A Wealth of Common Sense

JANUARY 7, 2025

The first asset allocation quilt I created for this site covered the ten-year period from 2005-2014. Those returns look nothing like the last 10 years which is the whole point of this exercise. Here’s the latest quilt: Some observations: Inflation outperformed TIPS.The average inflation rate over the past 10 years was around 2.9%

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Nerd's Eye View

NOVEMBER 15, 2024

Also in industry news this week: NASAA has proposed an amendment to its broker-dealer conduct model rule that would restrict the use of the terms “advisor” and “adviser” for broker-dealers and their registered representatives who are not also investment advisers or investment adviser representatives A recent study suggests that (..)

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A Wealth of Common Sense

SEPTEMBER 5, 2023

I’m generally not a fan of completely rethinking your asset allocation just because you wish you would have invested in something else with the benefit of hindsight. Fighting the last war can be a damaging strategy if you’re constantly investing in the rearview mirror based strictly on performance.

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The Big Picture

APRIL 4, 2025

Previously, she was CEO and chairman at Sanford Bernstein, CIO at Merrill Lynch Asset Management, and now CIO at both Morgan Stanley Wealth Management and runs their asset allocation models and their outsourced chief investment officer models.

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Asset Allocation Wealth Management Assets Retail 143

Nerd's Eye View

JANUARY 24, 2025

Nonetheless, given the scale and brand awareness of the wirehouses, and as their own use of fee-based models increases (as opposed to primarily relying on commissions from selling products), competition for clients (and advisors) will likely remain stiff going forward, even amidst the favorable trends for RIAs Also in industry news this week: A recent (..)

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Wealth Management

SEPTEMBER 30, 2024

Fidelity's Mike Scarsciotti discusses the growing popularity of ETFs, the resurgence of active management and the evolving approaches to asset allocation.

Wealth Management 283

Wealth Management Asset Allocation Management Retail 283

Nerd's Eye View

JANUARY 9, 2025

On the other hand, the term "financial advice" often refers to much more than asset allocation and wealth management. On one hand, a client's willingness to pay an ongoing fee for financial advice suggests that they find the advisor's services worthwhile.

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A Wealth of Common Sense

APRIL 13, 2023

A reader asks: I’m a 30 year old living in Brooklyn making $175/year. I’m currently maxing out my 401k, Roth IRA, and have roughly $45k in a taxable brokerage account. Via my company’s ESOP, my company’s stock has become 20% of my brokerage account even after selling a good chunk steadily over the past several years.

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Abnormal Returns

FEBRUARY 18, 2025

herbgreenberg.com) A round-up of recent research papers on asset allocation including 'Asset Allocation Mandates and Price Reactions to New Information.' Quant stuff Some financial-focused AI tools worth checking out. capitalspectator.com) Some recent academic papers including 'The Cross-Section of Corporate Bond Returns.'

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Asset Allocation Assets Marketing Marketing 144

Wealth Management

JANUARY 22, 2024

The new platform is meant to help advisors achieve portfolio personalization at scale, and bridge an industry gap between financial planning and asset allocation.

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Asset Allocation Financial Planning Portfolio Assets 297

Wealth Management

MAY 19, 2023

Education on key asset allocation strategies is necessary to get clients ready for their golden years.

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Clients Asset Allocation Retirement Education 284

Wealth Management

SEPTEMBER 30, 2024

Fidelity's Mike Scarsciotti discusses the growing popularity of ETFs, the resurgence of active management and the evolving approaches to asset allocation.

Wealth Management 261

Wealth Management Asset Allocation Management Retail 261

Wealth Management

SEPTEMBER 30, 2024

Fidelity's Mike Scarsciotti discusses the growing popularity of ETFs, the resurgence of active management and the evolving approaches to asset allocation.

Wealth Management 261

Wealth Management Asset Allocation Management Portfolio 261

The Big Picture

JUNE 27, 2025

Be sure to check out our Masters in Business next week with Kate Moore , Chief Investment Officer of Citi Wealth ; responsible for overseeing investments, portfolio strategy and asset allocation for the trillion dollars Citi Wealth manages.

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Investing Investments Asset Allocation Wealth Management 130

Wealth Management

DECEMBER 11, 2023

Nick Zamparelli, CIO at Sequoia Financial Group, breaks down his asset allocation for the $15 billion RIA’s 50/50 model portfolio.

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Asset Allocation Portfolio Assets 274

Advisor Perspectives

JUNE 16, 2025

Just one day after Prime Minister Shigeru Ishiba likened Japan’s debt situation to that of Greece, the country faced its weakest demand for 20-year bonds since 2012.

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Asset Allocation Assets 52

Wealth Management

MARCH 28, 2023

A look at how financial advisors should go about incorporating hedging in their asset allocations.

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Asset Allocation Financial Advisor Assets 261

Abnormal Returns

JUNE 12, 2024

podcasts.apple.com) Asset allocation Small asset allocation shifts don't matter much in the long run. awealthofcommonsense.com) Why asset allocation matters. (podcast.moneywithkatie.com) Thomas Kopelman and Jacob Turner talk about finding your enough.

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Asset Allocation Financial Advisor Estate Planning Retirement 261

Abnormal Returns

FEBRUARY 26, 2025

tonyisola.com) Age is just one factor when it comes to your asset allocation. (whitecoatinvestor.com) Carl Richards talks minimalism, wealth and happiness with Joshua Becker. podcasts.apple.com) Investing Targeted apathy as an investment philosophy. ofdollarsanddata.com) Invest time in your life, not in managing your portfolio.

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Asset Allocation Retirement Financial Planning Accounting 157

Wealth Management

MAY 22, 2023

The search for returns has led clients to ask advisors to put capital into other resources and shifted asset allocations.

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Asset Allocation Assets Clients 261

Abnormal Returns

NOVEMBER 5, 2023

humbledollar.com) There's nothing magic about asset allocation. Top clicks this week Six lessons from William Bernstein's "The Four Pillars of Investing." humbledollar.com) Be wary shifting too much of your money into bonds. obliviousinvestor.com) Money market returns look good.almost too good.

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Asset Allocation Sales Assets Investing 301

Abnormal Returns

DECEMBER 10, 2023

awealthofcommonsense.com) There are a lot of different asset allocations you can live with. (tker.co) The more room you can put between yourself and your investments, the better. yield-to-maturity.beehiiv.com) It's easy to load up on cash, harder to put it to work. humbledollar.com) Why investors are attracted to low probability games.

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Asset Allocation Assets Investing Investments 300

Abnormal Returns

OCTOBER 1, 2024

blogs.cfainstitute.org) A round-up of the past month's white papers including 'Broad Strategic Asset Allocation.' Foerster’s new book "Trailblazers, Heroes, and Crooks: Stories to Make You a Smarter Investor." bpsandpieces.com)

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Asset Allocation Assets Management Planning 284

Abnormal Returns

NOVEMBER 19, 2023

ritholtz.com) What it going to happen to all those assets in money market fund when yields eventually fall? awealthofcommonsense.com) Why asset allocators usually fail when it comes to manager selection. (blog.validea.com) Some behavioral hacks to prevent you from blowing up your portfolio.

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Asset Allocation Assets Portfolio Management 298

Abnormal Returns

AUGUST 21, 2023

Asset allocation Asset allocation is not a science. obliviousinvestor.com) Diversification reduces the risk of adverse outcomes. barrons.com) Strategy Everyone and everything ends up underperforming at some point. awealthofcommonsense.com) Brett Steenbarger, "Over time, unique returns cannot come from consensus thinking."

Asset Allocation 246

Asset Allocation Financial Advising Media Assets 246

Nerd's Eye View

JUNE 24, 2025

And be certain to listen to the end, where Griffin shares how he segments clients based on complexity and the number of meetings and other touchpoints they need during the year (which doesn't necessarily line up directly with the investible assets they bring to the firm), how Griffin leverages third-party investment managers to save time on investment (..)

Tax Planning 130

Tax Planning Financial Advisor Asset Allocation Clients 130

Abnormal Returns

JULY 30, 2024

Asset allocation Bonds have some yield now, but that doesn't mean they are the best portfolio diversifier. man.com) Risk parity is a solution in search of a problem. rogersplanning.blogspot.com) Crowding How crowding affects active investment returns. alphaarchitect.com) How fund flows can drive stock returns.

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Asset Allocation Portfolio Assets Investing 255

The Big Picture

SEPTEMBER 28, 2022

What is in your control : Your Portfolio : You want to create something robust enough to withstand drawdowns and recessions; not necessarily the best possible set of assets but the ones you can live with day in and day out. This includes a broad Asset Allocation including full Diversification of asset classes, geographies, etc.

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Asset Allocation Financial Planning Assets Media 341

Abnormal Returns

MAY 21, 2024

papers.ssrn.com) A round-up of research on market analytics including 'Regime-Based Strategic Asset Allocation.' (papers.ssrn.com) How 'good' and 'bad' inflation affect financial markets. capitalspectator.com)

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Asset Allocation Retail Media Financial Market 259

Abnormal Returns

APRIL 16, 2024

Asset allocaiton Is regret a better measure to target for portfolio allocations? blogs.cfainstitute.org) Why asset allocation is sensitive to goals and assumptions. priceactionlab.com) The case against a cryptocurrency allocation. insights.finominal.com) Global macro hedge funds are mid.

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Asset Allocation Portfolio Management Portfolio Assets 271

Wealth Management

OCTOBER 17, 2023

Monday, November 06, 2023 | 2:00 PM ET

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Asset Allocation Assets Marketing Marketing 157

Abnormal Returns

AUGUST 9, 2022

mrzepczynski.blogspot.com) There's not much to see in tactical asset allocation ETF performance. (papers.ssrn.com) Research Is it possible to identify when momentum crashes are more likely to happen? alphaarchitect.com) Why does trend following work better in a high inflation regime?

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Asset Allocation Accounting Portfolio Assets 240

The Big Picture

DECEMBER 30, 2024

Asset allocation determines the rate of return. Better to be safe than sorry. Never up, never in. Most investors underestimate the stress of a high-risk portfolio on the way down. Dont put all your eggs in one basket. Stocks beat bonds over time. Never overreach for yield. Remember, leverage works both ways.

Investments 143

Investments Investing Risk Tolerance Portfolio Management 143

Abnormal Returns

AUGUST 27, 2023

ritholtz.com) Asset allocation is not a science. Top clicks this week Better investing comes from better decision making. obliviousinvestor.com) It's hard to overstate the sea change that has occurred with interest rates. theirrelevantinvestor.com) Quant strategies are not free from human input.

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Asset Allocation Media Retirement Assets 244

The Big Picture

SEPTEMBER 16, 2023

We discuss how the traditional “bucketing” approach of crisply defining asset classes can limit opportunities for asset allocators. She earned her finance MBA in econometrics and statistics from the University of Chicago.

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Assets Management Asset Allocation Retirement 297

Abnormal Returns

NOVEMBER 16, 2023

Active management Why asset allocators usually fail when it comes to manager selection. investmentecosystem.com) When does conviction turn into arrogance? flyoverstocks.com) Finance The London Stock Exchange Group is 'no longer particularly about London — or about trading stocks.'

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Asset Allocation Financial Advising Insurance Communication 261

Abnormal Returns

APRIL 18, 2024

novelinvestor.com) Don't change your asset allocation in response to a market pullback. rogersplanning.blogspot.com) Crypto The Grayscale Bitcoin Trust ($GBTC) continues to leak assets. Strategy Passive investors don't change relative prices. bloomberg.com) A good outcome doesn't necessarily mean it was a good decision.

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Asset Allocation Financial Advising Startup Assets 284