Investment advisory relationships: managing client expectations in an uncertain market. (2003 AICPA Marketplace).

In today's uncertain markets, managing a client's expectations is almost as important--perhaps more important--than managing your client's money. Managing a client's expectations involves a combination of honing Honing could refer to

Improving surface finish & geometry using a Hone
the practice of sharpening
Honing, Norfolk

substantive Substantive may refer to:

In grammar:

a noun substantive, now also called simply noun
a verb substantive, a verb like English "be" when expressing existence (in contrast to use as a copula)

In law:

technical expertise, as well as mastering the "people skills" necessary to educate clients and convey convey v. to transfer title (official ownership) to real property (or an interest in real property) from one (grantor) to another (grantee) by a written deed (or an equivalent document such as a judgment of distribution which conveys real property from an estate). realistic expectations. This book presents an introduction to the concept of managing a client's expectations by laying the groundwork for a successful adviser/client relationship.

Find chapters on:

* Establishing the Adviser-Client Relationship

* The Client Communication Cycle

* Designing a Realistic Investment Plan

* Money Managers

* Reporting and Monitoring

* Asset Allocation Asset Allocation

The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. and Modern Portfolio Theory Modern portfolio theory

Principals underlying the analysis and evaluation of rational portfolio choices based on risk return trade-offs and efficient diversification.

modern portfolio theory

See portfolio theory.

* Fees and Compensation: Legal and Practical Issues

* Investments Used to Build Client Portfolios

2003 Paperback
No. 056512DJ01

AICPA Member   $47.00
Nonmember      $58.75

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Author:	Bernstein, Phyllis
Publication:	Journal of Accountancy
Date:	Jan 1, 2003
Words:	119
Previous Article:	AICPA conferences 2003.
Next Article:	Seven principles for effective firm management. (2003 AICPA Marketplace).

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