Start with liabilities
Define liquidity, lifestyle, legacy and opportunity pools before selecting investments.
PORTFOLIO
Advanced allocation
Larger portfolios add concentration, tax, liquidity, sequence, and opportunity-capital problems.
Price concentration risk
Set risk, tax and time-horizon rules independently for each pool.
Demand a job from complexity
Consolidate overlapping managers and products unless the added complexity has a measurable job.
FLIGHT CHECK
Questions before acting.
Liquidity tiers
Concentrated assets
Tax basis
Rebalancing rules
Private commitments
PRIMARY REFERENCE
Investor.gov asset allocation and diversification↗THE ACTUAL SOLUTION
Leave with a decision—not another article.
Define liquidity, lifestyle, legacy and opportunity pools before selecting investments.
Set risk, tax and time-horizon rules independently for each pool.
Consolidate overlapping managers and products unless the added complexity has a measurable job.
Assign an owner, review date, trigger, and written decision rule so complexity remains coordinated.
Assign the next available dollars
OPEN →YOU ARE DONE WHENEvery pool has a mandate, benchmark, tax location and rebalancing rule.
OPTIONAL DEEP DIVES