RT Journal Article
SR Electronic
T1 The 93.6% Question of Financial Advisors
JF The Journal of Investing
FD Institutional Investor Journals
SP 16
OP 20
DO 10.3905/joi.2000.319394
VO 9
IS 1
A1 Meir Statman
YR 2000
UL https://pm-research.com/content/9/1/16.abstract
AB 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.