09/08/2022
Business Wire

GMO Launches Nebo, an Innovative Asset Management Platform for RIAs

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Nebo (for Needs-Based Optimization) bridges the gap between financial planning and asset management, helping advisors ensure clients have the financial resources they need to achieve their goals.
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Scott Hayward

GMO Chief Executive Officer

“The launch of Nebo marks an important next chapter in deepening our relationships with RIAs through investment-led solutions. In recent years we have expanded advisors’ access to GMO strategies by making more GMO funds available on custodial platforms. The introduction of Nebo’s novel approach will help advisors improve their clients’ financial well-being and achieve their financial goals.”

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GMO has launched a new product called Nebo, Needs-Based Optimization, and what that does is bridges the gap between the financial plan and portfolio construction. They've got some amazing analytics, algorithm approach, a little behavioral finance sprinkled on top, to make it a really compelling way to integrate what advisors do from a workflow point of view from taking the financial planning recommendations and then making that into the actual portfolio itself.

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bobveres.com - Inside Information - Nebo makes a splash at T3

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The 2023 T3 attendees were witnessing the birth of a new fintech category ... advent of portfolio design software ... a missing ingredient at the heart of the tech stack. Nebo is a portfolio design engine that fills an important gap in the fintech space: the portfolio design toolkit that sits between planning and asset management ... colonizing exactly the missing patch of ground.

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MarketWatch
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GMO Launches Nebo, an Innovative Asset Management Platform for RIAs

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Nebo (for Needs-Based Optimization) bridges the gap between financial planning and asset management, helping advisors ensure clients have the financial resources they need to achieve their goals. Nebo is a new, technology-driven asset allocation and portfolio management platform for Registered Investment Advisors (RIAs) that streamlines and automates the process for delivering custom and personalized portfolios to their clients.

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Standard financial industry practice builds retirement portfolios using mean variance optimization and validates them using Monte Carlo simulations that assume asset returns are a random walk. To put a finer, more brutal, point on it, managers construct portfolios using anachronistic technology from 1952 and then have the temerity to check the results using assumptions from 1970. The unsurprising result of a process stuck over 50 years in the past is portfolios that burden future retirees with an unnecessarily high risk of financial ruin. As one of us points out relentlessly, risk isn't a number, rather it is a notion or a concept. In the past, we have talked about the permanent impairment of capital as being the true risk you want to avoid. We have also highlighted the three paths that can lead to this outcome: Valuation risk. Buying an asset that is expensive means that you are reliant upon

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