Active investment management’s weekly magazine for fee-based advisors

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An up-close look at topics with current relevance to the field of active investment management. Investment fund managers, financial strategists, research analysts, financial advisors, and professional journalists examine topical active management issues, best practices for risk management within separately managed accounts, research findings, and new industry developments.

Are business cycles still meaningful?

Business cycles—and investment assets—will invariably revert to the mean given a long enough period of time. Though behaviorally difficult at times for clients, advisors need to advocate sticking to a long-term game plan of dynamic, risk-managed...

What is risk really all about?

When we invest, we can’t know the future or get a do-over. Dynamic, risk-managed strategies can help client portfolios be more responsive to changing market environments. Investors are so different. They pursue different goals. They react differently to...

Agility drills for client investment portfolios

Are your clients invested with enough “agility” to mitigate the risk of large drawdowns during severe market declines? Football season is in full swing, and all of the fanatics out there (myself included) have been treated to a season with plenty of...

Retirees’ oncoming financial tsunami

It is different this time: The impact of demographics on sequence-of-returns issues. It isn’t a question of if the next bear market will occur, but when. But this one will be different. It has the potential to be a financial superstorm. Like all major...

Can lower returns lead to more money in retirement?

The impact of sequencing and volatility on portfolio value. Returns, risk, pricing models, optimal portfolio construction—there are so many facets of effective investing and portfolio management. As busy as most of us are, who has time to really dig in...

The behavioral side of goals-based investing

As the advisory profession moves further into goals-based wealth management, advisors should prepare themselves for more frequent forays into behavioral psychology and human social behavior. For nearly half a century, financial-planning and...

Why proactive money management makes sense for clients

When it comes to managing money, focus first on risk management, defending a portfolio from losses. This doesn’t mean being overly conservative—but a great offense without an equally great defense achieves little for clients in the long run. We all have...

The coming transformation of technical analysis

While technical analysis has its roots in practices thousands of years old, advances in technology, behavioral psychology, and artificial intelligence will lead the next transformation of the discipline. Origins of technical analysis Technical analysis...

Enhancing actively managed strategies

Exploring rules-based enhancements for improving returns when invested in risk assets. The goal of active investment management is compelling. Capturing more of an asset class’s upside than its downside is an investment recipe for success. In a simple...