RT Journal Article
SR Electronic
T1 Life Cycle Investing: <em>From Target-Date</em>
               <br/>
               <em>to Goal-Based Investing</em>
JF The Journal of Wealth Management
FD Institutional Investor Journals
SP 23
OP 32
DO 10.3905/jwm.2013.16.1.023
VO 16
IS 1
A1 Ronald Janssen
A1 Bert Kramer
A1 Guus Boender
YR 2013
UL https://pm-research.com/content/16/1/23.abstract
AB The authors propose the use of goal based investing—or private ALM, as they prefer to call it—to tailor a dynamic investment strategy to the needs of individual clients. They argue that this approach is superior to the “one-size-fits-all,” target-date-oriented static allocation path used in most current life cycle funds. They present the two pillars of their approach: the methodology for obtaining financial and economic scenarios, and the methodology of the goal-oriented dynamic allocation strategy. This approach reduces the risks and improves the feasibility of meeting the clients’ goals.TOPICS: Retirement, portfolio construction, simulations