Taxes and Investment Risk, Implications for Wealth Management
Investment Risk A fundamental premise regarding taxes and risk is that, by taxing investment returns, a government shares risk as …
level III
Types of Investment Accounts
Most types of investment accounts can be classified into three categories. The first type is taxable accounts. Investments to these …
After Tax Accumulations and Returns for Taxable Accounts
Taxes on investment returns have a substantial impact on performance and future accumulations. Models enable the investment adviser to evaluate …
Global Income Tax Structures
There are three primary categories of taxes: Taxes on income: Paid by individuals, corporations, and other legal entities on various …
Portfolio Construction and Monitoring
Portfolio Allocation and Investments for Private Wealth Clients The traditional approach to constructing a private client’s portfolio views risk in …
Investment Policy Statement
The Investment Policy Statement (IPS) is a written planning document that describes a client’s investment objectives and risk tolerance over a …
Investment Planning
Capital Sufficiency Capital sufficiency (or capital needs) analysis enables private wealth managers to determine the likelihood of their clients being able …
Understanding Private Clients
Overview of Private Clients Private wealth management refers to investment management and financial planning for individual investors. The private wealth …
Behavioral Biases in Asset Allocation
Loss aversion is a bias in which investors dislike losses more than they like gains. This makes it difficult for investors …
Adjusting Strategic Asset Allocation
It is unlikely that the initial optimal asset allocation will be applicable for the entire lifetime of any portfolio. In …