Family Wealth Distribution
Economic Net Worth in Complex Family Situations The wealth management traditionally centers around standard family structures, it’s crucial to acknowledge the intricacies that emerge from non-traditional family structures. These complexities can stem from blended families, previous marriages, cohabitation, and diverse…
International Private Wealth
International Private Wealth Management International private wealth management is a crucial component of financial planning for individuals and families leading an international lifestyle. This lifestyle could be due to various factors such as personal, health, political, or professional reasons. For…
Performance Evaluation
Performance Evaluation Performance evaluation plays a pivotal role in assessing the effectiveness of investment programs. It is bifurcated into two primary components: performance measurement and performance attribution. Performance measurement quantifies the overall results of an investment program, both in absolute…
Retirement Planning
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…
Taxation, Risk and Return
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
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…
Trade Governance
All asset managers should have a trade policy document that clearly and comprehensively articulates the firm's trading policies and escalation procedures. The curriculum can be quite wordy in this section. The heart of the message is simply this: “Firms need…
Evaluating Trade Execution
Trade execution, a quantitative process assesses the performance of traders, algorithms, and brokers. Trade cost assessment, known as Trade Cost Analysis (TCA) or post-trade analysis, aids portfolio managers in selecting optimal trading methods and identifying and rectifying process issues. This…
Measurement and Determination of Cost of Trade
Trade Cost Measurement In its simplest terms, trade cost would just represent the commission paid to place a trade. However, this view is simplistic in that it only represents a portion of the total costs. The vocabulary from Reading 11,…
Market Comparison
The following sections compare and contrast trading within the following markets: Equities. Fixed income. Exchange-traded derivatives (options and futures). Off-exchange (OTC) derivatives. Spot currencies. Equities Equities offer the most robust and viable platform for electronic trading. Equities are the most…
