Emotional Assets are an integral part of wealth management and wealth planning. However, private banks and wealth managers have tended to exclude these assets from their asset allocation and portfolio management services or have relegated them to non-core items in some ‘art advisory’ backwater of the organisation.
Integrated Wealth Planning
At EAMR, we believe in the integrated wealth planning approach where due consideration and focus is placed on the client’s lifestyle and cash flow requirements, entrepreneurial and business goals, inheritance and dynastic goals, philanthropic goals, risk tolerance and the client’s emotional and behavioural biases and traits.
Objectives Based Portfolios
Emotional Assets tend not to fit well within traditional asset allocation frameworks. Objectives based and goal based portfolios better reflect the way in which wealthy individuals think about their wealth. Due to the long term nature of Emotional Assets, they are ideally suited to objectives based asset allocation approaches. Thus, the decision to allocate to Emotional Assets must be taken with an implicit understanding of what Emotional Assets can bring to a portfolio.
Independent and Objective Advice
By bringing experts from the fields of investment management and Emotional Assets together, EAMR is a ‘one-stop shop’ for advice on Emotional Assets and how they can be integrated into a broad wealth plan. As the value of these Emotional Assets continue to escalate in aggregate, wealthy clients will need help to navigate and understand this complex and unique asset.
To find out more about our Wealth Planning Strategies, please contact us at:
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
