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Active Share: Predictor of Future Performance or Urban Legend?

By |2019-10-10T08:59:01-05:00October 17th, 2019|Financial Planning, Research Insights, Factor Investing, Academic Research Insight, Active and Passive Investing|

The crowning achievement for investors is the ability to identify which of the few active mutual funds will outperform in the future. Despite an overwhelming body of academic research which has demonstrated that past performance [...]

Alternative Investments – A Field Manual

By |2019-09-23T09:17:00-05:00October 3rd, 2019|Financial Planning, Factor Investing, Guest Posts|

It's not a perfect world out there and often times alternative funds are mischaracterized, misused, and not put through a rigorous enough portfolio construction process. It's my hope that I can forewarn you of the [...]

Spending Policies in a Low Return Environment

By |2019-09-04T07:56:34-05:00September 9th, 2019|Financial Planning, Research Insights, Basilico and Johnsen, Academic Research Insight|

Evaluating Spending Policies in a Low Return Environment Peng Wang,  Laura Chapman, Steven Peterson, and Jon SpinneyFinancial Analyst Journal, Fall 2018A version of this paper can be found hereWant to read our summaries of academic finance papers? [...]

What Induces Children to Save (More)?

By |2019-09-17T15:04:15-05:00August 27th, 2019|Financial Planning, Research Insights, Investment Advisor Education, Behavioral Finance|

What Induces Children to Save (More)? Moritz Lukas (University of Hamburg) and Markus Nöth (University of Hamburg)A version of this paper can be found hereWant to read our summaries of academic finance papers? Check out our Academic [...]

There and Back Again: My 180 Back to Simplicity

By |2019-08-05T22:49:32-05:00August 8th, 2019|Financial Planning, Factor Investing|

I’m 34. I have some savings (long-term investments), earn a respectable living, and am comfortable—and happy—spending modestly relative to income. I have a simple balance sheet and no debt. I don’t ever want to fully [...]

Equity Compensation Planning in a TCJA World

By |2019-06-04T09:35:19-05:00June 6th, 2019|Financial Planning, Research Insights, Guest Posts, Tax Efficient Investing|

Employee equity & stock options are a major part of the modern compensation plan. That's certainly the case for my financial planning clients. Unfortunately, a search for the best approach to managing your equity opens [...]

Structuring Lower Risk Opportunity Zone Investments

By |2019-05-15T10:46:48-05:00May 16th, 2019|Financial Planning, Research Insights, Guest Posts, Tax Efficient Investing|

The tax benefits of the new Opportunity Zone program are potentially phenomenal. However, when you dig into the details of the program you quickly realize that many of the investment options are typically higher-risk and [...]

Using Flexible Spending to Achieve Financial Goals

By |2019-03-04T08:04:31-05:00March 5th, 2019|Financial Planning, Guest Posts, Tactical Asset Allocation Research|

Financial planning and specifically portfolio "safe" withdrawal rates are often viewed and analyzed from the perspective of rigid rules that can't be broken - i.e., you will take an inflation adjusted 4% of starting portfolio [...]