No Portfolio is an Island, Presented by David Blanchett

Wednesday, March 17, 2021 11:00am-12:00pm PT

Financial assets, such as stocks and bonds, are only one component of an investor’s total economic worth. Other assets, such as human capital, real estate, and pensions often represent a significant portion of an investor’s total wealth but are commonly ignored when building portfolios. It is important to understand into how important it is that we help our clients prepare financially for retirement by considering their total wealth, and not only their investable assets.

David Blanchett, head of retirement research at Morningstar Investment Management, explores various frameworks to design more efficient portfolios from a total wealth perspective in this presentation. Topics discussed include the relevance of human capital, optimal endowment allocations given donation risk, the impact of liabilities on optimal portfolios, efficient income investing, taxes, and optimal portfolios for different investing durations.

In “No Portfolio is an Island” by David Blanchett, you will:

Discover different types of risks to consider when building portfolios that are more efficient for clients when viewed from a total wealth perspective

Understand why there is no one efficient portfolio for all investors

Learn frameworks for incorporating different risks and preferences into the portfolio optimization process.