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ALM & Asset Management The Evolution of Value-Added in Private Wealth Management and the Asset-Liability Management Approach 20 April, 2011 - London
An exclusive presentation of the results of an EDHEC-Risk Survey of European Private Wealth Management: advanced scenario analyses, best practices and an overview of Private ALM solutions

Private wealth managers generally see customised advice as a key source of their value added. However, there is no systematic research that assesses how private wealth management practice addresses different investor objectives and risk definitions. The academic literature on asset allocation provides insights on a range of factors that affect investors’ optimal portfolios including consumption and bequest objectives, background income, time horizon, and risk aversion. However, implementation of customised asset allocation models remains a challenge in practice.

Since there is no comprehensive evidence to date on how investment strategies in private wealth management are designed, how client objectives are taken into account and what role the various financial tools play in the investment process, EDHEC-Risk Institute decided to conduct a comprehensive survey of the practices of European private wealth managers. A detailed analysis of the results allows for an assessment of the extent to which the knowledge created through academic research spreads to practice. The results also provide a useful benchmark of European industry practices in private wealth management that may serve as a reference point for wealth managers that wish to compare themselves to their peers.

As well as presenting the results of the EDHEC-Risk Survey of European Private Wealth Management Practices launched in May 2010, this seminar, organised as part of the Ortec Finance "Private Asset-Liability Management" research chair, will include a focus on understanding the application of the Asset-Liability Management (ALM) methodology in Private Wealth Management (PWM). In addition, representatives from Ortec Finance will present Ortec Finance solutions developed for Private ALM for different client segments ranging from retail to private banks.

Conducted by Felix Goltz, Head of Applied Research, and Noël Amenc, Director, EDHEC-Risk Institute, this seminar will be a unique opportunity to discuss the challenges in private wealth management and take a detailed look at the landscape of Private Wealth Management in Europe.



Overview of Solutions from Retail to Private Banking
Ronald Janssen, Managing Director Private Wealth Management, Ortec Finance

The Evolution of Value-Added in Private Wealth Management and the Asset-Liability Management Approach
Noël Amenc, Director, EDHEC-Risk Institute

Presentation: The EDHEC-Risk Survey of European Private Wealth Management Practices
Felix Goltz, Head of Applied Research, EDHEC-Risk Institute
• Challenges in Private Wealth Management: Responding to Client Needs
• The EDHEC-Risk Survey: A Detailed Look at the Landscape of Private Wealth Management in Europe
• Insights for Market Participants: Benchmarking Industry Practices

Event Details
  When   Between 20/04/2011 05:00 PM and 20/04/2011 07:30 PM
Where   EDHEC Risk Institute—Europe, 10 Fleet Place, Ludgate, London, EC4M 7RB, United Kingdom
Contact Details
  Name   Laura Pensato
E-mail   laura.pensato@edhec-risk.com
Phone   +33 493 187 855