Comments on: More Talking Points for Clients and Investment Advisers http://acrimoney.com/2009/08/talking-point-clients-investment-advisers/ The Wild Wild World of Wealth Tue, 26 Apr 2011 12:12:53 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Michaelhttp://acrimoney.com/2009/08/talking-point-clients-investment-advisers/comment-page-1/#comment-25390 Michael Wed, 19 Aug 2009 14:51:35 +0000 http://acrimoney.com/?p=1945#comment-25390 More damage has been done in the name of the Brinson study (firm since acquired by UBS) that said 90% of return was determined by asset allocation than any other investment truism. Problem was they studied pension funds over time and the variations between the funds were, in fact, primarily determined by the pension's static allocation. Problem is, that doesn't translate to an individual or actively managed portfolio.Keep up the good work. More damage has been done in the name of the Brinson study (firm since acquired by UBS) that said 90% of return was determined by asset allocation than any other investment truism. Problem was they studied pension funds over time and the variations between the funds were, in fact, primarily determined by the pension’s static allocation. Problem is, that doesn’t translate to an individual or actively managed portfolio.

Keep up the good work.

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