Retirement Planning Retirement planning is a modern concept that encompasses both financial and social aspects. It is a crucial part of human flourishing, which involves physical, mental, and spiritual health, as well as social connections. Phases of Retirement Retirement planning…

Impact of Taxes on Risk and Return in Portfolio Management The influence of taxes on risk and return is a significant factor in portfolio management. This is particularly true for portfolios owned by individuals, families, and businesses that are not…

Asset Allocation Private clients can invest in both public and private markets. However, this discussion primarily focuses on public markets due to the complexity of modeling returns for private investments, which often have intricate fee structures including base fees, performance…

Liquidity In the field of finance, liquidity is a term that refers to the ease with which an asset, or security, can be converted into ready cash without affecting its market price. The liquidity of an investment is influenced by…

Taxation Investment management is a multifaceted field, with taxes on returns being a significant factor. While the media and academia often focus on fees and trading costs, the impact of taxes on returns is substantial and should not be underestimated….

Comprehensive Wealth Planning Comprehensive wealth planning, also known as integrated planning or wealth structuring, is a holistic approach to managing a client’s financial and business affairs. This approach is often used by high-net-worth individuals (HNWIs) with the aim of growing…

Goals-Based Planning Goals-based planning is a financial strategy that aligns an individual’s financial resources with their unique goals and circumstances. Unlike traditional methods that primarily focus on portfolio performance, goals-based planning balances personal spending with income and aligns investments with…

Family Governance Family governance is a crucial aspect of managing wealth, especially in large families where wealth is concentrated in a family business. It involves a system established by families to ensure the effective generation, transition, preservation, and growth of…

Distinctive Characteristics of UHNW Clients UHNW clients have unique financial planning needs and approaches, distinguishing them from other private wealth clients. This uniqueness is manifested in several key areas: Non-traditional Financial Planning Multi-jurisdictional Holdings Longer Time Horizon Distinct Risk-Reward Trade-off…

Private Wealth Management and Client Segmentation Private wealth advisors employ client segmentation to better understand and cater to their clients’ needs. This segmentation is typically done in three ways: by the level of wealth, by the generational cohort, by the…