PT  - JOURNAL ARTICLE
ED  - Loury, Kirk
TI  - Wealth Management
AID  - 10.3905/jwm.11.2.19
DP  - 2008 Jul 31
TA  - The Journal of Wealth Management
PG  - 19--28
VI  - 11
IP  - 2
4099  - https://pm-research.com/content/11/2/19.short
4100  - https://pm-research.com/content/11/2/19.full
AB  - For both wealth managers and investors, a disconnect can result over time as to how the performance of a wealth plan meets the client's short-, mid-, and long-term needs. Failing to fund these needs can create life-changing consequences that may not appear for years into the future, until it is often too late to change course. The use of the structural principles of a balance sheet enables wealth planning to proceed methodically and efficiently by matching pro-forma after-tax cash flows across various time horizons. The sequential matching of cash flows drives a number of different insights into portfolio management tactics, such as need hierarchies, asset allocation, and rebalancing.TOPIC: Wealth management