Two important developments have brought goal-based wealth management into greater focus
in the last three years. The financial market meltdown of 2008 has changed the way many …

… JEAN LP BRUNEL is a managing principal of Brunel Associates in Bonita Springs. FL. a …
Brunel [1999al considered the consequences ofchanging the asset mix as an after—the—fact …

Take a more active role in strategic asset allocation Goals-Based Wealth Management is a
manual for protecting and growing client wealth in a way that changes both the services and …

Statman [1999] 9 proposes a solution to this conundrum, describing and specifying a behavioral
portfolio, which is in fact the progenitor of the approach we discuss here. He postulates …

Following the success enjoyed by goal-based allocation over the last several years, the author
investigates what the focus away from traditional finance and toward behavioral finance …

This book is an examination of the management of portfolios of high net worth individuals (HNWIs).
Jean LP Brunel identifies the factors which demand a different approach from that of …

The author explores the issue of asset location, focusing more specifically on the long run
return and risk implications of using fewer or more asset locations. The article is structured in …

This article seeks to fill a void in the literature on goals-based planning. Most of the current
work covers cases where clients already possess significant financial assets that they plan on …

The authors investigate how exchange-traded funds (ETFs), which are well known for tax
efficiency, can be used to create broader portfolio tax efficiency. They show that it is reasonable …

In this article, the author also considers market timing, not as a strategy, but as a reaction to
an earlier faulty decision. Rather than viewing market timing as the result of investor belief …