Are blogs "a natural fit for the wealth management industry"?
In this podcast, Philip Marcovici discusses the following: What is the future of bank secrecy in international private ...
Market crises can be overwhelming for both clients and advisers. This method of dealing with even the most ...
Owners of asset management firms have faced limited options for raising capital. A new model based on revenue ...
In this webcast, Jean L.P. Brunel, CFA, discusses the following: Using (inadequate) current tools for optimizing private ...
In this webcast, Danielle K. Park, CFA, discusses the following: Best practices for creating investment policy that real ...
In this webcast, Harold S. Bradley discusses the following: Should private equity be considered a distinct asset class? ...
Think you're ready to join the growing number of advisers starting their own firms? Make sure you consider ...
As reported in previous studies, few consumers annuitize their retirement savings despite the welfare gains predicted ...
The authors propose an after-tax value (ATV) method of performance measurement for taxable portfolios. This approach is ...
A common belief among financial practitioners is that a 4 percent constant withdrawal rate is the highest safe rate for ...
In this webcast from the 2008 Future of Life-Cycle Saving and Investing conference, Teresa Ghilarducci, Alicia H. Munnell, and ...
In this webcast from the 2008 Future of Life-Cycle Saving and Investing conference, Robert N. Butler, Amy Finkelstein, and ...
In this webcast from the 2008 Future of Life-Cycle Saving and Investing conference, Richard Zeckhauser, David Laibson, and ...
As financial markets continue their volatile path, financial advisors face unique challenges in how they communicate with their ...
This accessible text synthesizes much of the research related to tax-efficient portfolio management and identifies many useful ...
U.S. investors commonly believe capital gains tax rates will increase and that they should recognize gains to ...
Increasingly, investors in different countries can choose between retirement savings vehicles. The investor’s ...
Hedge funds are an attractive investment vehicle for many private clients. This article discusses some ...
The individual consulting model is a direct descendant of the institutional model. That said, success in the ...
Are customized products right for your clients?
Trust and low financial literacy, often overlooked, can deliver a one-two punch to retirement savings.
Behavioral finance has made important contributions to the field of investing by focusing on the cognitive and ...
The effective distribution of retirement wealth is a rapidly approaching challenge. Baby Boomers are likely to have ...
For investors, selecting the appropriate asset classes to be included in a portfolio is arguably the most important ...
Employees typically hold more employer stock in their 401(k) retirement plans than portfolio theory suggests rational ...
Opportunistic rebalancing offers significant risk and return benefits compared with standard quarterly or annual ...
In this article, the authors examine the decision to liquidate a savings account to pay off an existing debt. The ...
Reconciling different points of view is key for client relationships.
Defined-contribution plans can enable individuals to accumulate tax-deferred savings that far exceed their expectations. On ...
Singapore is continuing its strategic approach to establishing itself as a wealth management center and ...
The ultra affluent expect a great many things of a wealth manager. Success in wealth management requires a ...
Many financial advisors are faced with practice transition decisions, but few have succession plans in place. ...
The prepaid variable forward (PVF) is commonly used by taxable investors to hedge, monetize, and defer the ...
Social Security recipients are permitted to repay all benefits received in the past on their earnings records ...
In this podcast, Niall J. Gannon discusses the following: Does the notion that “stocks outperform bonds over the long ...
In this podcast, Jason Zweig, Meir Statman, and Arnold S. Wood discuss the following: Preventing judgmental errors or ...
In this podcast, Thomas J. Boczar, CFA, discusses the following: Investment tools that can be used to achieve economically ...
In this webcast, Brad M. Barber discusses the following: Trading patterns of individuals and evidence of how active ...
Customize performance reports to get a passing grade from clients.
Investors have many types of investment accounts to choose from based on tax treatment, such as taxable and tax ...
For individuals drawing on retirement funds, the current consensus recommends a 4 percent withdrawal rate because this ...
On a before-tax basis, replication of an underlying with a derivatives strategy is easy to do and a common, ...
As Baby Boomers enter retirement, they will look to the investment industry for ways to generate income from ...
This well-organized, clearly written how-to book deserves a read because of its unconventional insights into long-run ...
This study investigated the asset allocation behavior of individuals who select an out-of-the-money long-dated longevity-put ...
In this webcast, Mark Armbruster, CFA, discusses the following: Characteristcs of ETFs and their popularity among ...
In this webcast, Meir Statman discusses the following: Do aversion to risk, aversion to regret, attraction to ...
In this webcast, Brad Berggren discusses the following: Investment and tax effects of various popular hedging strategies ...
In this webcast, Harold Evensky discusses the following: The future isn't what it used to be—the changing environment ...
This content was developed from the 20th SAAJ-CFA Institute/CFAJ Joint Seminar, March 2008 by CFA Institute with permission of ...
Is raising account minimums the right thing to do?
Can new behavioral research into annuities improve retirement planning?
The ultra affluent expect a great many things of a wealth manager, although their priorities might not be exactly what ...
Once we recognize that individuals’ wealth consists of both human and financial capital, we are able to ...
Draft U.K. legislation proposed dramatic changes to the attractive tax rules offered in the United Kingdom to ...
A crucial first step for translating the goals of a wealthy family into an investment program involves ...
With US$12 trillion in assets and almost 300 million shareowner accounts, mutual funds in the United States ...
The concept of “homo economicus,” or the rational economic man, has served as a cornerstone of modern finance ...
Consumers face very different challenges today in planning for lifetime financial security from what they did ...
How much should a family save for retirement and their kids’ college education? How much insurance should they buy? How should ...
Life-cycle theory, as presented in the authors’ paper, offers six important concepts, three of which—contingent claims, prices ...
The goal of the paper being discussed is to make life-cycle theory more accessible to a general audience. The paper reflects on ...
Default options are choices made by retirement plans for individuals who do not make choices themselves. Research indicates that ...
Research indicates that decision makers behave more rationally as the stakes increase. Because of the safety net provided by ...
Economics teaches that households save, insure, and diversify in order to mitigate fluctuations in their living standards over ...
Kotlikoff challenges standard approaches to financial planning software, particularly the requirement that investors choose a ...
Kotlikoff does a good job of applying the concept of dynamic programming to retirement planning. But his program and the ...
Income annuities should not be overlooked when choosing a mix of products for retirement income. Annuities can provide fixed or ...
Life care annuities address inefficiencies in the market by combining a life annuity and long-term care insurance, thus blending ...
Munnell’s paper investigates the government’s role in pensions, taking a broad life-course perspective. It does a particularly ...
The U.S. workforce is mobile and always has been, which is one of the reasons that few workers accrue adequate savings. ...
Almost all individuals today need education in economics, but high schools treat such education as an afterthought. Furthermore, ...
Investors need to be taught the basic concepts of personal finance according to economic principles. Unfortunately, educators ...
With defined-benefit plans in decline and Social Security under stress, individuals are becoming increasingly responsible for ...
The author leaves this conference with the following concerns: (1) Lifetime consumption smoothing is unrealistic, but combined ...
Personal finance is an inexact science. For example, life-cycle retirement mutual funds are based on the unproven belief that ...
The next generation of retirement products will provide the user-friendliness and simplicity of defined-benefit plans, but they ...
Overview.
In this session, Blitzstein summarizes and reflects the discussions of previous presenters, Salisbury discusses the importance ...
Although the theory behind the paper of Bodie, Treussard, and Willen may be sound, its principles are not appearing in current ...
As the payout period becomes increasingly important in retirement planning, individuals and organizations must consider the ...
The Research Foundation of CFA Institute teamed with Boston University and the Federal Reserve Bank of Boston to present a ...
The notion of after-tax asset allocation is gaining acceptance among private wealth managers. The author presents ...
Wide agreement exists among researchers that, when calculating an individual’s asset allocation, we should distinguish ...
The authors propose a life-cycle portfolio model that specifies aggregate labor income to be cointegrated with the ...
Consumers are expected to make critical decisions related to saving and investing for which they have little expertise, ...
As of 2005, U.S. individuals had an estimated $7.4 trillion invested in IRAs and employer-sponsored retirement accounts. Many ...
Many clients are taking recent volatility in stride.
Can behavioral finance solve problems with retirement planning?
Learn the nuances of international private banking/wealth management from experts in the field through a new partnership between ...
Traditionally, whether acknowledged or not, a focus of international wealth management has been to use ...
Mutual fund investors often confine their mutual fund holdings to a single fund family. Analysis of return correlations within ...
Women are generally considered more risk averse than men. Controlling for age, income, and education, this study examined the ...
As Baby Boomers enter retirement, they will look to the investment industry for ways to generate income from accumulated ...
The Research Foundation of CFA Institute teamed with Boston University and the Federal Reserve Bank of Boston ...
This study examines firm performance surrounding insiders’ prepaid variable forward (PVF) transactions to infer insiders’ ...
Measuring client satisfaction can pay dividends.
Investors hoping to avoid the adverse consequences of inflation on their portfolios without incurring credit risk have two ...
The authors find that both portfolio and retirement-timing choices combine to produce investor behavior that contradicts common ...
Individuals now have more direct responsibility for their financial well-being during their entire working history and subsequent ...
This practitioner-oriented book uses some of the latest advances in the neurology of economic decision making to help investors ...
Most defined-contribution (DC) pension plans give members a degree of choice as to the investment strategy for their ...
Establishing a sensible savings plan that is likely to meet a client's long term retirement goals requires more than rules of ...
Target-date funds (TDFs) for retirement, also known as life-cycle funds, are being offered as a simple solution to the investment ...
The author tests the extent to which mental accounting—the framing of gains and losses—affects the trading decisions of ...
Human capital is typically the largest resource available to investors to meet their investment goals. This video presentation ...
In determining asset allocation, individuals must consider more than the risk–return trade-off of financial assets. They must ...
This delightful, well-structured, and well-researched book provides advisers a valuable manual for counseling ...
Individual investors, in general, trade more than is good for them. Behavioral finance offers several ...
The investment policy statement is critical for successful investing in the private client world. That said, ...
Because people are more path dependent than terminal utility dependent, traditional portfolio optimization and investment ...
How should private wealth managers deal with unsolicited advice?
Fully updated, this new edition of a classic examines everything from asset allocation strategies to risk management frameworks. ...
This podcast discusses the advantages and disadvantages of financial calculators designed to estimate how much an investor needs ...
In this paper, the author outlines household finance, including the challenges of measurement and modeling, household ...
The largest percentage of an entrepreneur’s wealth is often concentrated in his or her business. Help clients identify ...
Charitable giving is of increasing interest to your clients both during their lifetime and beyond, after and many clients are ...
This article addresses the following key points: • Brokerage firms now provide many services previously offered by investment ...
Although a core/satellite structure makes a great deal of sense on a pretax basis, it makes even more sense ...
Equity positions can be bought and sold in five different ways, and each has a different tax result based on ...
The asset allocation process for private clients is affected by a unique set of parameters that includes taxes, illiquid assets, ...
Optimal withdrawal strategies are developed for retirees with multiple types of tax-advantaged savings accounts. In an ...
A clear and intuitive explanation for individual investors of the benefits of constructing an appropriate asset allocation and ...
Exchange traded funds (ETFs), unlike their mutual fund cousins, generally trade at fair value relative to their underlying stock ...
The authors explain the irrational decisions of retirement plan participants by using behavioral finance theory. Based on their ...
Without an understanding of the dynamics operating within a client family, private wealth managers are ill equipped to advise ...
The authors propose and provide a practical example of a holistic approach to optimizing around client goals and asset locations. ...
Because of arbitrage around the time of index changes, investors in funds linked to the S&P 500 Index and the Russell 2000 ...
This article addresses the following key points: • A segment of private clients believe that advisers affiliated with financial ...
The asset allocation model explained in this article addresses the often conflicting demands of a recent retiree on a portfolio ...
The author presents an approach to three decisions intrinsic to a core-and-satellite investment strategy—choosing the core equity ...
Although maximization of investors’ risk-adjusted return is a normative objective for fund managers, the fact that fund managers ...
The authors believe that investing is a learning process. Presently, investors are less willing to invest in funds with front-end ...
Several studies have found fundamental flaws in the traditional approach to managing individual investors’ portfolios, including ...
Phased withdrawal plans are compared to life annuity plans for German retirees, showing differences in benefit levels, shortfall ...
Wealthy private investors, individuals, and families control a significant amount of wealth, but relatively little of the ...
Financial planners and advisors increasingly recognize that human capital must be taken into account when building optimal ...
For William Horton, Jr., CFA, serving clients goes well beyond financial growth.
This article addresses the following key points: • Although media appearances may not lead directly to new business, they can ...
Straight from the mouth of a profesional NFL athelete, this podcast describes the challenges facing those experiencing sudden ...
This article addresses the following key points: • The number of mergers and acquisitions among independent wealth managers and ...
This article addresses the following key points: A 2004 survey by Fidelity Investments found that 34 percent of independent ...
Private investors are more diverse than institutional investors and subject to complex tax laws. This handbook provides vital ...
Traditional defined-benefit pension plans depend on funding by employers to preserve the security of their income guarantees. The ...
Financial commentators have called for more research on sustainable spending rates for individuals and endowments holding ...
To set an appropriate investment policy that considers the impact of taxes, simulation provides a better ...
Asset location, not to be confused with asset allocation, is the placement of assets among numerous taxable ...
By not realizing capital gains, equity investors can postpone or even fully avoid future tax payments to the government. The ...
Investors can gain exposure to a bond or stock in many ways—some of which are tax efficient and some of which are not. For ...
Although enhancing return is one way to add value for high-net-worth investors, often overlooked is the value added from risk ...
The importance of succession planning arises from two major needs: (1) business continuity and (2) obtaining and transferring ...
Client reporting is an area in need of much improvement. Individual investors are demanding the kind of sophisticated performance ...
This article addresses the following key points: Risk management is both art and science, and solutions vary according to firm ...
The mutual fund industry has undergone tremendous change in the past 60 years. Total assets, number of funds, and fund costs ...
Traditional defined-benefit pension plans depend on funding by employers to preserve the security of their income guarantees. ...
The author shows that the risk–return preferences of individual investors are different from those of institutional investors. He ...
The authors discuss explanations for how and why mutual fund size affects performance. As fund size grows, performance suffers. ...
Hedge funds are often used for risk reduction because they reduce the standard deviation of the traditional stock and bond ...
With the aging of the U.S. population, investors have become more aware of the need to save for their retirement. The tax laws in ...
This article addresses the following key points: Traditional separate managed accounts (SMAs) can cause problems for clients who ...
Despite the growth of investments by individuals in bond funds, no research has investigated the determinants of these money ...
Until recently, the issue of tax-efficient investing has been largely overlooked by the mainstream literature. And simple ...
The author presents a life-cycle asset allocation model with labor–leisure, consumption–saving, risk–return, and retirement goal ...
This article addresses the following key points: An estimated 58 million US adults use e-mail daily. It's important to educate ...
The mutual fund industry has undergone tremendous change in the past 60 years. Total assets, number of funds, ...
This article addresses the following key points: Uncovering unspoken attitudes can provide valuable insights into a ...
The mutual fund industry has undergone tremendous change in the past 60 years. Total assets, number of funds, and fund costs have ...
Zvi Bodie's book outlines the difference between saving and investing, shows that stocks are not safe in the long run, and lays ...
All individuals and institutions face asset/liability management problems on a continuous basis. In this Research Foundation ...
Many investors need to rebalance portfolios that are heavily weighted in low-basis stocks. At least three financial strategies ...
David M. Stein (Managing Director and Chief Investment Officer, Parametric Portfolio Associates) discusses How employee ...
Meeting the special needs of clients who have concentrated equity holdings has become a productive way for investment managers to ...
Although taxes are an economic reality for most client portfolios, much of the academic financial literature deals with ...
The authors of this article directly examine a sample of investment policy statements from college and university endowments to ...
This study examines the strategy of locating equity (rather than Treasury bonds) in tax sheltered accounts from 1928-2009 and ...
Read about key trends in global asset management in this report from CREATE-Research.
Warren Buffett calls on the wealthiest to pledge to give away half their wealth during their lifetimes or when they die.
Meir Statman compiles insights from much of his research in this comprehensive review of how investors make financial decisions. ...
This article discusses family business succession planning in Asia and how they compare to U.S. practices. Note: registration is ...
This book provides helpful guidance for financial advisers looking to build highly-profitable wealth management businesses. The ...
This seminal seminal survey of the world’s wealthiest investors identifies regional and investment trends for the private wealth ...
Large investment firms are finding different ways of incorporating behavioral finance principles into their private client ...
This article provides an overview of family council and family constitution in the context of their importance for the Asian ...
This article discusses the differences between the belief systems and practices of stewards and inheritors and the confusion they ...
Bill Gates coined the term "creative capitalism" to call on businesses to find ways in which they can combine making ...
The prepaid variable forward has been the subject of a number of unfavorable tax rulings that conclude that hedging appreciated ...
Although charitable giving among high net worth investors is widespread, the depth or amount of giving is relatively modest. This ...
In this article, the authors analyze asset allocation issues associated with deferred variable annuities with guaranteed minimum ...
Conventional wisdom is to defer paying taxes for as long as possible. This white paper analyzes when it might be useful to ...
Once an adviser determines how much excess wealth can be safely transferred to subsequent generations or others, the next ...
Wealth management is a comprehensive discipline that requires mastery of complex concepts. In these eight principles, Stuart ...
This article discusses the advantages and disadvantages of financial calculators designed to estimate how much an investor needs ...
Bill Gates has coined the term "creative capitalism," calling on the for-profit sector to find ways in which they can ...
If a family has the goal of long-term business continuity, they need to define the ownership role and owners need to have a ...
This Ibbotson Associates Research Paper addresses asset allocation for target maturity funds using modern portfolio theory.
Successful advisers have temperaments and mindsets that inspire trust and confidence in themselves and their clients. This ...
In this white paper, the authors use simulation to estimate the core capital necessary to sustain the first generation’s ...
This research from the Wharton School of Business describes the development of single family offices (SFOs) as an alternative to ...
Becoming a "trusted adviser" is critical to developing an effective advisory relationship. This report examines the ...
Developing a strong rapport with clients requires effective communication skills. This tip sheet provides tools and techniques to ...
This white paper from LPL financial provides a platform for Registered Investment Advisors to migrate to the Hybrid Advisor ...
Read about key trends affecting High Net Worth Individuals (HNWIs) around the world in this 2009 report.
Read about investment behaviors and trends in High Net Worth Individuals (HNWIs) in the Asia-Pacific region in this 2008 ...
Read about welfare-improving financial innovation and how it can be used in private wealth management in this study from ...
Read the industry reactions to the EDHEC-Risk study on Asset-Liability Management Decisions (PDF) in Private Wealth Management in ...
In this report from Bernstein Wealth Management Research, read tips on how to effectively plan and execute wealth transfers ...
This article helps investors understand the drivers of inflation protected bond performance on an absolute basis and relative to ...
In this six-part series, Meir Statman discusses emotional influences on investor behavior, including affect, fear, regret, and ...
This PDF comprises a series of columns that first appeared in the Monitor in 2005 and 2006. The columns cover six investor ...
This article explains how to identify aggressive investors and techniques to address their biases productively.
This article provides a description of how to classify clients into behavioral investor types.
Article discusses how the duration of the TIPs fund you hold can have material impact on the correlation to CPI.
This article addresses current issues facing offshore finance centers from an Asian perspective. Possible problems and new ...
This seminal text on wealth management is a comprehensive tome that clearly illustrates the interconnectedness of distinct ...
This book is a guide for families and advisers looking to transition to a family governance and wealth management model designed ...
Swiss private placement life insurance (PPLI) and deferred variable annuities (DVA) have become very popular, yet the wide range ...
This Databook displays the detailed dataset backing the "Credit Suisse Global Wealth Report," the comprehensive study ...
The "Credit Suisse Global Wealth Report" is a comprehensive study of world wealth that analyzes the world’s entire 200 ...
The English-language version of the Capgemini/Merrill Lynch report reviews the behavior of high net worth individuals (HNWIs) and ...
Read summaries of 14 key sessions from the recently concluded Third Annual CFA Institute European Investment Conference in ...
The Korean version of the Capgemini/Merrill Lynch report reviews the behavior of high net worth individuals (HNWIs) and how ...
This study published by Eurosif examines the integration of environmental, social, and governance (ESG) issues into investment ...
Canada provides a safe and surprisingly tax-efficient alternative to many of the more well-known citizenships that the wealthy ...
This survey produced by PRMIA analyzes consumer credit risk in the U.S., including risk management priorities, issues with ...
This second annual survey describes the practices of private wealth managers, especially around the implementation of ...
The Traditional Chinese version of the Capgemini/Merrill Lynch report reviews the behavior of high net worth individuals (HNWIs) ...
The Simplified Chinese version of the Capgemini/Merrill Lynch report reviews the behavior of high net worth individuals (HNWIs) ...
This book takes an asset-liability cash flow matching approach to portfolio construction for private clients. Using a client's ...
Spending policy and asset allocation for private foundations should be consistent with the foundation’s philanthropic mission. ...
The well-documented low-volatility, or low-beta, anomaly can be used as a style factor to reduce a portfolio’s overall ...
Despite its benefits, social media has eroded privacy and exposed families to greater risks. This white paper examines areas of ...
This Deloitte primer examines the uncertain tax environment and offers guidance on income tax and wealth transfer tax strategies. ...
Wealth management processes have not always been responsive to individual clients’ priorities and modes of ...
Collaborative relationships with outside third party service providers are becoming an important part of emerging business models ...
Closely held family businesses vary in their level of financial sophistication. This study by two professors at Bocconi ...
This report is based on a survey of nearly 800 family-owned businesses in the United States. Questions included business ...
There is confusion about what can and can't be done to hedge and monetize low-basis equity positions without triggering a tax ...
By using the structural principles of a balance sheet, wealth managers can plan effectively for a client's short-, mid-, and ...
This article looks at ways that hedge fund investors may be able to mitigate the tough tax treatment that they generally receive. ...
This book provides investors with strategies for identifying and preventing financial fraud.
This National Examination Risk Alert raises issues related to the use of social media by registered investment advisers and urges ...
This compliance overview examines the guidelines set by the Financial Industry Regulatory Authority (FINRA) on how broker/dealers ...
This interview with Tom Fontaine of AllianceBerstein discusses the possibilities and challenges of providing lifetime income to ...
Barbara Hauser advises international families across the globe on family governance issues. In this book, she discusses the ...
In this article, the authors apply a conditional multi-factor model to show differences in risk-adjusted returns between ethical ...
The ostensible precision associated with asset allocation glide paths in target date retirement funds is illusory. This webinar ...
Behavioral Finance Course
CFA Institute Conference: Wealth Management 2012
CFA Institute: 65th Annual Conference
The 2012 Essential Tax and Wealth Planning Guide
Emerging Trends for Family Offices
A Matter of Trust
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A reference guide for wealth management, newly updated for today's investment landscape.
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