Merrill Lynch and EDHEC combine to advance goals-based wealth management

24 March 2014   Category: News, Asia, Global   By Asia Asset Management

Merrill Lynch Wealth Management is teaming up with France’s EDHEC Business School to develop new research on risk allocation and goals based investing, the organisations announced on March 21.

The initiative involves the pursuit of fundamental research on risk allocation and goals-based wealth management through a collaboration between Merrill Lynch’s investment management and guidance group and the EDHEC-Risk Institute.

The aim of the research project is to deliver a mathematically rigorous approach to investing for goals such as capital preservation, retirement income, maintenance of minimum wealth levels and preferences regarding risk and liquidity, according to Professor Lionel Martellini, scientific director of EDHEC-Risk Institute, who will lead its participation in the partnership.

“We are delighted to be able to work on the industry-relevant and intellectually stimulating subject of risk and goal allocation, thanks to our collaboration with Merrill Lynch on this research chair,” said Professor Martellini, who is based in Nice, France.

The leader of the initiative for Merrill Lynch is Anil Suri, head of Portfolio Construction and Investment Analytics for Investment Management and Guidance.

Ashvin Chhabra, chief investment officer for Merrill Lynch Wealth Management and head of investment management and guidance, said he was delighted with the collaboration. “This research is fundamental to delivering a client-centric, goals-based approach to investing,” he said.