TY - JOUR T1 - The 93.6% Question of Financial Advisors JF - The Journal of Investing SP - 16 LP - 20 DO - 10.3905/joi.2000.319394 VL - 9 IS - 1 AU - Meir Statman Y1 - 2000/02/29 UR - https://pm-research.com/content/9/1/16.abstract N2 - 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. ER -