We are often asked about active versus passive wealth management approaches. One question that can be confusing is that of style drift. What is it? How can it affect my financial planning?
It’s no secret that we’re not big fans of the active management approach, in which a financial advisor or fund manager buys and sells positions in an effort to generate extra returns. We not only believe this is ineffective; there is also scant evidence to support the notion that trying to beat the market works any better than blind luck.Read More