Adaptive Asset Allocation with Mike Philbrick, Ep #41

Almost every financial services firm does the same thing for people. They’re operating following same-old same-old principles. Why is it a problem? Firms are seeking ways to differentiate themselves but are doing so in external ways. Some are trying to leverage technology. Others are focusing on credentials that set them apart. 

Measuring performance via benchmarks has been the most detrimental to today’s investors. Why do they matter? Your investments should be about your individual goals. We’ve been operating in a bubble in an artificially built-up market that is beginning to shift because interest rates are going up. 

I can’t continue to operate and advise clients the same way I was five years ago. We must adapt. Mike Philbrick—the Chief Executive Officer of ReSolve Global—shares why adaptive asset allocation is going to become increasingly important in this episode of UPThinking Finance™.

You will want to hear this episode if you are interested in...

• The state of the financial services industry [0:41]
• How Mike landed in quantitative analysis [8:06] 
• The Tetlock study on “Expert Political Judgment” [9:25] 
• The problem with bench marketing [16:13]
• Strategic vs tactical vs dynamic asset allocation [21:06] 
• The role of volatility and correlation in asset management [30:54]
• The importance of dynamic portfolio management [37:10] 
• The point of return stacking and adaptive asset allocation [42:55]
• What retirees should be thinking about [45:32] 

Resources & People Mentioned

• Adaptive Asset Allocation
• Just 10 Stocks Drive Half The Year's Monster $2.5 Trillion Rally
• The Tetlock study on “Expert Political Judgment”
• Against the Gods by Peter L. Bernstein

Connect With Mike Philbrick

• ReSolve Asset Management
• Connect on LinkedIn

Connect with Emerson Fersch

• Capital Investment Advisers
• On LinkedIn

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Audio Production and Show Notes by - PODCAST FAST TRACK