Is it time to start thinking more about E/P ratios than P/E ratios? After all, predicting that returns may be higher or lower with a low (or high) earnings yield (and a corresponding P/E ratio) really isn't so controversial.

New research suggests that the best things to do to improve our happiness may lie in NOT trying to maximise our wealth.

The real distinction in retirement income philosophies is not about which are "safe" and which are not. It is whether risk is transferred or retained (and if retained, managed).

In managing sequence of returns risk, we may not be giving simple rebalancing nearly the credit it deserves to accomplish similar or better than more complex approaches.

Perhaps the most crucial change in our retirement planning language is simply to rename "retirement".

Is risk parity's outperformance in the past decade sustainable or just a quirk of the unusual markets.

The traditional approach to portfolio construction is to own a diversified portfolio, adjusting total risk up or down. An alternative is to take a bucket approach.

Finology is the emerging (and converging) research field covering the study of minds, customs and behaviours with respect to money. It incorporates behavioural finance, and much, much more.

After two decades of elevated earnings and PEs - and two bear markets but also three bull markets - many are questioning whether Shiller CAPE is all that predictive.

The staple of retirement planning - save a percentage of income - makes it surprisingly difficult to ever reach retirement. The alternative is much easier and more successful.

Most research assumes retirees maintain a consistent standard of living. A new study disproves this, implying we may be overestimating funds needed to retire by up to 20%.

Three interrelated aspects of practically managing client portfolios - constructing portfolios using buckets, diversifying human capital, and the Withdrawal Policy Statement.

Typically, MPT has focused solely on how to invest within classes, not amongst them. But MPT continues to evolve.

A recent Australian study of how clients prefer to be communicated with from their financial advisers sheds some interesting light on the challenge.

As the logic goes, retired clients deplete their portfolios, and more pass away as the years go by, so a firm with aging clients is akin to a rapidly depreciating asset. But is this true?

If we're explaining a "norm" to clients that embeds a social proof, we should be using norms that show what is successful, not describing the commonality of failure!

For some clients, even achieving their goals is unsatisfying. Research suggests that financial planners could go a long way in helping clients to really derive more happiness from their money.

Failing to find outperformance amongst active managers may be more a problem of measurement than a failure of active management.

There are many benefits to having a clearly articulated financial planning philosophy for your firm including helping ensure clients will be a good match.

Conventional wisdom is that retirees should reduce their equity exposure in retirement as their time horizon shortens - in reality, the ideal may actually be the exact opposite.