Goals-Based Wealth Management & Applications to Retirement Investing

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Presentation of the Partner

Bank of America Merrill Lynch

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers, including approximately 2,800 lending centers, 2,600 financial centers with a Consumer Investment Financial Solutions Advisor and 2,000 business centers; approximately 16,800 ATMs; and award winning digital banking with approximately 38 million active users, including approximately 29 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.


Presentation of the Partnership


Building upon fundamental research related to risk allocation and goals-based wealth management conducted in prior years, EDHEC-Risk Institute is collaborating with Bank of America to develop new research on goals-based investing for the construction of retirement investment solutions for individuals.

The aim of the research is to develop a holistic goal-based investing framework for analyzing optimal retirement investing decisions for individuals in the transition or de-accumulation phase of their investment lifecycle, by using a broad range of investment product categories including stocks, bonds as well as annuity-related products.

The research chair will involve a team led by Prof. Lionel Martellini, Director of EDHEC-Risk Institute, with Jean-Michel Maeso, Senior Research Engineer. 


Research Outputs:

Expected publication Summer 2020.