Needs-Based Allocation: A New Platform for Portfolio Construction – One Year Later

Martin Tarlie

Andy Finnegan

Matt Kadnar

46:00 minutes

Risk is often defined as 'volatility,' but it is more aptly defined as 'not having what you need when you need it.' GMO's Needs-Based Allocation platform, “Nebo,” allows financial advisors to build portfolios that minimize this risk. Matt Kadnar and Martin Tarlie explain this framework, and how it differs from other more traditional measures of risk and walk you through a real-life case study for a high-net-worth client.

Ben Inker

James Montier

Martin Tarlie

36:17 minutes

In this webcast, Ben Inker, James Montier, and Martin Tarlie discuss the genesis of their latest whitepaper.

Matt Kadnar

James Montier

Martin Tarlie

31:01 minutes

In this webcast, James Montier and Martin Tarlie discussed the genesis of their latest White Paper, “Investing for Retirement II: Modelling Your Assets – Are Financial Planners Stuck in the 1970s?” We believe an approach to retirement investing that better models and understands how financial markets differ from the outdated academic assumptions of market efficiency and random walks will result in substantially superior portfolios.

Martin Tarlie

6:16 minutes

Martin Tarlie demonstrates how the science underpinning Nebo helps advisory firms generate better portfolios for their clients.

Martin Tarlie

30:00 minutes

At the 2020 GMO Fall Conference, Martin Tarlie redefined risk more intuitively as “What do you need and when do you need it?” and demonstrated our first application of this concept, Nebo, which builds customized portfolios that minimize the risk of falling short of what you need when you need it. Nebo is a flexible, open-architecture platform that financial advisors can use to build customized portfolios for each client by combining GMO, third-party and their market views.

Martin Tarlie

Andy Finnegan

44:58 minutes

At the 2019 GMO Fall Conference, Martin Tarlie reveals how you can manage for better outcomes (in expectation) by “asking the right question” and “moving your assets.” Also, he demonstrates a GMO-built tool (early stage!) to help you understand the trade-offs between short-term safety and long-term compounding of wealth, among other things.

Martin Tarlie

Matt Kadnar

46:07 minutes

At the 2018 GMO Fall Conference, Matt Kadnar and Martin Tarlie frame the retirement problem around a simple question: What do you need and when do you need it? They discuss the importance of a flexible framework and the significant impact that mean reversion has on expected returns for a portfolio.