You are a managing partner of a prestigious investment counseling firm that spec
ID: 2627769 • Letter: Y
Question
You are a managing partner of a prestigious investment counseling firm that specializes in individual rather than institutional accounts. The firm has developed a national reputation for its ability to blend modern portfolio theory and traditional portfolio methods. You have written a number of articles on portfolio management and you are considered an authority on the subject of establishing investment policies and programs for individual clients tailored to their particular circumstances and needs.
Dr. and Mrs. A.J. Mason have been referred to your firm and to you in particular. At your first meeting on August 1, 2012, Dr. Mason explained that he is an electrical engineer and long-time professor at a local university. He is also an inventor and, after 30 years of teaching, the right to one of his patented inventions has just been acquired by a new electronics company, ACS, Inc.
In anticipation of the potential value of his invention, Dr. Mason has followed his accountant
Explanation / Answer
The investment objectives of the Masons should be expressed in terms of return and risk. These return and risk preferences should be portrayed in terms of the Mason
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