How may we serve you?

Wealth Management

A family office service model that covers the spectrum of planning solutions.

Learn More

Evidence-Based Investing

EBI seeks to filter through noise, hype and emotion in order to make investment decisions grounded in facts, logic and reason.

Learn More

A Clear Process

A truly dynamic planning process that adapts to changes in life circumstances.

Learn More

Viewpoints

Half of a Whole: When You Lose a Spouse

Whether it’s sudden and unexpected or after an already lengthy ordeal, there’s nothing that can prepare you for losing your spouse. Grief and mourning affect each of us uniquely, but all widows and widowers share a painful dilemma: On the one hand, the world seems to demand rapid response to a barrage of critical questions – financial and otherwise. On the other hand, it’s usually a terrible time to be making big decisions, especially if they really can wait.

Here are some helpful handholds to hang onto if you have been recently widowed (or you know someone who has), plus preemptive steps to take if you’re reading this in happier times.

If you’ve just been widowed … > SEE MORE

Investing Lessons From 2018

Every year, the markets provide us with lessons on the prudent investment strategy. Many times, markets offer investors remedial courses, covering lessons it taught in previous years. That’s why one of my favorite sayings is that “there’s nothing new in investing, only investment history you don’t yet know.”

2018 supplied 11 important lessons. As you may note, many of them are repeats from prior years. Unfortunately, too many investors fail to learn them—they keep making the same errors. We’ll begin with my personal favorite, one that the market, if measured properly, teaches each and every year.

Lesson 1: Active management is a loser’s game.

Despite an overwhelming amount of academic research demonstrating that passive investing is far more likely to allow you to achieve your most important financial goals, the vast majority of individual investor assets are still held in active funds. And unfortunately, investors in active funds > SEE MORE

Does the “Bucket Approach” Destroy Wealth?

The “bucket approach” to retirement planning has been routinely adopted by financial planners, ever since it was popularized by Harold Evensky. Clients keep several years of assets in safe, liquid investments, while investing the rest of their portfolio more aggressively. But new research shows that this approach actually destroys a portion of clients’ wealth.

This research comes from Javier Estrada, a professor of financial management at the IESE Business School in Barcelona, Spain. Before we get to Estrada’s research, let’s review how the success and failure of a financial plan is measured using Monte Carlo simulations.

The challenge of measuring failure rates of financial plans

Retiring without sufficient assets to maintain a minimally acceptable lifestyle (which each person defines in their unique way) is an unthinkable outcome. That’s why, when investors are planning for retirement, their most important question is: How much can I plan on withdrawing from my portfolio without having a significant chance of outliving my savings? > SEE MORE