News, Vision & Voice for the Advisory Community


Dimensional Fund Advisors tells RIAs it's getting active in its quest for 401(k) assets

DFA says this new plan will complement, not compete with, the services an advisor offers

Author Lisa Shidler July 14, 2011 at 2:34 PM
1 Comment
no description available
David Booth: We work so hard it's a shame to call us passive.

401(k) Stories





Elmer Rich III

Elmer Rich III

July 17, 2011 — 7:00 PM

First, the editor is to be congratulated for noting that the “Noble” prize for economics is not actually a real Nobel Prize but a prize named after Nobel, awarded by a Swedish bank. This is a very misleading mistake that has be perpetrated by educational institutions and the media.

The misrepresentation needs to be corrected because it is false and it implies economics, as a field of study, is at the same level of sophistication and evidence that the physical and medical sciences are. Economics is not.

Managed accounts are problematic. There is little evidence that any form of active management or managing “dynamically” is superior. Also, “addressing all the risks” is highly problematic — regardless of the academic prizes one has won.

We have had managed account solution clients. It’s is a set of solutions and market that needs a great deal more work and study.

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Mentioned in this article:

TD Ameritrade
Asset Custodian
Top Executive: Tom Nally

Buckingham Strategic Partners
TAMP, Asset Manager for RIAs
Top Executive: Alex Potts

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