Where Advisors Can Add Value for Clients
Vanguard's Advisor's Alpha helps clients do more than just allocate assets.
Christine Benz: Hi, I'm Christine Benz for Morningstar. Morningstar calls it gamma; Vanguard calls it Advisor's Alpha. Both metrics attempt to depict how and where advisors can add value to their clients' plans. Joining me to discuss what Vanguard's research says about where advisors can add value is Fran Kinniry. He's the Global Head of Portfolio Construction in Vanguard's Investment Strategy Group.
Fran, thank you so much for being here.