Professional Documents
Culture Documents
During the construction of a bridge in ancient Rome, the engineers had to stand below it
when the scaffolding came off. Putting their lives at risk, the engineers left no room for error.
The engineers ensured that the bridge's load carrying capacity was much higher than the
actual or expected loads to design for safety and longevity. They thus built a higher margin of
safety into their construction.
What does it mean to have your own money invested where your client's money is?
Financial advisors are charged with choosing the best investments for their clients. Once the
advisor creates a client' risk profile' and ascertains the client's goals, the asset selection
process begins. Most advisors or advisory firms have various predetermined "client
portfolios," also known as "model portfolios." These client portfolios are based upon the
firm's investment policy and strategy; they are then integrated with individual clients'
particular needs.