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Introducing our new portfolio review service for professionals
The vast majority of pensions funds, charities, endowments and other institutional portfolios have underperformed the market for decades. The way to stop the rot is to have an independent portfolio review, reduce fees and complexity, and increase diversification. From today, that’s precisely what TEBI is offering. As anyone who’s read The...
Vanguard’s Personal Advisor Services — anything but personal
By RICK FERRI Vanguard investors have been inundated with offers to manage their money through the Personal Advisor Services program (PAS). Every time I log onto my account, a banner ad pops up telling me I need to “Partner with a...
US value and growth performance under the microscope
By TOM LAURICELLA Value fund managers and their investors have seen some relief in recent months — well-earned after a decade of underperformance. Only twice in that time frame have large-, mid-, and small-cap value funds all, on average, outpaced growth...
Five ways to wean yourself off your credit card
By LESLEY GREGORY Hard as it might be for some of us to believe, there are people who’ve never had a credit card. One of them is my adult daughter. Like a growing number of people aged in their 20s, she’s...
Explaining decreasing returns to scale in active management
By LARRY SWEDROE One of the problems for those who believe active management is the winning strategy is that there’s an overwhelming body of evidence demonstrating that the past performance of active managers isn’t prologue. Without the ability to rely on...
Steer clear of investment fads
Investment fads. It’s easily overlooked, but the financial services industry is just that, an industry. Like any business, it survives by selling products and services. Some of these meet genuine needs. Many, though, owe more to marketing and emotion than to substance. At...
A new way of looking at indexing
Indexing. By CRAIG LAZZARA A wise man told me years ago that sometimes the things we see are less important than our way of seeing. As more formerly-active investors begin to use passive vehicles, it’s useful to consider if there’s a distinctly...