Merrill Lynch Wealth Management, a unit of Bank of America, has collaborated with France’s EDHEC Business School to develop new research on risk allocation and goals based investing.
Under the partnership, Merrill Lynch’s Investment Management and Guidance group and the EDHEC-Risk Institute will research on risk allocation and goals-based wealth management.
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Both the partners intend to deliver an advanced mathematical approach to investing for goals including capital preservation, retirement income, maintenance of minimum wealth levels and preferences regarding risk and liquidity, through the research.
On behalf of Merrill Lynch, Anil Suri – the head of portfolio construction and investment analytics for Investment Management and Guidance – will lead the initiative.
Commenting on the deal, Ashvin Chhabra, CIO for Merrill Lynch Wealth Management and head of Investment Management and Guidance, said he was delighted with the collaboration.
"This research is fundamental to delivering a client-centric, goals-based approach to investing," Chhabra added.
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