This session will highlight the redesigned interface, unlimited asset class constraints, and flexible reporting capabilities. The Evolution of Portfolio Theory from MPT to Behavioral Finance Dr. Frank Sortino will discuss the major achievements in financial theory and how they help one to manage uncertainty in financial markets. The planning and tax advantages from gifting early are great, and there are ways to address the loss of control issues that your clients may have. Use of these strategies as a part of an estate plan, how the calculations work in the forecast model, and how to successfully present these concepts to your clients will be covered. In the investment planning process, risk tolerance drives investment policy and we solve for lifestyle limits.
Measurement is usually against a benchmark.
In the planning process, we set the lifestyle goal, which then drives the required investment policy. We measure success against a necessary return rather than an external benchmark. A third approach that has been discussed in recent literature is to fix the lifestyle goal and the investment policy, and solve for the probability of market performance using statistical analysis methodologies such as Monte Carlo simulation. This session will examine the differences and similarities in the approaches, and how to incorporate them into an overall planning process. This session will describe the types of data available at the custodian, the conversion process in DownLoader, and the output into M-Watch through demo and training.