RT Journal Article SR Electronic T1 The Portfolio Management Problem of Individual Investors JF The Journal of Wealth Management FD Institutional Investor Journals SP 56 OP 63 DO 10.3905/jwm.2004.412356 VO 7 IS 1 A1 Nicolo G. Torre A1 Andrew Rudd YR 2004 UL https://pm-research.com/content/7/1/56.abstract AB The authors start by observing that, over the past 30 to 40 years, a generally accepted approach has evolved for the management of institutional investment funds, noting that, today, one sees an effort to adapt this approach to managing the funds of individual investors. They note that there are difficulties, as the investment problems of institutions and individuals differ in some fundamental ways. Until institutional methods are suitably modified to account for these differences, the experience of individual investors is likely to remain less than it could be. This article identifies some of these key differences and suggests appropriate adaptations of institutional methods to suit individual investors.