Rick Ferri: 'There Are No Average Investors'

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

🗓️ 3 July 2019

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

The financial advisor and asset-allocation specialist discusses conflicts in advice-giving, which asset classes he avoids, and "factor renters."

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.
0:23.3	Purchase New York.
0:26.5	Please stay tuned for important disclosure information at the conclusion of this episode.
0:32.4	Hi, and welcome to the Longview.
0:34.5	I'm Jeff Battack, Global Director of Manager Research for Morningstar
0:37.6	Research Services. And I'm Christine Ben's, Director of Personal Finance for Morningstar, Inc.
0:43.1	Our guest today in the Longview podcast is Rick Ferry. Rick is an hourly fee investment
0:47.7	advisor at Ferry Investment Solutions. He's also a CFA charter holder. Prior to starting his new
0:53.9	firm in April 2019, Rick was the founder and head of investing at a $1.5 billion advisory firm that specialized in low-fee asset management using index funds and ETFs.
1:05.8	Rick is also the author of several books on low-fee investing, including All About Asset All About Asset All About Index Funds, and The Power of Passive Investing.
1:16.1	Rick, thanks so much for being here today, and welcome to the Longview.
1:19.9	That's a pleasure to be here. Thank you.
1:22.0	So I wanted to get started. I think we're going to cover a lot of ground, but maybe we'll start on TerraFerma, so to speak,
1:27.7	which is your advisory business, the services that you offer, the advice and planning services
1:32.5	that you offer to your clients. And I know it's a multifaceted process, but one of the more
1:37.6	important elements is asset allocation. And I was curious maybe to start with how the definition
1:42.4	of value add has changed when it comes to investment and asset allocation services that advisors have delivered.
1:50.2	If you could compare sort of the way it is you position the value that you would add in the confines of a broader plan today versus maybe how you would have positioned it 10, 15 years ago.
	...

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