LEADER 02536nam 2200481 450 001 9910794159403321 005 20200522193251.0 010 $a1-119-56697-5 010 $a1-119-56700-9 035 $a(CKB)4100000010953421 035 $a(MiAaPQ)EBC6173681 035 $a(CaSebORM)9781119566946 035 $a(EXLCZ)994100000010953421 100 $a20200805d2020 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aModern asset allocation for wealth management /$fDavid M. Berns 205 $aFirst Edition. 210 1$aHoboken, NJ :$cJohn Wiley & Sons, Inc.,$d[2020] 210 4$dİ2020 215 $a1 online resource 225 1 $aWiley finance 311 $a1-119-56694-0 320 $aIncludes bibliographical references and index. 330 $a"This book provides a complete taxonomy of modern methods for constructing investment portfolios. It goes beyond the simplest models and heuristics that are commonly used today and brings advances that are otherwise buried in Ph.D.-level mathematics to the financial advisor community. It covers all aspects of creating client portfolios, including choosing asset classes to invest in, selecting securities within asset classes, client risk preference assessment, portfolio construction, and portfolio rebalancing. Questions answered include: What is client utility? What utility function does mean-variance optimization assume? Is it a good representation of my client? How has the revolution in behavioral finance changed the classic utility assumption? How do you set your client's utility function parameters? How do we define asset classes? Which asset classes should we include in our asset allocation? Which optimization technique should I use given my client's utility function? Does my optimization technique account for higher order moments that are prevalent in today's alternative risk premia?"--$cProvided by publisher. 410 0$aWiley finance. 606 $aPortfolio management$xStatistical methods 606 $aInvestments$xManagement 615 0$aPortfolio management$xStatistical methods. 615 0$aInvestments$xManagement. 676 $a332.6 700 $aBerns$b David M.$01544066 702 $aBerns$b David 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910794159403321 996 $aModern asset allocation for wealth management$93797962 997 $aUNINA