The most popular methods of compensation in the advisory industry have always irked me. Traditional, commission-based brokerage models are sketchy at best. They are fraught with misaligned incentives and more often than not, investors are left dealing with salespeople, not...
Weekend Reading for 11/13/2015 is available here.
I really enjoy meeting other advisors, exchanging ideas and learning more about how they run their business. I sponge up as much information as I can and use what I learned to improve myself in one way or another. Whether...
Yesterday I was fortunate enough to attend a research summit sponsored by Windham Capital Management. “Windham Capital Management is an independent asset management firm, focused on risk-based investment solutions. Founded in 1988, Windham is widely known for its pioneering research...
Our Weekend Reading newsletter for 11/6/2015 is available here.
Last week I discussed how conflicts of interest tied to the sales process are important considerations to make before purchasing any financial (or non-financial) product. While sales incentives are rather obvious, there are many more subtle and less frequently debated...
I believe incentives are a very powerful thing. Understanding how the structural incentives of the marketplace affect the pieces and players involved is a must. Over the next couple of weeks, I’ll be discussing some of the curious incentives I...
No matter how many times I read our Weekend Reading newsletter before hitting send, there’s always a mistake. A typo-free edition is more elusive than the albatross, and for that, I apologize. In an effort to ensure error free market...
Value and momentum are two well-known, empirically tested and accepted anomalies that exist across financial markets. Momentum Momentum is the belief that stocks or asset classes that have done well (or poorly) over a certain look back period (typically 12...
DIY Financial Advisor is the second book from the team at Alpha Architect. As described by the authors (Wes Gray, Jack Vogel and David Foulke): DIY Financial Advisor outlines a step-by-step process through which investors can take control of their...