Adam Grossman: Asset Allocation Is an Investor’s Best Defense

The Long View

Morningstar

Morningstar, Financial Services, Careers, Investing Leaders, Investors, Jeff Ptak, Investing, Amy Arnott, Business, Christine Benz, Long-term Investing, Influential Investors, Entrepreneurship, Dan Lefkovitz, Finance

4.6 • 915 Ratings

🗓️ 26 May 2026

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

A flat-fee financial advisor and columnist discusses why less complicated portfolios are usually best, how he addresses inflation risk in client portfolios, and his biggest worry for new retirees.

Transcript

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0:00.0	Please stay tuned for important disclosure information at the conclusion of this episode.
0:06.0	Hi and welcome to the Longview. I'm Christine Ben's Director of Personal Finance and Retirement Planning for Morningstar.
0:12.0	And I'm Amy Arnaut, portfolio strategist for Morningstar.
0:16.0	Our guest on the podcast today is Adam Grossman. Adam's the founder of Mayport, a fixed-fee wealth management firm.
0:23.9	He's also a regular contributor to Humble Dollar, the website founded by late financial writer
0:29.0	Jonathan Clements.
0:30.8	Before founding Mayport, Adam worked as an investment advisor or analyst at several firms, including
0:36.4	Middleton & Company, Ballantine Partners, and MFS
0:40.1	investment management. He also founded AboutFace Software, a social networking software firm.
0:46.9	Adam received his undergraduate degree from Williams College and his MBA from MIT's Sloan School
0:52.3	of Management, and he's also a CFA charter holder.
0:56.3	Adam, welcome to the Longview.
0:58.4	Thank you for having me.
1:00.0	Well, thanks for being here.
1:01.3	We wanted to start with your contributions to Humble Dollar,
1:05.5	where you're a prolific contributor.
1:07.6	This is the website that was founded by the late financial writer, Jonathan Clements.
1:12.6	Can you talk about how your collaboration started? Sure. It got started back in 2016.
1:20.0	I was working at another wealth management firm here in Boston, and I was feeling a little frustrated
1:25.2	because I wanted to do more writing, but there were compliance
1:28.3	issues. And so for some odd reason, I decided that the solution to all of my problems was to
1:34.9	reach out to Jonathan Clements. And I didn't know Jonathan. We'd never communicated, but in his usual
	...

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