000			01379nam a2200205Ia 4500
008			210223s9999 xx 00 und d
100			_aSanjiv R Das _9181
520			_a"We introduce a novel framework for goals based wealth management where risk is understood as the probability of investors not attaining their goals, not just the standard deviation of investors portfolios. Our framework is based on a foundation of development in behavioral economics and finance and its consistent with modern portfolio theory. using a simple geometric analysis we determine specific portfolio that matches each individual investors stated goals. Our approach requires information from the investors about their goals elicited in a clear manner that market research shows is superior to common current practices. This new approach can improve the communication between advisors and clients and produce better advice for enabling clients to attain their goals with high probability through the use of efficient portfolios."
650			_aManagement _9182
654			_a Framework
654			_a Portfolios
654			_aWealth Management
773			_tJOURNAL OF INVESTMENT MANAGEMENT
942			_cAR
245			_aNew Approach to Goals Based Wealth Management
260			_c2018-07-25
300			_a27
440			_p3 _v16 _9183
700			_aAnand Radhakrishnan _aDaniel Ostroy _9184
999			_c35849 _d35849