Going Beyond the Basics
You expect your investment advisor to understand the basic principles of portfolio management. You should also expect your advisor to go to the next level.
Wealth Management
- Integrate financial planning with investment management
- Use financial planning process to determine true goals
- Evaluate investment risk in context of total net worth
- Coordinate needed professional services
Lifestage Investing
- Importance of the sequence of market returns in retirement
- Effect of volatility on total wealth accumulation
- Techniques for portfolio withdrawals
- Effect of taxes
Portfolio Diversification for Unexpected Investment Pitfalls
- Inflation
- Recession
- Crisis of Confidence
Tactical Portfolio Adjustments
- Adjust asset class allocation and security selection in different market conditions
- Monitor economic trends
- Review manager performance
Value Added in Difficult Market Conditions
- Stock picking by active managers
- Diversification into alternative asset classes and strategies
- Identify market pricing anomalies
