Goals-Based Wealth Management
An Integrated and Practical Approach to Changing the Structure of Wealth Advisory Practices
Reeks: Wiley Finance
Jean L. P. Brunel
- Take
- a
- more
- active
- role
- in
- strategic
- asset
- allocationGoals-Based
- Wealth
- Management
- is
- a
- manual
- for
- protecting
- and
- growing
- client
- wealth
- in
- a
- way
- that
- changes
- both
- the
- services
- and
- profitability
- of
- the
- firm.
- Written
- by
- a
- 35-year
- veteran
- of
- international
- wealth
- education
- and
- analysis,
- this
- informative
- guide
- explains
- a
- new
- approach
- to
- wealth
- management
- that
- allows
- individuals
- to
- take
- on
- a
- more
- active
- role
- in
- the
- allocation
- of
- their
- assets.
- Coverage
- includes
- a
- detailed
- examination
- of
- the
- goals-based
- approach,
- including
- what
- works
- and
- what
- needs
- to
- be
- revisited,
- and
- a
- clear,
- understandable
- model
- that
- allows
- advisors
- to
- help
- individuals
- to
- navigate
- complex
- processes.
- The
- companion
- website
- offers
- ancillary
- readings,
- practice
- management
- checklists,
- and
- assessments
- that
- help
- readers
- secure
- a
- deep
- understanding
- of
- the
- key
- ideas
- that
- make
- goals-based
- wealth
- management
- work.The
- goals-based
- wealth
- management
- approach
- was
- pioneered
- in
- 2002,
- but
- has
- seen
- a
- slow
- evolution
- and
- only
- modest
- refinements
- largely
- due
- to
- a
- lack
- of
- wide-scale
- adoption.
- This
- book
- takes
- the
- first
- steps
- toward
- finalizing
- the
- approach,
- by
- delineating
- the
- effective
- and
- ineffective
- aspects
- of
- traditional
- approaches,
- and
- proposing
- changes
- that
- could
- bring
- better
- value
- to
- practitioners
- and
- their
- clients.High-net-worth
- individuals
- face
- very
- specific
- challenges.
- Goals-Based
- Wealth
- Management
- focuses
- on
- how
- those
- challenges
- can
- be
- overcome
- while
- adhering
- to
- their
- goals,
- incorporating
- constraints,
- and
- working
- within
- the
- individual's
- frame
- of
- reference
- to
- drive
- strategic
- allocation
- of
- their
- financial assets.
