Publisher's Synopsis
Get up to speed on the latest investing strategies, techniques, and products-and raise your game to a whole new level
The financial services industry has undergone a major transformation over the last decade, including increased concerns from investors, the growth of the independent model, the growth of Robo-advisors, product evolution, increased market correlations-in addition to geopolitical risks, population growth, technological advances, and social tensions. Concepts like "Modern Portfolio Theory" aren't modern anymore, and even Post-Modern Portfolio Theory has become passé.
To succeed in today's complex, uncertain world of investing, you need go beyond plain vanilla stocks, bonds, and mutual funds and embrace the latest investing tools and techniques-and that's exactly what Goals-Based Investing helps you do. This unparalleled guide covers:
- The limitations with modern portfolio theory
- Behavioral Finance-overcoming biases
- The role and use of alternative investments (hedge funds, private equity, private credit, and real assets) in building better portfolios
- The growth of exchange-traded funds (ETFs) from "cheap beta" to "smart beta"
- Sustainable investing, also known as Environmental, Social, and Governance (ESG) investing
- Adopting a goals-based investing approach
- The future of wealth management
