Statistics About Indexing's Advantage May Be Lying To You: Financial Advisors' Daily Digest

A new study by Dalbar finds that passive funds achieve higher returns, but active fund investors are better behaved and may actually come out ahead over the long term.

Dalbar’s 12 Factors to Measure When Picking Active or Passive Funds

In the longer term, Dalbar says, active investments have produced better results, which reflects investors' tendency to stay in these funds for longer ...

Interview: Louis Harvey, Dalbar

Ary Rosenbaum, That 401(k) Guy, Interviews Louis Harvey

Q: How has the rollout of the new fiduciary rule impacted your business?

A: Firms seeking to comply under the new rules are taking advantage of Dalbar‘s services including Registered Fiduciary (RF™), Auditing required under ERISA 408(g), Computer Model Certification, Proof of Reasonableness of Compensation and Assessment of Rollover Practices. The fiduciary rule also creates new compliance burdens for the contact center. We have integrated fiduciary rule compliance into our evaluation criteria. This new element adds to the value proposition of our Service Quality Measurement Program. We look forward to continue helping contact centers grapple with the practical implications of the rule...

Dalbar Tool Aims to Limit DOL Rule’s Pay Cuts: Top Portfolio Products

Dalbar estimates that the average advisor could see a $34,000 reduction in compensation

Radio Interview: QAIB Study

Radio Interview: Cory Clark, Head of Research and Due Diligence at Dalbar discusses the QAIB study with Matt Kennedy of The Presley Group.

DALBAR, 2016: Yes, You Still Suck At Investing (Tips For Advisors)

With the release of Dalbar's latest study, it would be prudent to both update, and remind you, of the problems investors continue to face despite the ...

Dalbar’s Harvey: DOL Fiduciary Rule’s Cost to Brokers’ Businesses

Dalbar CEO Louis Harvey talks to ThinkAdvisor about how the rule will change brokers’ day-to-day jobs — and how those who embrace their fiduciary duties can reap profits...

Fiduciary Rule Interview in ThinkAdvisor


Even When Timing the Market Correctly, You Can Underperform

According to the Dalbar's 2015 Annual Quantitative Analysis of Investor Behavior (QAIB) the average equity fund investor correctly timed the market in ...

Amid Market Decline, Don't Sell Yourself Short

Each year Dalbar, a Boston-based consulting firm, examines how average investors perform relative to what they invest in. And without fail, each year ...

Tools, Training to Address DOL Fiduciary Definition

It's not yet a done deal, but Dalbar expects the best interest contract (BIC) exemption in the proposed fiduciary definition by the Department of Labor ...

Want To Avoid Losing Money In Stocks? Do These 5 Things

Investing research outfit Dalbar has been publishing a series of reports for years now which include a comparison of U.S. stock market investors' ...

Investors should fear themselves

The oft-cited annual report by Boston firm Dalbar into average investor returns would indicate that a good financial adviser can significantly boost ...

We have met the enemy (of our portfolio) and he is us

Each year Dalbar updates its annual "Quantitative Analysis of Investor Behavior" report. The 2015 update reveals that over the most recent 20 year ...

The Most Important Chart Investors Have to See in the Bear Market Now

...Dalbar, the investing research outfit that came up with the data used in the chart, attributes the phenomenon to investors’ propensity to buy and sell their investments at the wrong times...

Lou Harvey: Retirement Advisors’ Value Is Misunderstood


Lou Harvey honored as a top leader by Investment Advisor magazine!

The 2015 IA 35 for 35 - Lou Harvey honored as a top leader by Investment Advisor magazine!   ...

The No. 1 Mistake Investors Make

Financial data firm Dalbar annually updates its quantitative analysis of investor behavior study, which shows how the average fund investor performed ...

Dalbar Grants AXIS Retirement Analytics Platform Its Benchmark Methodology Certification Seal

Dalbar, a trusted source for helping the retirement industry in achieving excellence through evaluation and accreditation of strict processes has ..

Why Is the Investor's Personal Rate of Return Missing on Financial Statements?

Only 25% of statements across the annuity, mutual fund, and brokerage sectors include a "personal rate of return," Dalbar's annual survey says.

Investment Firms Try to Find their Social Media Groove

A recent ranking by research firm Dalbar reveals how Ameriprise, John Hancock, New York Life and Prudential have created winning social media campaigns.

Investment Firms Try to Find Their Social Media Groove

A recent ranking by research firm Dalbar reveals how Ameriprise, John Hancock, New York Life and Prudential have created winning social media campaigns... 

6 Top Mobile Websites for Investors: Dalbar

That's why Boston-based research firm Dalbar rated 48 financial services company apps, according to 11 distinct evaluation categories including ...

How to Avoid the Number 1 Mistake Investors Make

The latest research from Dalbar not only confirms this, but reveals the gap to be especially wide. Over the past 30 years, the S&P 500 has returned ...

There's An Unavoidable Reason Some Investors Are Bound To Fail

It's a necessity of how markets work. According to Dalbar and other research groups, the average U.S. stock investor has underperformed the market ...

MassMutual Retirement Services Named Dalbar Investor Statement Champion

(Springfield, MA) – For the third year in a row, MassMutual’s Retirement Services Division has been recognized as a champion for its defined benefit (DB) and defined contribution (DC) investor statements according to Dalbar’s 16th annual Trends and Best Practices in Investor Statements report.

408(b)(2) The New Fiduciary Paradox

Eighteen months ago, after many stalls and starts, the 401k Industry was bracing for the
amended Rule 408(b)(2) to take effect. Many believed that the new Fee Disclosure Rules,
408(b)(2) & 404(a)(5), would provide a panacea for eliminating hidden or hard-to-find
401(k) fees...

10 Top Mobile Apps for Investors: Dalbar

These apps by financial services company stood out among the 45 evaluated in several categories, like branding and design.

Improve your EOB with personalized information

As consumers enter the exchange environment, it is increasingly crucial for them to fully understand their health coverage. A recent study by the Kaiser Family Foundation showed that a majority of Americans (57%) feel that they don’t have enough information to understand health reform and how it will impact them.

Three reasons a monkey is a better investor than you

That sad conclusion is based on work from Dalbar, a research firm in Boston, which estimates that the typical investor in US stock mutual funds over the ...

Dalbar’s Harvey: Individual Investors Brilliant at Mistiming Markets

Retail investors’ renewed enthusiasm for stocks now that they’re at record highs is something to fear rather than celebrate, says Louis Harvey, president of Dalbar, a research firm in Boston.

Dalbar Ranks Providers on Fee Disclosure

A new in-depth study conducted by Dalbar ranks providers on their 408(b)(2) compliance efforts. Based on the technical requirements of 408(b)(2), Dalbar's...

Ranking 401(k) Transparency; Avoiding Liquidity Temptations ...

By Editorial Staff In the January issue of Research, the magazine teams up with consulting firm Dalbar to present retirement plan transparency rankings.

Why people lose money in mutual funds

Dalbar's Quantitative Analysis of Investor Behaviour compares the investors' ... The most recent Dalbar study found that in the 20 calendar years ending in ...

Call for Entries

Research Magazine and AdvisorOne, in collaboration with Dalbar, will publish a ranking of retirement plan transparency in January.

Market Timing Will Cost You Big Time Says Dalbar's Harvey

... culprit is the person looking back at you in the mirror says Lou Harvey, president and CEO of Dalbar, a Boston-based financial services research firm.

401(k) paperwork gets mixed grades on clarity

To give readers a sense of the feel, we asked Boston-based consulting firm Dalbar to give us two examples, one which earned high marks and one which earned ...

Gut Instincts Can Hurt Your Portfolio

Every year, the Boston financial-analysis firm Dalbar, Inc. publishes a report ... Indeed, says Dalbar President Lou Harvey, financial advisers are as prone ...

Are Individual Investors Destined to Fail?

"ETFs introduce a different type of investor that doesn't exist on the mutual-fund side, and that's the day trader," says Lou Harvey, president of Dalbar, ...

Why Your Investment Returns Could Be Lower Than You Think

According to the latest Dalbar report, someone investing systematically from 1992-2011 would only have earned about a 3.2% compounded annualized return ...

The Indomitable Investor: Talking With Barron's Steven Sears

Dalbar has measured investor behavior over the past 20 years and what they found is that individual investors always trail the standard S&P 500 index.

The Five Questions You Need to Ask Your Financial Advisor Right Now

The latest Dalbar data shows that the return of an average investor trying to time the market is a pathetic 1.9% per year versus the S&P 500 return of 8.4% ...

Four Ways Mutual Funds Hurt Your Retirement

Dalbar puts together an annual study of investor behavior, and recent findings support this theory. In 2011 alone the average equity mutual fund investor ...

Why You Should Follow George Costanza's Advice in the Equity Markets Right Now

And it's not just me saying it; it's also the newest Dalbar study that was released ... According to its website, Dalbar has been measuring the effects of ...

401(k) rollover? An annuity that captures gains, not losses

Dalbar, a Boston-based market research firm, found that an average equity fund investment from 1990 to 2009 earned 3.17 percent, or a little over one-third ...

A Written Plan Can Help Your Portfolio

... to Boston-based investment-research firm Dalbar Inc. Bond investors did even worse against the Barclays Capital Aggregate Bond Index, Dalbar says.

2 Things You Need to Know About Mutual Funds

One study by Dalbar showed that the S&P 500 returned 9.14% a year over a 20-year period ended 2010, but the average investor earned 3.83% a year. Why?

What type of returns does your portfolio mirror?

For a number of years, Dalbar has completed an annual study called the "Quantitative Analysis of Investor Behavior." This analysis tries to quantify the ...

The Five W's Of Bad Investing Behavior

Studies from Dalbar show that investors have the habit of piling into whatever is working at the moment only to bail once something new comes along.

Dalbar, Inc. and The Rosenbaum Law Firm: Ultimate 3(38) to Focus on Upgrading ERISA Fiduciary Status

Initial group members are the Rosenbaum Law Firm and Dalbar, Inc. ERISA 3(38) managers act as fiduciaries for retirement plans with responsibility for the ...

Buy & Hold or Buy & Hope

Dalbar reports that from 1991 through 2010 the S&P 500 20-year average was 9.14%, while the average mutual fund investor earned 3.83%.

Don't Fake It

From left to right: Alois Pirker, Aite Group; Kathleen Whalen, Dalbar; Seth Brewer, The Hartford. It's no surprise that many wealth management firms and ...

Outperform your neighbors

In fact, an annual study done by Dalbar, an investment industry research firm, ... For example, according to Dalbar, for the 20-year period ending in 2007, ...

Investing Since 1928: 294 Chances To Mess Up

Carl Richards of Behavior Gap has an awesome illustration of the basic problem: According to Dalbar data, the dips are pretty good at causing investors to ...

Universal Fiduciary Advice Will Shut Out Middle-Class Clients

By Gil Weinreich, AdvisorOne Consulting firm Dalbar's chief executive, Louis Harvey, known as an advocate of fiduciary advice, has poured a bit of cold ...

How to Beat the Market at its Own Game

A 2011 study from Dalbar, a Boston-based research firm, ... The Dalbar study also shows that the average investor achieved only 3.8% a year versus the 9.1% ...

Dalbar Analysis Shows Poor Performance by Mutual Fund Investors

Dalbar Analysis Shows Poor Performance by Mutual Fund Investors by Barron Maestro on April 9, 2012 Simon Constable, writing for the Wall Street Journal, ...

Eliminate emotional investing

Since the early 2000s, the research organization Dalbar has been studying how the decisions impact investment performance. Each year the study compares the ...

It's Not Your Fault Your Fund Can't Keep Up

The average equity-fund investor saw annual returns of only 3.49% in the 20 years through 2011, according to the latest analysis from Dalbar.

StoneStreet Equity Earns 2011 Dalbar Certified ERISA 3(21) Adviser Award

StoneStreet Equity, LLC has been certified by Dalbar, Inc. to be qualified as an ERISA 3(21) Adviser.

DOL's Secret Fiduciary Fix Offers BDs Big Opportunity

So says Lou Harvey, head of the financial services market research firm Dalbar, with respect to ERISA 408(g), an exemption that permits advisors to use a ...

Dalbar Study Reveals Mutual Fund Investors Lost in 2011

Mutual fund investors suffered losses last year according to the annual Quantitative Analysis of Investor Behavior (QAIB) study conducted by Dalbar.

The Average Mutual Fund Investor Has Done WHAT?

This is exactly what the Dalbar Study measures. They measure the results of the market annually (S&P500) with the average results that individual [...] ...

ASK SETH & BRAD: Avoiding Two Major Financial Mistakes

Every year Dalbar Inc. publishes the investment return estimates for the "average" investor. We can't recall a time in history when the report was anything ...

The Most Important Investment You Can Make Right Now

For example, Dalbar, a Boston-based research firm ,released a 2011 report that showed investors had achieved a mere 41.9% of the S&P 500's performance over ...

Why Don't You Invest?

One study by Dalbar showed that (link opens PDF file) the S&P 500 returned 9.14% a year over a 20-year period ending 2010, but the average investor earned ...

A Beginners Guide To Managing Your Money

A study conducted by Dalbar, Inc. showed that inexperienced investors tend to buy high and sell low, which often leads to losses in short-term trades.

Which three of DOL's new 401(k) rules represent the biggest land mines for financial advisors and plan sponsors

... would never be finalized," says Louis Harvey of Boston-based Dalbar Inc. Industry leaders are torn on how advisors should disclose indirect compensation ...

Are You an Above-Average Investor?

According to Dalbar, the average stock fund investor experiences returns that ... Dalbar calls this the "Investor Behavior Penalty," because people tend to get into ...

Right-brain investing: no math, no problem

In fact, the average individual investor grossly underperforms the market, according to research by Dalbar, a financial services research company in Boston.

Finance Friday: Why We Fail as Investors

The annual Dalbar studies of investor behavior show a constant theme regarding our failure as investors: chasing performance without a plan. The costs are ...

DALBAR Announces Fee Disclosure Relief

Dalbar announces its new Fee Disclosure Certification that values the intangibles of service, provides an independent evaluation to plan sponsors and creates a critical role for advisors and third party administrators (TPA).

Treasury funds show folly of chasing performance

In that same period, investment research firm Dalbar estimates that, thanks to performance chasing and the like, the average equity fund investor earned a ...

What JPMorgan Asks Advisors That Other Fund Firms Don't

JPMorgan Funds is one of two winners of Dalbar's annual award for excellence ... Dalbar managing director Kathleen Whalen pointed to JPMorgan's commitment ...

Why you will fail in 2012

Investment analysis company, Dalbar, Inc., has studied individual investment results for many years and finds that individual investors consistently ...

Human Emotion Kills Investor Returns

Since 1994, Dalbar, Inc. has been measuring the effects of investor's decisions to buy and sell investments. They have also studied the tendency for investors to switch in and out of specific mutual funds—in both short-term and long-term time frames. ...

Dagger Money Talk: Becoming a Better Investor Through Understanding Your Emotions

Dalbar, Inc., the nation's leading financial services market research firm, found this to be true. In a recent study, a $10000 invested in the stocks that ...

RICK KAHLER: Do not leave potential retirement income on the table

This conclusion is based on a recent study by Dalbar, Inc. It found that mutual fund investors (individuals and investment advisers) consistently earn ...

4 Reasons You Stink at Managing Your Own Money

Again, just look at the recent study by Dalbar – and that 2.6 percent annual return – while according to JPMorgan Asset Management, the worst return for the ...

Dalbar Announces Its 2011 Annuity Service Award Winners in Financial Services

Today Dalbar released the 2011 winners of its annual Annuity Service Award. AXA Equitable-Equivest ...

Dalbar Announces Its 2011 Annuity Service Award Winners in Financial Services

For over two decades, Dalbar has conducted rigorous testing of service delivery and, each year identifies those annuity firms that were found to be above ...

Rescuing Retirement

In 2011, it was certified by Dalbar Inc., a financial-services market-research firm, as meeting the requirements of the Pension Protection Act of 2006. ...

Panicking About the Markets? Read This -- Now

Dalbar, a financial research firm in Boston, does a study every year which ... Over the past 20 years, says Dalbar, someone who just invested $1000 in the ...

Stop Paying Wall Street to Take Your Money

Here is another shocking fact: A study performed by Dalbar, Inc. compared the average investor's returns with the returns of the S&P 500. ...

Three Psychological Stumbling Blocks That Kill Profits

Dalbar, a Boston-based market research firm, produces annual research that ... According to the Dalbar data, t hey gained a mere 1% a year versus an ...

Run in the Opposite Direction of the Herd

That is why the returns of investors in general tend to be much lower than those of the S&P 500 (by around 5.3 per cent annually according to Dalbar Inc.). ...

Financial Advisers Prepare For New 401(k) Reporting Rules

Earlier this year, Dalbar Inc., a Boston-based retirement services study group, ... Increased awareness of fees, Dalbar predicted, could create downward ...

How to Play Defense Against Volatility in Your Portfolio

According to Dalbar, Inc., the average investor had an annual return of 2.6 percent from 1991 through 2010. Let this sink in. Since the average rolling ...

Information Age's Effect On The Maxim Of Long-Term Stock Ownership To Attain Wealth, High Returns

Source(s): Index Fund Advisors, from Dalbar, Inc. report QAIB (Quantitative Analysis of Investor Behavior) Computer access leading to Internet provided ...

The Key To Better Returns

Financial services market research firm Dalbar has surveyed individual households for more than 20 years and created their Quantitative Analysis of Investor ...

Real Investors Lag Indices

Pritchard relied on the annual Dalbar study, which consolidates data from the Investment Company Institute, and is availble for investment advisers as a way...

A Lost Decade for Advisors?

“The bottom line is that people were not willing to do business in traditional products,” says Lou Harvey, president of Dalbar Inc., a financial services ...

Top 5 banks' client experiences still heavily product-driven

Dalbar mystery shoppers and analysts conducted 200 unique visits in different ... This methodology, combining both the client perspective and Dalbar...

Dalbar Announces RF(TM) Curriculum for IRA Advisers

Connected to the RF(TM) for IRA is Dalbar's compliance for advisers and compliance oversight. The compliance for advisers is the technology needed to ...

Why Investors Lag the Market

One study by the firm Dalbar covered the 20-year period from 1988 to 2007. ... A Dalbar update for 2010 concluded that, “the psychological factors that ...

40% of Advisers Support Wall Street Protests

"That split is really surprising," says Louis Harvey, chief executive of financial services market research firm Dalbar, tells InvestmentNews. ...

The Real Bear Market: When you count inflation, investors are still in the red

According to the definitive study by Dalbar Inc., largely thanks to poor timing the average investor has underperformed the Standard & Poor's 500 index by ...

Why investors are not making returns in the stock market?

In this context knowing about the study conducted by Dalbar to determine how ... Dalbar , Inc. is a US based leading financial services market research firm. ...

Advisers split on Occupy Wall Street

“That split is really surprising,” said Louis Harvey, chief executive of financial services market research firm Dalbar Inc. “Increased regulation on banks ...

Despite Pain, Encourage Clients to Stay the Course

That we typically aren't psychologically strong is reflected by the numerous studies (most prominently the annual QAIB from Dalbar) that show us ...

Keep Focus, Ignore Market Swings

Dalbar Inc., a large financial services market research firm, has compiled an annual Quantitative Analysis of Investor Behavior study since 1994 that ...

Bank of America Merrill Lynch Introduces 401(k) Enhancements to Meet the Evolving Needs of Employers and Employees

Benefits OnLine received the 2010 Dalbar Web Seal of Excellence. Dalbar examined 45 websites tailored to Defined Contribution plan participants. ...

Are You Ready To Enroll? Six Easy Tips from Cigna to Use Now When You Sign Up for Health Care Benefits

... mycigna.com; an overhaul of the customer Explanation of Benefits (EOB) which was recently recognized with awards for excellence by Dalbar, Inc. and The ...

Understanding Investor Biases

According to a study by Dalbar Inc., the average investor's returns lagged those of the S&P 500 index by 6.48 percent per year for the 20 years prior to ...

Money Management Executive Announces 2011 Fund Operations Award Winners

... principal and managing director of Dalbar; Robert L. Williams, chairman of HengTian Services and Insigma HengTian Software; and William Young,...

 

401(k) Conspiracy - How Companies & Employees are Being Robbed by Wall Street While the Government Looks the Other Way

Subtract conflicts of interest (which Wall Street routinely provides), and investor behavior, which Dalbar's Quantitative Analysis proves year after year is ...
 

Is It Time to Get Out of the Stock Market?

According to the most recent Dalbar study, the S&P 500 had an annual ... Dalbar suggests that it's because investors tend to buy funds when they're doing ...

 

Here Comes A New Fiduciary Designation

And the Registered Fiduciary (RF) standard came out earlier this year under the auspices of Dalbar Inc., a Boston-based financial services market research ...

Putnam Investments Becomes First Mutual Fund Company to Utilize Smart Phone Codes on Shareholder Statements

In January, the firm was honored for the 21st consecutive year with a Dalbar Service Award for providing industry leading service to shareholders and ...

MetLife Innovations in Employee Benefits Implementation Earn Dalbar Awards for Excellence

Recognizing MetLife's achievements in Group Employee Benefits,Dalbar Inc. presented two of the company's customer ...

New rule shakes up 401(k)

A possible 'can of worms' on plans' expenses will affect employers, workers.

Stock market swings rattle individual investors

Latest woes come after stinging losses to retirement plans in 2008, but financial advisers say best strategy is to ride it out.

Tracking the 401(k) fees

But the debt ceiling debate got in the way, leaving Congress with little time to consider anything else, said Louis Harvey, president of Dalbar Inc.

Financial matters

The penalty for bad decisions measured in dollars. Dalbar Inc.'s study, titled "The Quantitative Analysis of Investor Behavior," also shows us what happens when poor investment decisions are made. ...

Investors Far from Rational

Yet US-based financial industry researcher Dalbar Inc says investors generally abandon investments at inopportune times, often in response to bad news. ...

Your Investments: The Opportunity of a Lifetime?

According to research by Dalbar, the numbers are telling: They looked at the returns of mutual-fund investors over the 20-year period, 1986-2006, ...

After the Downgrade: 5 Moves to Make Now

According to the latest Dalbar study, the average stock mutual fund earned a little over 9% a year over the last 20 years while the average stock fund ...

Parental Financial Guidance

But investors seem to consistently time the market badly, buying high and selling low - a recent study by Dalbar, Inc. found that in the 20 years ended Dec. ...

9 Stupid Things Investors Do When Portfolio Building

...but it holds true over time, as the Dalbar research cited in this blog post shows. The authors also note that overconfidence leads to active trading. ...

It may pay to ask which share class your employer has picked for its 401(k)

The information probably will surprise 72 million 401(k) investors, according to a report by Boston-based Dalbar, which rates investment-related firms. ...

Childhood Impulse Control Determines Adult Success

Consider a recent study by Dalbar Research: In a given 20-year period, the S&P 500 returned 13% annually. By extension, a self-controlled four-year-old ...

Leading a Putnam Turnaround

"Bob Reynolds has literally turned the whole place upside down," says Louis Harvey, president of Dalbar Inc., a financial-services market-research firm ...

Dalbar Creates Registered Fiduciary Program for 401(k) Advisors

Dalbar has introduced a registered fiduciary designation for 401(k) advisers, the 401(k) RF Designation, ...

The New Cash Hoarders: Smart or Not-So-Smart?

... points higher than the average investor who moved in and out of funds, according to a study from Dalbar, a Boston-based financial research firm. ...