Duncan Rolph, a speaker at the marcus evans Private Wealth Management Summit Fall 2012, shares asset allocation strategies. Interview with: Duncan Rolph, Partner, Miracle Mile Advisors

1. Why Investors Should Focus on
Dynamic Asset Allocation
How should asset allocation market conditions. That is a very simple
strategies change with different but powerful benefit. They are also
market cycles? completely transparent. Investors need
to know what they are getting
Historically, investors have had a static themselves into, but with hedge funds
approach with asset allocation. They they do not know what they have
would create an allocation for a client invested in until they look back 30 or 60
and use it over multiple years and days.
market cycles. This line of thought has
been called into question since 2008. ETFs are also tax efficient and fee
With large swings in volatility that may efficient vehicles and tend to be much
span several years, the timing has less expensive than their actively
becomes substantially more important managed counterparts. They have also
Interview with: Duncan Rolph, to long-term results. Private wealth have performed exceptionally better
Partner, Miracle Mile Advisors managers have to focus on creating an with less than 30 per cent of the
allocation that is dynamic, and that can portfolio managers in the S&P 1500
change with market conditions and outperforming the index over the past
To protect and maximize wealth, client objectives. three years. I expect that trend to
private wealth managers should continue in the post-2008 environment.
focus on asset allocation, as results Investors are struggling to understand
are primarily driven by that and not by how to invest in what has become a
manager performance, advised Duncan very uncertain market. Capital markets
Rolph, Partner, Miracle Mile Advisors. have really globalized, which can upend
Dynamic asset allocation that can certain asset classes very quickly. On
change with market conditions and
client objectives is what works best in a
volatile environment, he added.
top of that, the availability of
investment vehicles has multiplied
exponentially, making their jobs a lot
The largest
contributor
more difficult. Many advisers have also
A speaker at the upcoming marcus rel ie d h eav ily on mor e il l iqu i d
evans Private Wealth Management investments such as private equity,
to
Summit Fall 2012, in Las Vegas, hedge funds, and real estate that have
Nevada, December 2-4, Rolph shares simply failed to perform in recent years
his thoughts on dynamic asset allocation as macro events have driven markets.
and how to invest in the current market
environment.
What are investment results driven
Fees are also becoming more important
in today's lower return environment and
can account for a large chunk of a
long-term
by? How can private wealth
managers maximize returns for
clients?
client’s expected returns which means
advisers must take more risk to achieve
a similar net return to an indexed
results
is asset
portfolio.
The largest contributor to long-term
results is asset allocation and in a more Why do Exchange Traded Funds
allocation
volatile environment, it should be (ETFs) and Index Funds make more
dynamic. An investment portfolio sense in this environment? What
should be a work in progress that value do they add to a portfolio?
constantly seeks to optimize risk and
return within the framework of an ETFs have many benefits. Unlike hedge
individual’s or family’s investment funds or private equity funds, they are
objectives. more liquid and can be more reactive to

2. About the Private Wealth Management Summit Fall 2012
The Investment Network –
This unique forum will take place at the Red Rock Casino, Resort & Spa, Las Vegas,
marcus evans Summits group
Nevada, December 2-4, 2012. Offering much more than any conference, exhibition
delivers peer-to-peer information
or trade show, this exclusive meeting will bring together esteemed industry thought
on strategic matters, professional
leaders and solution providers to a highly focused and interactive networking event.
trends and breakthrough
The Summit includes presentations on the global economic outlook, family
innovations.
governance structures, sustainable wealth management and succession planning.
www.privatewealthsummit.com
Contact
Please note that the Summit is a
Sarin Kouyoumdjian-Gurunlian, Press Manager, marcus evans, Summits
closed business event and the
Division
number of participants strictly
limited. Tel: + 357 22 849 313
Email: press@marcusevanscy.com
For more information please send an email to info@marcusevanscy.com
All rights reserved. The above content may be republished or reproduced. Kindly
inform us by sending an email to press@marcusevanscy.com
About marcus evans Summits
marcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discuss
strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to
individually tailor their schedules of keynote presentations, think tanks, seminars and one-on-one business meetings.
For more information, please visit: www.marcusevans.com
Upcoming Events
European Pensions & Investments Summit - www.epi-summit.com
Latin Investors Summit - www.latininvestorssummit.com
To view the web version of this interview, please click here: www.privatewealthsummit.com/DuncanRolph