Articles & Insights
Investment Executive: Focus on Products  |  11 October 2019

Managing liabilities

The advisor’s job includes making sure a client’s portfolio can fund future expenses.

Ever since the groundbreaking research of Gary Brinson, Randolph Hood and Gilbert Beebower identified asset allocation as the primary determinant in the variability of portfolio returns, thoughtful investment advisors focus on asset-mix composition as the building block of portfolio construction. The goal has been to construct optimally diversified portfolios that seek the highest return relative to their risk as measured by volatility. Read more >