Updated Thursday, September 3, 2015 as of 7:30 PM ET

Active vs. Passive: When Active Management Wins

“We used to be fully active,” says Jason Romano, a partner at Moss Adams Wealth Advisors in Los Angeles, referring to his firm’s approach to selecting asset managers. A committee at Moss Adams reviewed manager performance in various asset classes and selected portfolios.

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Comments (2)
"Romano says many advisors may hesitate to add passive funds to the portfolio mix because they fear that clients may believe they can do it on their own."

If you have a fiduciary responsibility, that simply can't be a reason not to make the switch. That comment should really scare a lot of people who think they can trust their advisor.
Posted by Matthew B | Thursday, October 10 2013 at 2:04PM ET
It is really disgusting that this field is still dominated by people pretending to be respectable while comparing active with passive as if they were comparable. Active is de-diversified, gambling on particular managers, more risky.

Dick Purcell
Posted by Dick P | Thursday, October 10 2013 at 11:26PM ET
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