Description

Book Synopsis

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 inve

    Table of Contents

    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

GoalsBased Portfolio Theory

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    A Hardback by Franklin J. Parker

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      Book details

      Publisher John Wiley & Sons Inc
      Published 5 December 2022
      ISBN-13 9781119906100
      978-1119906100
      ISBN-10 1119906105
      Also in:
      Finance and accounting

      Description

      Book Synopsis

      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 inve

        Table of Contents

        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

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