The bottom line for financial services

One of the things we do in our new book is to review the purpose of investing. Sometimes it is easy to forget what the goals of investing really are and how we can go about achieving our goals. David Booth is the CEO of DFA Funds, the mutual fund powerhouse with some $200+ billion in assets under management. He was recently quoted in Forbes* talking about what the future holds for the financial services industry.

Booth says the most exciting thing in the financial services will be providing wealth management for the everyday Jane and Joe. “Providing cost-efficient integrated lifetime financial solutions to the average person is an exciting challenge for the industry.” He adds, “Giving everyone a chance, a decent chance, at a good retirement. That’s what excites me.”

Sometimes in all the back and forth in the market it is easy to forget what the purpose of investing is all about. It’s about giving individuals the tools and skills to provide for themselves a “good retirement.” The existing financial services industry hasn’t done all that good job doing that for the average American. The question is who is going to provide that solution Booth seeks, because it is unlikely to come from incumbent Wall Street firms.

*Hat tip: Points and Figures

Abnormal Returns is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to If you click on my links and buy anything, even something other than the product advertised, I earn a small commission, yet you don't pay any extra. Thank you for your support.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

blog comments powered by Disqus
  • Tadas ViskantaAbnormal Returns has over its seven-year life become a fixture in the financial blogosphere. Over thousands of posts we have striven to bring the best of the financial blogosphere to readers. In that time the idea of a “forecast-free investment blog” remains as useful as it did six years ago. More »

  • StockTwits Follow Abnormal Returns on StockTwits Follow Abnormal Returns on Twitter Follow StockTwits on Facebook Subscribe to Abnormal Returns RSS via Email Subscribe to Abnormal Returns RSS
  • Recent Posts

  • Archives

  • Join StockTwits
  • Get Updates!

    100% Privacy. We don't spam.