PPT-Tax Efficient Portfolio Construction and Longevity Planning

Presented by Thomas Sartor CFA October 30 2018 Disclosures The Financial Advisory Group Inc is not a CPA firm or a law firm The following should not be construed as advice or investment recommendations. Greg B Davies, PhD. Head of Behavioural Finance. greg.davies2@barclayswealth.com. June 2010. 2. “The market can stay irrational, longer than you can stay solvent” . John Maynard Keynes. Harry Markowitz – Nobel Prize 1990. Topic 12. I. . Efficient Market. Theory (EMT). Efficient Market Theory. Where did EMT come from?. What is the Efficient Market Theory?. What does it Imply?. How can it be tested?. What conclusions can we draw about market efficiency?. Bodie, Kane and Marcus. Essentials of Investments . 9. th. Global Edition. . 6. 6.1 Diversification and Portfolio Risk. Market/Systematic/Non diversifiable Risk. Risk factors common to whole economy. BUILT TO LAST. Assessing the Benefits of Modular. Construction for Military Applications . Modular Building Institute. Presented by. Tom Hardiman, Executive Director. Modular Building Institute. . 6. Bodie, Kane, and Marcus. Essentials of Investments, . 9. th. Edition. 6.1 Diversification and Portfolio Risk. Market/Systematic/Nondiversifiable Risk. Risk factors common to whole economy. Unique/Firm-Specific/Nonsystematic/ Diversifiable Risk. Diversification is key to risk management. Asset allocation most important single decision. Using Markowitz Principles. Step 1: Identify optimal risk-return combinations using the Markowitz analysis . FCUFS. March 17, 2016 . Happy St. Patrick’s Day. Presented by. Mike McCormick, AIA. Associate Vice President. Capital Planning. & Development. Understanding the costs. What we Build. ~60%. How we Build. I. . Efficient Market. Theory (EMT). Efficient Market Theory. Where did EMT come from?. What is the Efficient Market Theory?. What does it Imply?. How can it be tested?. What conclusions can we draw about market efficiency?. International Advisory Council Meeting 2009 . Rome, October 2009. Jim . Earley. , URS Corporation. Michael Buss, Intergraph. Agenda. Introduction - Michael Buss . Business case for an integrated construction solution. Longevity 12. September 2016. Laura Hardy. A Balancing Act. Servicing demand at a price that works. Is reinsurer longevity capacity running out?. Global exposure currently supports local appetite . US mortality exposure $12trn Sum Assured**. Prepared by:. Ward Ching, Vice President, Risk Management Operations, Safeway, Inc.. Loren Nickel, FCAS, CFA, MAAA, Regional Director and Actuary, Aon Global Risk Consulting. RIMS Session ERM009. Chapter Outline. 11.1 . The Expected Return of a Portfolio. 11.2 . The Volatility of a Two-Stock Portfolio. 11.3 . The Volatility of a Large Portfolio. 11.4 . Risk Versus Return: Choosing an . Efficient Portfolio. n . Security. Rashid Usman Ansari . AMU Centre Jangipur Murshidabad. . Source:. Investment Analysis and Portfolio Management. Gabrielle Dreyfus, Head of Policies, Standards, and Programs. Kigali Cooling Efficiency Program. 30. th. Meeting of the Parties. Quito, Ecuador – November 6, 2018. AGENDA. 2. 7:00 Welcome and Introduction, and announcements.