If you weren’t able to make it to the informational event with Asset Dedication a few weeks ago, not to worry! You can watch the entire presentation and following Q&A at this link. We would like to give a special thank you to Captivate Productions for live-event and audio/visual support.
Brent Burns, President & Founding Partner of Asset Dedication, walked attendees through how Asset Dedication works in partnership with financial planners. His presentation focused on the function of bonds and stocks in any given portfolio, and he provided insight as to how Asset Dedication's research-backed approach structures both of these components to accomplish your specific financial plan. Timestamps for each topic can be found below.
Presentation
0:00:00 How Asset Dedication works and fits with financial planners
0:02:50 Introduction of Asset Dedication's founding partners: Stephen Huxley & Brent Burns
0:05:22 Building your portfolio to fit your financial plan
0:10:10 Using the Critical Path to map the trajectory of your financial plan
0:16:11 The purpose of Bonds vs. Stocks: Predictability vs. Uncertainty
0:21:17 The difference between bond funds and individual bonds
0:24:35 The relationship between bond prices and interest rates
0:29:47 What bonds does Asset Dedication purchase?
0:33:30 Using Von Neumann's Minimax Algorithm
0:37:33 Minimize maximum loss: Make the worst case scenario better using time horizons
0:42:48 Rip Van Winkle is the best investor: Stock risk and volatility decreases with time
0:47:38 Wade Pfau's confirmation of Asset Dedication's research
0:49:11 The value of a financial planner
Q & A
0:51:00 Where is Asset Dedication located? How many employees do they have?
0:51:50 How Asset Dedication uses technology
0:52:30 Does each employee have a separate specialty?
0:54:45 Why volatility alone doesn't matter
0:56:03 More detail on bond funds vs. individual bonds
0:56:45 Discussion of Dimensional Fund Advisors (DFA) funds vs. Vanguard & Index funds
1:01:15 At what point is there a place for bonds in your financial life cycle?
1:03:22 More information about municipal bonds
1:05:45 How long should a bond ladder be? More discussion on the Critical Path
Interested in learning more? We are happy to send you a copy of Asset Dedication's book. Please reach out to a member of the NorthAvenue team if you would like to receive a copy.