Allan Roth: 'I Embrace Dumb Beta'

<p>Our guest on the podcast today is Allan Roth, one of the pre-eminent hourly financial advisors in the United States. After a career in corporate finance and as a consultant for McKinsey and Company, Roth started the holistic financial advisory firm Wealth Logic in 2003. Wealth Logic focuses on financial planning and ultra-low-cost simplified investing; his firm's motto is "Dare to be Dull." In addition to working directly with clients, Roth is a prolific writer: He's the author of <em>How a Second Grader Beats Wall Street,</em> which was published in 2009 with the second edition in 2011, and he's also a regular contributor to <em>Financial Planning</em> magazine, Advisor Perspectives, ETF.com, and AARP. </p> <p><strong>Background Information</strong><br /> • <a href="https://daretobedull.com/overviewbio/" target="_blank">Allan Roth bio</a> <br /> • <a href="https://www.amazon.com/Second-Grader-Beats-Wall-Street/dp/0470919035" target="_blank"><em>How a Second Grader Beats Wall Street</em></a> <br /> • <a href="https://www.financial-planning.com/author/allan-s-roth-iag727" target="_blank">Allan Roth's archive for <em>Financial Planning</em></a>  <br /> • <a href="https://www.advisorperspectives.com/search?author=Allan%20Roth" target="_blank">Allan Roth’s archive for Advisor Perspectives</a> <br /> • <a href="https://www.etf.com/contributors/allan-roth?nopaging=1" target="_blank">Allan Roth's archive for ETF.com</a> <br /> • <a href="https://blog.aarp.org/author/allan-roth" target="_blank">Allan Roth's blog on AARP.org </a> <br /> <br /> <strong>Advice Business/Choosing an Advisor</strong><br /> • "<a href="https://www.forbes.com/sites/baldwin/2016/04/20/save-52000-on-financial-advice/#9247eef3e1d6" target="_blank">Save $52,000 on Financial Advice</a>," by William Baldwin (<em>Forbes</em>, May 10, 2016) <br /> • <a href="https://investor.vanguard.com/advice/personal-advisor" target="_blank">Vanguard Personal Advisor Services</a> <br /> • "<a href="https://www.financial-planning.com/opinion/the-cfp-board-inexcusa