Wealth Management : Private Banking, Investment Decisions, and Structured Financial Products

391 p.

Description based upon print version of record

Cover; Contents; Preface; Private banking; Private banking defined; Introduction; Private banking clients; Organizational challenges in private banking; Security and secrecy requirements; A private banking roadmap; Household debt and private banking; The ownership society's recycling pattern; Synergy of private banking and institutional investments; Know your customer and his or her profile; Introduction; The sense of 'know your customer'; A system approach to wealth management; Wealth management according to client profile; Why knowledge engineering can assist the investor

A financial advisory expert system for currency exchangeCaveat emptor and reputational risk; Who is accountable for failures in fund management?; Business opportunity: fees and commissions from private banking; Introduction; Trades, investments and private banking customers; Establishing a strategy for fees and commissions; Unbundling the management fee; Different companies have different private banking aims; Performance and remuneration of investment managers; Simulation of portfolio performance; The impact of business risk; Risk and return with investments; Introduction

Basic notions of risk assessmentMitigating the risk of losses; Prerequisites for rigorous risk control; Fine-tuning the philosophy of investments; Risk and return with implied volatility; Risk-adjusted pricing: an example with credit risk; An introduction to stress testing; Asset management; Asset management defined; Introduction; Asset management and capital mobility; Asset allocation strategies; Asset allocation and the shift in economic activity; Real estate property derivatives: a case study; Passive and active investment strategies; A critical view of alternative solutions

The portfolio's intrinsic valueBusiness models for asset management; Introduction; Choosing the investment manager; Don't kill the goose that lays the golden egg; The contribution to asset management by contrarians; Asset management as an enterprise; Hedging strategies followed by portfolio managers; Deliverables and performance in administration of assets; Past performance is no prognosticator of future results; Outsourcing and insourcing wealth management; Introduction; Risk and return with outsourcing; Internal control and security are not negotiable

Custody only, mid-way solutions and discretionary powersBuilding up the investor's portfolio; The option model of investing; Efficiency in private banking and asset management; The private banking profit centre; Trust duties and legal risk; Introduction; Trusts and trustee responsibilities; Legal risk and the case of tort; Reasons behind legal risk and cost of litigation; Legal risk and management risk correlate; Mishandling the client: small cases that can lead to legal risk; Big cases of legal risk: high-tech crime and identity theft; Merck and Co.: legal risk with Vioxx

Derivative financial instruments, structured products and risk control

This book has two themes: Private Banking and investment decisions regarding Structural Financial Products. Dr. Dimitris Chorafas examines in a rigorous way whether structured financial products are advisable investments for retail and institutional investors and, if yes, which risks they entail. As our society becomes increasingly affluent, and state-supported pension schemes find it difficult to survive, a growing number of high net-worth individuals, and families, have become retail investors - looking for ways and means to optimize wealth management, and Private Banking deals with these so

ECONIS - Online Catalogue of the ZBW