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Investing Specialists

A Common-Sense Approach to Asset Allocation

Harold Evensky discusses his thoughts on effective asset allocation in Part I of a two-part conversation with the financial-planning guru.

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Did diversification fail during the 2008-09 bear market? Is the traditional, buy-and-hold approach to asset allocation a vestige of a bygone era?

Investors began to ask these and other important questions in the wake of the bear market, when many asset classes they had relied on for diversification moved in a single direction: down.

To get an expert perspective on these topics, we recently sat down with Harold Evensky, president of Evensky & Katz Wealth Management. Morningstar managing director Don Phillips once called Evensky "the Dean of Financial Planning," and for good reason: Evensky marries the wisdom of a topnotch practitioner with a focus on cutting-edge research.

Christine Benz does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.