Wealth Management

CFA Level III Portfolio Management
#1

Does anyone have a pretty good summary of things to look for in story lines that would help state and discuss for Wealth Management. Example:

Risk Objective:

Point is to point out the risks that are inherent in the story line that affect person X’s ability to take risks or obtaining their return requirement such as too much spending, not enough saving, education expenses, lifestyle changes

Time Horizon:

Look for single vs multi-stage, how old is the person to derive at when they want to retire

Legal:

Look for ________

Liquidity Needs:

Look for “chunky” liquidation expenses, like education expenses, or to meet specific needs, like a house that is before the end of the time horizon

…I am sure there someone’s got a good summary of key words/items to look for and how to bucket and organize the constraints into the proper categories.

#2

I think you have risk and return combined. Risk has willingness and ability and you use the more conservative of the two. return has to do with the required return. I’m unsure if estate values count as a stage in time horizon. One answer included it while a different one did not.

#3

Gad4—

Believe you are more than likely correct and you probably emphasis why I am looking for some kind of mapping table for the contraints.