GBI: Integrating Traditional and Behavioral Finance
The implementation of this framework is described through examples, which consider the challenges of investing to meet lifestyle expenses and investing for a fixed planning horizon. We discuss the development of investment strategies for each of these purposes, modifying traditional portfolio construction methods to reflect investor goals, risk tolerances and preferences.
Goals Based Investing: Integrating Traditional and Behavioral Finance
The PI risks of goals-based advice
November 27 2017, Jamie Williamson
Jamie Williamson with the IFA, writes "financial advisers making the switch to goals-based advice must ensure they are adequately covered with professional indemnity insurance."