The four questions that reveal what an adviser really costs
Headline percentages hide platform charges, fund costs and trading spreads. Here is the arithmetic that surfaces all of it. Ask…
Insights
Client letters and notes, published anyway.
Sequence risk, and why the first five years decide everything
Two retirees with identical average returns can end up decades apart. The difference is the order those returns arrived in.…
What we told clients in March 2020, and what it cost to say it
The most valuable thing an adviser does is occasionally nothing. That is harder to charge for and harder to sit…
Asset location: the free lunch most portfolios leave on the table
Which account holds which asset is worth more over a lifetime than most fund selection decisions, and it costs nothing…
How to read a fee schedule without a magnifying glass
Tiered, banded, blended, marginal — the words matter, and the difference between them is real money over twenty years. A…