Goals-Based Portfolio Theory

Franklin J. Parker

• Publisher: Wiley
• Year: 2022
• Print ISBN: 9781119906100
• eBook ISBN: 9781119906124
• Edition: 1
• Topic: Business
• Subtopic: Wealth Management
• Index: Business

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.

Table of contents

• Cover
• Table of Contents
• Title Page
• Copyright
• Dedication
• Foreword
• Preface
• Acknowledgments
• CHAPTER 1: The Story of the Idea
• CHAPTER 2: A Theoretical Foundation
• CHAPTER 3: Allocating Wealth Across Goals and Across Investments
• CHAPTER 4 Allocating Wealth Through Time
• CHAPTER 5: Real Markets, Real Risk, Real Portfolios
• CHAPTER 6: Insurance Through a Goals‐Based Lens
• CHAPTER 7: Impact Investing
• CHAPTER 8: Taxes and Rebalancing
• CHAPTER 9: Goals‐Based Reporting
• CHAPTER 10: Fragility Analysis of Goals‐Based Inputs
• CHAPTER 11: Human Risks
• CHAPTER 12: Prudent Investing with High‐Variance Assets: An Experimental Chapter
• CHAPTER 13: As a Bridge Between Normative and Behavioral Finance
• CHAPTER 14: The Future Structure of Wealth Management Firms
• Some Final Thoughts
• Index
• End User License Agreement