My client today has a classic Humpty Dumpty portfolio. Created by an adviser who charged 1%. Split S&P 500 into growth and value, mid-cap into growth and value, and small-cap into growth and value.
— Rick Ferri, CFA (@Rick_Ferri) January 13, 2023
Complexity is adviser job security, but not this time.
Cartoon by @aaronbrask pic.twitter.com/s5PplFBfzD