%0 Journal Article %A Meir Statman %T The 93.6% Question of Financial Advisors %D 2000 %R 10.3905/joi.2000.319394 %J The Journal of Investing %P 16-20 %V 9 %N 1 %X Financial advisors provide great value as managers of investors and managers of investments; they do not enhance their value by misinterpreting Brinson, Hood, and Beebower's 93.6% figure. This article focuses on the value of financial advisors; the contributions of strategic asset allocation, tactical asset allocation, and security selection; and the interpretation of asset allocation figures. %U https://joi.pm-research.com/content/iijinvest/9/1/16.full.pdf