High net worth investors’ portfolios have unique demands in order to maintain and preserve their significant worth.
These individuals require personalised services in investment management and estate and tax planning, among others.
This gives HNW investors both distinct risk profiles and investment portfolios. HNW individuals invest in significant real estate beyond a primary residence, financial assets and products with high minimum investments, such as alternatives, collections of art and jewellery, and luxury collectibles, such as cars and boats.
In addition, HNW investors are now more able to invest in hedge funds as a result of UCITS and MiFID and consequently need to be able to appreciate the risks involved.
Family offices and wealth managers are therefore increasingly using quantitative methods to meet the demands of both the portfolios and investors.
Edited by industry and academic experts Andrew Rudd and Steve Satchell, Quantitative Approaches to High Net Worth Investment brings together a wide variety of studies on the investment behaviour of HNW investors, with a focus on analytical and quantitative techniques.
Rudd and Satchell have assembled a roster of expert contributors, who span a spectrum of academic and practical approaches and includes authors at leading wealth management organisations.
The book gives practical insights into elements key and specific to high net worth investment including the following:
- Discretionary wealth management
- Tax alpha
- The effect of anxiety on portfolio performance
- Alternatives and luxury goods, including art
- Real estate
- Sustainable spending plans
- Divorce risk
This reference book is a must-read for family offices and wealth managers looking to expand their client base through the use of more sophisticated, quantitative techniques.
- Book - 9781782720904 / eBook - 9781782721703
- Publish date
- 28 Apr 2014
Table of contents
Andrew Rudd (Advisor Software) and Stephen Satchell (University of Cambridge)
Discretionary Wealth Management in Practice
Jarrod Wilcox (Wilcox Investment)
Applications of a Non-Parametric Method of Asset Allocation for High Net-Worth Investors
Dan di Bartolomeo (Northfield Information Services)
Keith Quinton and Nicolas Brunetti (Fidelity Investments)
Managing Anxiety to Improve Financial Performance: Don’t Let the Best be the Enemy of the Achievable
Greg B. Davies and Antonia Lim (Barclays)
A Dynamic, Three Dimensional Approach, to Risk Rated Investing for Investors
Robert Jukes and Edward Smith (Canaccord Genuity Wealth Management)
Quantifying Expert Opinion in Valuation and Investment: The Role of Tastemakers in Contemporary Art
Anders Petterson (ArtTactic) and Oliver Williams (Markham Rae)
Measuring the Cost of Socially Responsible Investing
Mark Kritzman and Tim Adler (Windham Capital Management)
Madoff: A Flock of Red Flags
Greg N. Gregoriou (State University of New York (Plattsburgh)) and Francois-Serge Lhabitant (Kedge Capital)
Real Estate: Risk, Return and Diversification
Colin Lizieri and Robert Jalali (University of Cambridge)
High Net Worth Consumption: the Role of Luxury Goods
Stephen Satchell and Nandini Srivastava (University of Cambridge)
Modelling Sustainable Spending Plans for Family Offices, Foundations and Trusts
Stephen Satchell (University of Cambridge) and Susan Thorp (University of Technology, Sydney)
Asset Allocation and Divorce Risk
Bernd Scherer (FTC Capital)
Asset Allocation Decisions for HNW Investors
Andrew Rudd (Advisor Software)