RT Journal Article SR Electronic T1 Goal-Based Wealth Management in Practice JF The Journal of Wealth Management FD Institutional Investor Journals SP 17 OP 26 DO 10.3905/jwm.2011.14.3.017 VO 14 IS 3 A1 Jean L.P. Brunel YR 2011 UL https://pm-research.com/content/14/3/17.abstract AB Though goals-based wealth management is certainly not a radically new discipline, it has recently assumed a more important role within the private wealth management industry. Two discrete factors probably stand behind this development: a change in client perceptions of risk after the 2008 market melt-down and the publication of the seminal piece by Das, Markowitz, Scheid, and Statman. This article starts with a review of the key issues which families typically face when dealing with wealth planning, then discusses a framework which allows advisors to consider financial, estate, and investment-planning needs, shows the practical considerations associated with the process and concludes with a brief discussion of the major business challenges that still need to be addressed.TOPICS: Wealth management, in wealth management, financial crises and financial market history