%0 Journal Article %A William W. Jennings %A Brian C. Payne %A Thomas C. O'Malley %A Courtney Adams %T Practical Applications of Five Tools for Wealth Managers %D 2017 %R 10.3905/pa.2017.4.4.218 %J Practical Applications %P 1-5 %V 4 %N 4 %X Five Tools for Wealth Managers William W. Jennings Brian C. Payne Thomas C. O'Malley Overview Not every private wealth manager has the quantitative expertise to fine-tune the calculations on which they base their portfolio management decisions. William Jennings, Brian Payne, and Thomas O'Malley believe that these financial professionals, working primarily with high-net-worth individuals and families, should incorporate the tools of mathematics and statistics into their practice.In Five Tools for Wealth Managers , the authors sifted through the literature for their favorite quantitative tools and provide easy-to-use Excel functions related to 1) forecasting returns, 2) dealing with inflation, 3) portfolio diversification, 4) understand return gaps and 5) estimating the “risk of ruin.”TOPICS: Wealth management, quantitative methods %U https://pa.pm-research.com/content/iijpracapp/4/4/1.9.full.pdf