20/20 Money Episode #172 – Episode #172 – Gaining an allocator’s edge with your portfolio with Phil Huber, CFA

Phil has been involved in the financial services business since 2007 and is the Chief Investment Officer in Savant Wealth’s Lincolnshire, IL office, is a member of the Investment Team, has a membership interest in Savant, and is a member of the Investment Committee. He is responsible for portfolio management, contributing to Savant’s investment strategy, and managing investment processes for clients. He takes an active role in writing straightforward commentary to inform clients and explain the firm’s investment philosophy and also writes on his own blog, aptly named Bps and Pieces. And FYI, a “bip” is a basis point. One basis point is one hundredth of one percent. So a mutual fund with an expense ratio of 0.35% would, in “investment speak,” have an ER or 35bps. That’ll be important to understand and have context around at various points in the conversation.

Prior to joining Savant, Phil was employed at a global asset management company where he worked closely with financial advisors to develop investment strategies for their clients. He earned a bachelor’s degree in finance from the Kelley School of Business at Indiana University. He is a CERTIFIED FINANCIAL PLANNER™ professional, has attained his Chartered Financial Analyst® (CFA®) designation, and is a member of the CFA Society of Chicago.

Phil joined the show to talk about the past, present, and future of asset allocation of investors’ portfolios. He shares why we should be rethinking the construction of the flagship 60/40 portfolio, the evolution and definition of “alternative investments,” the role that one’s own business plays in their investment portfolio, and gives some direction and guidance to investors that want to begin the due diligence on whether and to what extent alternative asset classes are going to fit into their overall portfolio.

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As a reminder, you can get all the information discussed in today’s conversation by visiting our website at integratedpwm.com and clicking on the Learning Center. While there, be sure to subscribe to our newsletter and you can also set up a 20-30min Triage conversation to learn a little bit more about how we help ODs around the country reduce their tax bill, proactively manage cash flow, and make prudent investment decisions or check out any number of additional free resources like our eBooks, blog posts, and on-demand webinars.

And with that introduction, I hope you enjoy my conversation with Phil Huber.