Noise Between Stations

April 2015

  • Microreview of Financial Engines

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    2 min read

    Kevin Mercadante has a great review of Financial Engines on the Investor Junkie site. Here’s the key points I took away: Founded in 1996, Financial Engines is a retirement plan advisory service for employees of participating employer retirement plans (which many online advisors work outside of). They provide management services and advice so that either…

  • Key Points from an Interview with Dr. Harry Moskowitz

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    1 min read

    aka the father of modern portfolio theory “Perhaps the most important job of a financial advisor is to get their clients in the right place on the efficient frontier in their portfolios,” he told me. “But their No. 2 job, a very close second, is to create portfolios that their clients are comfortable with. Advisors…

  • Key Points from “Investor Behavior: The Psychology of Financial Planning and Investing”

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    3 min read

    “Policy-Based Financial Planning: Decision Rules for a Changing World” by Dave Yeske, managing director, and Elisa Buie, CEO of Yeske Buie. Based on their 2011 paper, Yeske and Buie provided a six-step process for creating effective financial planning policies for each client: Engage in the discovery process in which the financial planner learns about the…