ISBN 9781576601860,The Investment Think Tank: Theory, Strategy, and Practice for Advisers

The Investment Think Tank: Theory, Strategy, and Practice for Advisers


Bloomberg Press



Bloomberg Press

Publication Year 2005

ISBN 9781576601860

ISBN-10 1576601862

Paper Back

Number of Pages 432 Pages
Language (English)

Investment & securities

Whats the story behind Peter Bernsteins challenge to a fixed-asset-allocation mix? Did the financial-planning community take a wrong ideological turn in espousing it? What can behavioral finance tell you about serving your clients? What choices can you make to ensure tax efficiency in your clients portfolios? Whens the last time you checked into your reward-to-semivariability ratios? How current is your understanding of the core-and-satellite approach to portfolio design? And how much do you know about putting one in place for your client?To get some answers to these and other questions, financial advisers Harold Evensky and Deena Katz invited some of the best minds in investment management to share their best thinking. The result is a gathering of eagles that will challenge your beliefs, reinforce your convictions, pique your curiosity, and maybe even improve some of those tried-and-true tried-and-true practices you put in place too long ago.

About the Author
HAROLD EVENSKY is chairman of Evensky, Brown & Katz, a financial-advisory firm in Coral Gables, Florida. Deena Katz is president. Their innovation and skill have earned them the loyalty of clients; their daring and dedication have won them the respect of their peers. Evensky is the author of Wealth Management: the Financial Advisors Guide to investing and Managing Client Assets; Katz is the author of Deena Katz on Practice Management and Deena Katzs Tools and Templates for Your Practice. Both are Featured speakers at national and international Investment management and financial and planning conferences, and both are published widely and quoted extensively in financial journals and in newspapers.

Table of Contents
Part One
1 The Tax-Efficient Portfolio
2 Death to the Policy Portfolio
3 A Holistic Approach to Asset Allocation
4 Professional Portfolio Design
Part Two
5 Managing concentrated Stock Positions
6 Managing the Taxable Equity Portfolio
7 Tax-Efficient Investing
8 A Different Approach to Asset Location
Part Three
9 Reinventing the Investment Fund
10 The Cost and Consequences of Insurance Wrappers
11 Alternative Investments
Part Four
12 Human Capital and Asset Allocation: Is That client a Bond or a Stock?
13 Downside Risk Measures; A Brief History
14 Fundamental Fund Analysis
15 Controlling Longevity Risk in a Retirement Portfolio
16 Monetary Policy and Investment Returns
17 Defining Investment Advice
Part Five
18 Financial Gerontology and Employee Benefits
19 Assessing Risk Tolerance: A Micro-Behavioral Finance Case Study
20 The Why of Wealth Management
21 Lessons in Behavioral Finance
22 Missing Persons: Black Investors and the stock Market