RICHARD MARSTON – PORTFOLIO DESIGN. A MODERN APPROACH TO ASSET ALLOCATION

Portfolio design. The key to successful investing is choosing the right mix of assets. It can help you accumulate wealth over time. You need to be familiar with all of the major asset classes that go into modern portfolios in order to achieve this goal. Discipline to the investment process is provided by thoughtful asset allocation. Professor Richard C. Marston, recipient of the Investment Management Consultants Association’s prestigious Matthew R. McArthur Award, will guide you through the major decisions that need to be made when designing a portfolio and will put you in the best position to balance the risk-reward relationship that is part of the

Portfolio design. Investment advisors will read it. The book contains information about both traditional assets like stocks and bonds as well as alternative assets such as hedge funds, private equity, real estate, and commodities. It should appeal to all sophisticated advisors if they are trying to qualify for a major investment designation. The book is designed to be read by any advisor who is interested in the investment process.

TABLE OF CONTENTS

Preface.

Acknowledgements.

About the author.

About the book.

DISCLAIMERS.

Chapter 1 is about asset allocation.

Chapter 2 covers long-run returns on bonds and stocks.

Chapter 3 deals with small-Cap stocks.

There is a chapter on value and growth investing.

Chapter 5 deals with foreign stocks.

Chapter 6 is about emerging markets.

Chapter 7 bonds.

Chapter 8 deals with strategic asset allocation.

Chapter 9 deals with hedge funds.

Chapter 10 deals with venture capital and private equity.

Chapter 11 contains real assets.

Chapter 12 deals with real assets.

There is a chapter on asset allocation with alternative investments.

Chapter 14 is about investing and spending by foundations.

Investing and Spending in Retirement is chapter 15.

Chapter 16 deals with the discipline of asset allocation.

There are references.

Index.

AUTHOR INFORMATION

Richard C. Marriott. He is the Director of the George Weiss Center for International Financial Research at the University of Pennsylvania. He received several awards, including the Sanwa Bank Prize in International Finance. He is a visiting scholar at the Bank of Japan, a visiting professor at the London Business School, and a research associate at the National Bureau of Economic Research. He is the Academic Director of the Private Wealth Management Program at Wharton, a week-long program for ultra-high-net-worth investors, and he is a long-standing faculty member in the Certified Investment Management analyst program at Wharton.

REVIEWS

The 600 ultra-high-net-worth investors who have completed Wharton’s five-day Private Wealth Management program are Richard Marston’s students. Dick Marston is always practical and knows both institutional and individual investors well. Portfolio Design is a timeless reference for any serious investor. Charlotte is the founder and CEO of the Institute for Private Investors.

A generation of financial advisors and individual and institutional investors have benefited from Richard Marston’s insight into building well-diversified and successful investment portfolios. Marston has a cutting-edge understanding of the asset allocation process. Phil C. Shaffer is the Managing Director of Graystone.

Many advisors who only learned the basics of asset allocation have too quickly dismissed the science of effective portfolio design. For a new age of sophisticated investors, many of these advisors have turned their backs on the essential knowledge, tools, and skills. For more than twenty-three years, the best and brightest financial advisors in the world have learned asset allocation and portfolio design strategies from Dr. Advisors who are serious about serving their clients will consume this book. Sean R. Walters is the CEO of Investment Management Consultants Association®.

Dick has done it again. He has created a tome for financial advisers. He uses historical returns to make sense of downturns and debunk myths about asset classes. Portfolio Design is a must-read for financial advisers. Stephen M. Horan is the Head of Professional Education Content and Private Wealth.

Portfolio Design by Richard Marston. There is a modern approach to asset allocation.

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