%0 Journal Article %E Kirk Loury %T Wealth Management %B Using the Balance Sheet Methodology %D 2008 %R 10.3905/jwm.11.2.19 %J The Journal of Wealth Management %P 19-28 %V 11 %N 2 %X For both wealth managers and investors, a disconnect can result over time as to how the performance of a wealth plan meets the client's short-, mid-, and long-term needs. Failing to fund these needs can create life-changing consequences that may not appear for years into the future, until it is often too late to change course. The use of the structural principles of a balance sheet enables wealth planning to proceed methodically and efficiently by matching pro-forma after-tax cash flows across various time horizons. The sequential matching of cash flows drives a number of different insights into portfolio management tactics, such as need hierarchies, asset allocation, and rebalancing.TOPIC: Wealth management %U https://jwm.pm-research.com/content/iijwealthmgmt/11/2/19.full.pdf