According to Credit Suisse, the Global Asset Allocation Framework will create the foundation for target portfolios, providing relationship managers with a scalable resource to create client proposals.
Private Banking views and recommendations will ultimately provide clients with consistent long- and mid-term investment opinions and guidance delivered in a structured framework and process.
The time horizons of the new Global Asset Allocation Framework will be as follows:
- Long-term (3 – 7 years): The Benchmark Asset Allocation (BAA) will reflect investment objectives within the selected risk budget over a full market cycle.
- Mid-term (6 – 12+ months): The Strategic Asset Allocation (SAA) expresses views resulting in temporary deviations from the BAA in seeking to generate excess returns or reduce risk.
Credit Suisse managing director and head of the Client Advisory Group for Private Banking Americas Stewart Brenner said they are confident that the new Global Asset Allocation Framework will allow their Relationship Managers and thereby their ultra-high net worth clients and their families to benefit from consistent investment insights and a competitive, disciplined and transparent investment decision process.
