An in-depth overview of investing in the real world
In Goals-Based Portfolio Theory, award-winning Chartered Financial Analyst® Franklin J. Parker delivers an insightful and eye-opening discussion of how real people can navigate the financial jungle and achieve their financial goals. The book accepts the reality that the typical investor has specific funding requirements within specified periods of time and a limited amount of wealth to dedicate to those objectives. It then works within those limits to show you how to build an investment portfolio that maximizes the possibility you’ll achieve your goals, as well as how to manage the tradeoffs between your goals.
In the book, you’ll find:
Strategies for incorporating taxation and rebalancing into a goals-based portfolio A discussion of the major non-financial risks faced by people engaged in private wealth management An incisive prediction of what the future of wealth management and investment management may look like
An indispensable exploration of investing as it actually works in the real world for real people, Goals-Based Portfolio Theory belongs in the library of all investors and their advisors who want to maximize the chances of meeting financial goals.
By:
Franklin J. Parker (RIA TX)
Imprint: John Wiley & Sons Inc
Country of Publication: United States
Dimensions:
Height: 231mm,
Width: 160mm,
Spine: 28mm
Weight: 454g
ISBN: 9781119906100
ISBN 10: 1119906105
Pages: 256
Publication Date: 11 January 2023
Audience:
General/trade
,
ELT Advanced
Format: Hardback
Publisher's Status: Active
Foreword by Jean LP Brunel, CFA ix Preface: Goals-Based Investors and the Need for Better Theory xv Acknowledgments xxvii Chapter 1 The Story of the Idea: How Goals- Based Portfolio Theory Came to Be 1 Chapter 2 A Theoretical Foundation 11 Chapter 3 Allocating Wealth Across Goals and Across Investments 31 Chapter 4 Allocating Wealth Through Time 45 Chapter 5 Real Markets, Real Risk, Real Portfolios 65 Chapter 6 Insurance Through a Goals- Based Lens 85 Chapter 7 Impact Investing 97 Chapter 8 Taxes and Rebalancing 109 Chapter 9 Goals- Based Reporting 125 Chapter 10 Fragility Analysis of Goals- Based Inputs 137 Chapter 11 Human Risks 147 Chapter 12 Prudent Investing with High- Variance Assets: An Experimental Chapter 161 Chapter 13 As a Bridge Between Normative and Behavioral Finance 173 Chapter 14 The Future Structure of Wealth Management Firms 199 Some Final Thoughts 209 Index 219
FRANKLIN J. PARKER, CFA, is the award-winning author of dozens of peer-reviewed articles and trade publications. He is a CFA charterholder, international speaker, founder of a Texas-based RIA, and a strategic advisor to journals, funds, and wealthy families.
