Banach Wealth Management Oct. 18, 2009 Draft Guide Chapter 16
Section VII. Wealth Cycle Management
Chapter 16. Tactical Adjustments to Support Wealth Strategies
Key Points
- Tactics smooth out strategic portfolio return changes
- Tactics change with time horizons and risk tolerances
- Satellite asset tactics must often be more complex
than core asset tactics - Tactics include both change from and return to
strategic wealth allocations and cash flows - Tax management tactics smooth out returns