Author: Franklin J. Parker
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How to Not Make Christmas Awkward: a method for cultivating positive dynamics in business families
One of the unique challenges for family businesses is family dynamics, explored by Sasha Lund and Franklin J Parker. They recommend a range of strategies to minimise points of friction, such as educating the next generation, establishing negative space (points of little importance to stakeholders), exploring power dynamics in detail and putting healthy boundaries in…
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Crypto’s Unanswered Question: At What Price?
How do you make buy and sell decisions with cryptoassets? The answer remains elusive.
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The great man fallacy and family governance
When Philip II of Macedon rose to power in 359 BCE, his kingdom was a mess. Macedon had been defeated by the Illyrians, and his eastern flank had been invaded and sacked by the Paeonians and Thracians. Worse, the Athenians had landed on the coast with a would-be usurper to his throne. Over the course…
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RIA of the Future: Rebuilding Your Firm Around Goals-Based Investing (Part 3 of 3)
Wealth management, as an industry, is slow to change. Perhaps some of that is justified – if clients are happy and continue to pay fees, why invest significant time and money in a whole new approach? But clients are not happy, and we all know the business is changing. Fee compression and the long attrition…
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Investing for Life: Why I Believe in Goals-Based Investing (Part 1 of 3)
Never once, in my 15-plus years managing wealth, has someone complained about their portfolio rising too quickly. The inverse, of course, is not true: I’ve fielded plenty of complaints about markets dragging portfolios down. Yet both are examples of volatility, and according to traditional portfolio theory, volatility should be minimized – both on the upside…
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How Goals-Based Investing Actually Works: A Case Study (Part 2 of 3)
The code supplement to a case study in goals-based investing published with CityWire.
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Investing for life: Why I believe in goals-based investing
Goals-based investing is more than a marketing buzzword, in this first of three articles with CityWire, I detail the differences…
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Risk Management for Goals-Based Investors, Some Ideas
Some simple frameworks for risk management in goals-based portfolios.
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Real Markets
A look at markets as they are, not as we wish them to be. Using R we illustrate two points made in Chapter 5 of Goals-Based Portfolio Theory
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Allocating Wealth Through Time – A Goals-Based Method
Goals-based portfolio optimization across multiple periods.
Franklin J. Parker, CFA 