Michael discusses how his firm combines portfolio diversification with active portfolio management, to ensure client's goals are met.

Michael Kitces

Some firms that shifted to annual retainers are now shifting away from retainers and back to AUM pricing after a few years of business pain!

Michael Kitces | 4 comments

A usual criticism of modelling tools is the assumption that returns are normally distributed. But black swans seem to be a short-term phenomenon...

Michael Kitces | 6 comments

Recent research suggests financial planning firms with revenue-based incentives for their staff nearly tripled their revenue growth compared to firms with merit-based bonuses. Your staff may impact the planning firm's revenue far more than you realise - here are six ways they absolutely impact the revenue of your firm...

Michael Kitces

While we tend to focus on sharp market crashes, sudden declines that recover quickly within just a year or few are not necessarily problematic. What is far more destructive are extended periods of mediocre returns...

Michael Kitces