For investment clients, counsel the desired return objective

04/27/2013 | AdvisorOne

Return objectives for a portfolio should be based on the individual client's needs, rather than the higher, comparison-driven targets of most portfolios, according to a Vanguard research paper. "Investment plans based on desired return, if higher than the required return, can unnecessarily increase the short-run volatility in the portfolio's value, which may be more than some investors are able to bear," write the paper's authors.

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