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Asset Liability Management: Ur privatpersonens perspektiv: Ta kontroll över din ekonomiska framtid
Linköping University, Department of Management and Engineering, Business Administration. Linköping University, Faculty of Arts and Sciences.
Linköping University, Department of Management and Engineering, Business Administration. Linköping University, Faculty of Arts and Sciences.
2017 (Swedish)Independent thesis Advanced level (degree of Master (One Year)), 20 credits / 30 HE creditsStudent thesisAlternative title
Asset Liability Management: From the individual's perspective : Take control of your financial future (English)
Abstract [sv]

BAKGRUND: Samtidigt som företag och finansiella institutioner idag har utvecklat avancerade Asset Liability Management-verktyg för att proaktivt hantera sina risker och planera framtida kassaflöden, så baseras dagens privatekonomiska rådgivning fortfarande på traditionella tillgångsallokeringsstrategier och enkla tumregler. Tidigare forskning menar på att liknande ALM-verktyg skulle kunna generera mervärde även för privatpersoner om de implementerades i praktiken, men vad de privata spararna själv tycker i frågan är hitintills outforskat. Trots detta kvarstår faktum att endast om privatpersonen själv ställer sig positiv till verktyget kan teori med fördel implementeras i praktiken.

SYFTE: Studiens syfte är att undersöka och analysera den privata spararens inställning och kapacitet att ta till sig rådgivning baserat på ALM, och se om ett ALM-verktyg kan skapa mervärde i den privatekonomiska rådgivningen.

GENOMFÖRANDE: Studien har utförts genom kvalitativa intervjuer med 10 privatpersoner. Författarna har skapat scenarier för en fiktiv person, där en ALM-analys visuellt har presenterats under intervjuerna. Genom att ställa frågor kopplade till scenarier har studien kunnat analysera privatpersonens vilja till att delge och förstå den information en ALM-analys genererar, samt dess inställning till att proaktivt planera sin ekonomiska framtid.

SLUTSATS: Studien visar att ALM största mervärdesskapande för den privata spararen återfinns i privatpersonens intresse för att visualisera sin ekonomi. En bristande riskförståelse i kombination med en tydlig avsaknad av ekonomiska ambitioner hos den privata spararen försvagar dock verktygets användningsområde. Vidare behöver ALM-verktyget övervinna flertalet begränsat rationella beteenden och förtroendeaspekter för att skapa mervärde ur en privatpersons perspektiv.

Abstract [en]

BACKGROUND: Companies and financial institutions have developed advanced tools based on the theories of Asset Liability Management with purpose to proactively manage risks and plan future cash flows. At the same time, private financial advising of today is still based on traditional asset allocation methodologies and rules of thumbs. Previous research concludes that similar ALM-tools could add value for private investors in the financial advising, but the private investors’ perspective in the matter is still unexplored. The fact remains that only if the private investors are convinced that ALM can add value, can a tool with theoretical advantages be successfully implemented in practice.

AIM: The aim of this thesis is to test and analyze the individual investors’ attitude and capacity to understand private financial advising based on ALM as methodology, and analyze whether an ALM tool adds value in private financial advising.

COMPLETION: The thesis has been conducted by ten individual interviews in a qualitative manner. The authors have created a fictitious ALM-analysis that has been presented for all of the respondents. By asking questions connected to scenarios, the study have been able to analyze the individuals’ attitude to share and receive personal information, as well as their attitude to proactively plan their financial future.

CONCLUSION: The study concludes that the biggest value-creating aspect of ALM is that individuals show a great interest in visualizing their own financial future. However, a financial illiteracy in combination with a lack of clear-cut financial ambitions, weakens the ALM-tools area of use for the individual. Furthermore, ALM need to overcome barriers in individuals limited rational behavior and simultaneously create a strong trust to maximize the value-creation for the individual.

Place, publisher, year, edition, pages
2017. , p. 74
Keywords [en]
Asset Liability Management, private wealth management, personal finance
Keywords [sv]
Asset Liability Management, privatekonomiskt sparande, ekonomisk rådgivning
National Category
Business Administration
Identifiers
URN: urn:nbn:se:liu:diva-138801ISRN: LIU-IEI-FIL-A--17/02522--SEOAI: oai:DiVA.org:liu-138801DiVA, id: diva2:1114635
Subject / course
Master Thesis in Business and Economics Programme (Business Administration)
Supervisors
Examiners
Available from: 2017-08-18 Created: 2017-06-25 Last updated: 2017-08-18Bibliographically approved

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Citation style
  • apa
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