| he Comprehensive Wealth Management Doctrine is an invitation to Financial advisors to adopt a new framework for advising clients. It focuses on detailed intention to the overall goals and the changing needs of the client in determining investment solutions and savings plans, li is intended to replace the popular Asset Allocation Policy Doctrine (APP Doctrine), which supports passive asset allocation and disconnects invest¬ment management and financial planning. In recent years, asset allocation has been reduced to establishing a policy of allocation to stocks, bonds and cash, and sticking with it regardless of economic developments and changing asset class investment opportunities. |