Investment Planning : Tha Adviser's Guides

This definitive guide for investment advisers is unique in explaining both the theory and practice of investment planning in the context of advising clients.

Focused on enabling advisers to construct portfolios for clients using contemporary 'best practice' methods, the new updated third edition takes into account recent and forthcoming changes in the economic and regulatory environment. Investment Planning 2012/13 gives an overview of investment markets and long-term investment returns, examines recent changes in capital markets and puts investing in its economic and planning contexts.

It explains the theory of capital markets and investment as taught for professional investment qualifications, particularly the analysis of diversification and risk, and points up the areas where this theory is being questioned and adapted by practitioners. Providing an overview of tax 'wrappers' and the types of collective and packaged investments available in the UK, the book enables advisers to combine them effectively in client portfolios. All these elements are brought together in a substantial section on the process of client advice, setting out the factors that must be included to produce a robust outcome that will maximise results for clients while building long-lasting relationships.

There is an optimal sequence of steps for the adviser to follow, incorporating the latest insights in behavioural finance and psychometric profiling. The book's style is clear and approachable, explaining important technical issues without being dominated by technical jargon.