The Financial Advisor's Analytical Toolbox: Using Technology to Optimize Client Solutions

The Financial Advisor's Analytical Toolbox: Using Technology to Optimize Client Solutions

by Ed McCarthy
     
 

The analysis performed by financial advisors to generate rational advice for their clients has often been more art than science. In part,this stemmed from the absence of accessible analytical tools. In the current technological environment,software tools such as simulations,optimization,and forecasting have become readily available,inexpensive,and easy to use. …  See more details below

Overview

The analysis performed by financial advisors to generate rational advice for their clients has often been more art than science. In part,this stemmed from the absence of accessible analytical tools. In the current technological environment,software tools such as simulations,optimization,and forecasting have become readily available,inexpensive,and easy to use. Author Ed McCarthy argues convincingly that understanding and applying the analytical tools available will help financial advisors provide better advice to their clients,improve efficiency,and expand services,and he show precisely how this can be accomplished. The Financial Advisor's Analytical Toolbox covers: A range of analytical tools,including expert systems,decision trees,simulation,fuzzy numbers,forecasting,artificial neural networks,optimization,spreadsheet tools,and modeling tools; Situations in which the use of each tool is warranted and desirable; How the tools are applied to enhance analysis for clients.

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Editorial Reviews

Booknews
Provides effective analytical techniques for financial advisors, to ensure client satisfaction and confidence. Focuses on practical, PC- based analytical tools intended for real world problem solving. Protects advisors from the possibility of faulty analysis, while improving efficiency. Covers everything from fuzzy numbers to spreadsheets and forecasting, including chapters on decision analysis, simulation, and modeling tools. Annotation c. by Book News, Inc., Portland, Or.

Product Details

ISBN-13:
9780786310524
Publisher:
McGraw-Hill School Education Group
Publication date:
02/01/1997
Series:
The Irwin/IAFP Series in Financial Planning
Pages:
336
Product dimensions:
6.16(w) x 9.24(h) x 1.22(d)

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