Glossary
- Asset allocation
- Unbiased investment advice
- Private wealth manager
- Private Investment Office (PIO)
- Philanthropy
- Outsourced Chief Investment Officer
- Multi-generational wealth management
- Multi-Family Office (MFO)
- Manager of Managers
- Investment stewardship
- Investment management selection
- Institutional investment office
- Funds of funds
- Family office investments
- Family Investment Office
- Family Office
- Charitable endowment
- Wealth stewardship
Asset allocation
The process whereby the diversification inherent in a portfolio of asset classes is designed for a client. It is often called strategic asset allocation because the portfolio design aims to achieve some absolute return target over a longish investment period – typically 5 years.
Lord North Street believes that asset allocation is an even more important driver of investment returns than manager selection, and the most important determinant of portfolio volatility.