Allan Roth: 'I Embrace Dumb Beta'

The Long View

Morningstar

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

4.5 • 775 Ratings

🗓️ 4 September 2019

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

The hourly financial planner and columnist on navigating clients' behavioral biases and the virtues of plain-vanilla index funds.

Transcript

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0:00.0	At Jackson, we've created a digital retirement planning experience with you and mine.
0:05.5	Visit jackson.com to explore our easy-to-understand resources and user-friendly tools
0:10.1	that are designed to enable financial professionals and clients to plan a path to financial freedom.
0:15.5	Jackson is short for Jackson Financial Incorporated, Jackson National Life Insurance Company, Lansing, Michigan,
0:20.5	and Jackson National Life Insurance Company of New York. Purchase, New York.
0:26.5	Please stay tuned for important disclosure information at the conclusion of this episode.
0:32.2	Hi, and welcome to the Longview. I'm Christine Ben's Director of Personal Finance for Morningstar, Inc.
0:37.2	And I'm Jeff Patak, Global Director of Manager Research for Morning Star Research Services.
0:41.3	Our guest on the podcast today is Alan Roth, one of the preeminent hourly financial advisors
0:46.4	in the U.S. After a career in corporate finance and as a consultant for McKinsey and
0:51.4	company, Ellen started the holistic financial advisory firm
0:54.8	Wealth Logic in 2003. Wealth Logic focuses on financial planning and ultra-low-cost, simplified
1:01.9	investing. His firm's motto is, Dare to Be Dull. In addition to working directly with clients,
1:07.9	Ellen is a prolific writer. He's the author of How a Second Grader Beats
1:11.9	Wall Street, which was published in 2009 with the second edition in 2011. He's also a regular
1:18.1	contributor to Financial Planning Magazine, Advisor Perspectives, ETF.com, and the AARP magazine.
1:25.8	Alan, welcome to the Longview. It's an absolute pleasure to be here.
1:28.9	Thank you guys very much.
1:30.7	Alan, you have built a thriving financial planning practice with a business model that some
1:35.2	advisors argue can't work.
1:37.1	So you charge clients on an hourly basis.
1:40.0	Did you start out charging clients by the hour?
	...

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