Goalsbased investing empowers intermediaries, institutions and individuals alike to focus on what really matters achieving goals And when you marry those goals with our global economic perspective, it's a powerful framework that Improves on traditional portfolio construction, as it places a larger emphasis on alignment with investor goalsGoalbased investing is a new paradigm that is expected to have a profound and longlasting impact on the wealth management industry This book presents the concept in detail and introduces a general operational framework that can be used by financial advisors to help individual investors optimally allocate their wealth by identifying performanceseeking assets and hedging assetsThe goalbased investing framework mitigates behavioural biases while producing an optimal asset allocation that funds lifetime aspirations The probability of reaching or failing to reach an investment target is integral and should be considered as the modern standard for risk measurement in behavioural portfolios
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