An ICAPM for Goals-Based Investing.

A goals-based methodology built on an intertemporal CAPM (ICAPM) asset allocation framework provides a goal-relative definition of risk for portfolio selection and risk management, efficient capital allocation to fund goals, and efficient goal-aligned subportfolios that accrue to an efficient total portfolio. It offers an elegant goals-based solution for both high-net-worth investors with significant financial assets and retirement accumulators with significant human capital. [ABSTRACT FROM AUTHOR]