DiMarzio, Angelo A.; Ritter, Thomas J.; Haire, David B.
July 1993
Journal of Financial Planning;Jul93, Vol. 6 Issue 3, p129
Academic Journal
In the 1990s, financial planners need to take a fresh look at methods for evaluating investment performance. We believe total return and shortfall deviation provide the most suitable performance criteria. Applying these criteria over a full market cycle will serve planners well during the next decade by developing diversified portfolios that include stocks and long bonds, as well as a blend of fixed-investment instruments.
Financial theorists historically have based risk measurement on absolute total variability (standard deviation) or relative total variability (beta). However, investors do not view risk in these terms, with positive and negative deviation regarded equally. While these classic risk measurements possess important statistical properties.


Related Articles

  • THE FEELING'S MUTUAL. Cramer, James J. // New York;01/22/2001, Vol. 34 Issue 3, p37 

    Recommends several mutual fund managers and investment advisers based in the United States who are tasked to organize stock trading for customers. Bill Miller of the Legg Mason Value Trust; Richie Freeman from Smith Barney Aggressive Growth; Elizabeth Bramwell of Bramwell Growth.

  • First Things First. Dyer, Phil; Kinder, George // Advisor Today;Sep2008, Vol. 103 Issue 9, p64 

    The article focuses on financial planning in the U.S. It cites the importance of creating a life plan for the clients before addressing his financial plan. It states that the financial-planning profession has undergone profound change, transitioning from a product-oriented, transaction-based...

  • The Hot Job of Financial Planning&hellip.  // Journal of Financial Planning;Feb1998, Vol. 11 Issue 1, p16 

    Comments on the article featured in "U.S. News & World Report" about financial planning. Popularity of the career in financial planning; Demand for financial planners in the banking, brokerage and mutual fund fields; Failure of the magazine to mention designations or licenses.

  • Trading Places. McGee, Suzanne // Financial Planning;Sep2008, Vol. 38 Issue 9, p59 

    The article discusses the move of planners, investment advisors, and other wealth managers to change firms in the U.S. It is noted that for many advisors, switching firms or launching their own shop can be dangerous, since clients can feel neglected or taken for granted. In addition, if the...

  • Risk Tolerance Slides. Elson, Rachel F. // Financial Planning;Mar2014, Vol. 44 Issue 3, p15 

    The article reports on the Retirement Advisor Confidence Index which showed a decline in client risk tolerance among retirement advisor planners in the U.S. in February 2014. Factors cited that are said to pull the index downward include shift of assets allocation away from equities and bonds...

  • When the Whole World is Your Client... Thompson, Duane R. // Journal of Financial Planning;Jun2000, Vol. 13 Issue 6, p32 

    This article explores the client engagements of certified financial planners in the U.S. In 1999, the Certified Financial Planner Board of Standards Inc. (CFP) adopted a revised definition of client, affirming that a practitioner is engaged when an individual reasonably relies upon information...

  • Serving the Underserved: Is There a Professional Obligation? Opiela, Nancy // Journal of Financial Planning;Jun2000, Vol. 13 Issue 6, p76 

    This article describes various pro bono work that U.S. financial planners offer to their clients. Spring Leonard, a certified financial planner of SBL Financial Enterprise in Norfolk, Massachusetts, often offers help free of charge. Certified Financial Planner Board of Standards Inc. president...

  • Financial planners cash in on creative marketing techniques. Del Prete, Dom // Marketing News;3/14/94, Vol. 28 Issue 6, p8 

    Focuses on the strategies used by financial planners to market their practices. Description of hosting of a party for clients; Focus on sending of invitations for a free seminar; Distribution of a ready-made quarterly client newsletter.

  • FPA Introduces Longevity Program for Members.  // Journal of Financial Planning;Sep2006 Supplement, p30 

    The article reports that the Financial Planning Association has launched a benefit for members entitled the "Longevity Awards Program," which aims to thank members for continued, lifelong membership. All long-term members will receive personalized certificates of membership, with milestone...


Read the Article


Sign out of this library

Other Topics