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Daniel Satchkov

04 Oct 2015

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Daniel Satchkov

24 Sep 2015

Robos deny impact from volatility on their AUM growth, straining credibility

AUM growth of first-generation robo-advisors dramatically slowed in light of market volatility, yet statements by robo advisors deny this fact, straining credibility. Financial Planning magazine published the deep dive into this issue with our supporting analysis: http://www.financial-planning.com/blogs/why-i-am-not-convinced-about-volatility-and-robos-2694230-1.html

Daniel Satchkov

23 Sep 2015

The Problem With Robo-Advisors’ Use of Mean Variance Optimization

Letting machines that are essentially error maximizers automatically build investment portfolios is not a great idea. In fact, it’s a terrible idea for your clients. However, the first generation of robo-advisors does precisely that! In our review of the shortcomings of robo-advisors, published by ThinkAdvisor magaine, we explain the key problem of the first generation of robo-advisors and its origin. Read the full article here: http://www.thinkadvisor.com/2015/09/22/the-problem-with-robo-advisors-use-of-mean-varianc#.VgHG0u3Te6E.twitter

Daniel Satchkov

08 Sep 2015

What To Focus On: First – Goals, And Only Then – Portfolio

When discussing investment plans with clients, it always makes perfect sense for an advisor to talk about ‘why’ before ‘how much’. The ‘why’ for the investor is always the goal. This is why they invest the money and certainly why they tolerate any risk in the first place. In this respect, there are excellent insights from Michael Kitces’ blog post about the interplay between risk tolerance, goals and risk capacity. Here is the link to that post. Measuring risk tolerance without asking why the client is tolerating risk has always perplexed me. Does anyone you know why it came to be that way in the world of financial advice? I...