RT Journal Article SR Electronic T1 Optimal Lifetime Asset Allocation with Goals-Based, Lifecycle Glide Paths JF The Journal of Wealth Management FD Institutional Investor Journals SP 10 OP 22 DO 10.3905/jwm.2016.19.1.010 VO 19 IS 1 A1 Peter Mladina YR 2016 UL https://pm-research.com/content/19/1/10.abstract AB Assets should serve a purpose: to fund a lifetime of financial goals. If assets serve the purpose of funding lifetime goals, it naturally follows that optimal lifetime asset allocation should be goals-based and multi-period, requiring customization according to goals, human capital, and risk preference. Ideally, risk preference is defined intuitively for private investors. We present a dynamic asset allocation method based on an intertemporal capital asset pricing model that incorporates these features to produce a goals-based lifecycle glide path—an asset allocation roadmap that optimally funds lifetime consumption goals while adapting to evolving conditions.TOPICS: Wealth management, in wealth management