TheLiveBigWay Digest – Origins

DFA founder David Booth likes to say, “it’s about ideas,” and we certainly don’t know of another fund company that has been more about ideas than Dimensional Fund Advisors. And not just any ideas, but the best thinking coming out of academic research in the science of economics. In anticipation of the Royal Swedish Academy of Science’s announcement this coming Monday of the next Nobel Laureate in Economics, we thought we’d share a brief video devoted to the origins of this most idea-driven company.

Robin Williams wanted to take care of his heirs and guide those handling his estate by making sure his wishes for the distribution of his assets were made clear, and that they would be handled privately. From an outsider’s perspective (since we don’t have access to his current estate documents), he seems to have done all he could, but there was one issue that came up. With that in mind, in thinking about your own estate arrangements, there are some key lessons to be learned from Robin Williams’ estate plan – have estate documents to make your wishes known, determine your privacy preferences, and be aware of the potential gaps.

Dave recently wrote an article that was published on CNBC Digital on how to choose the best financial advisor for you. He summarizes three key points in facilitating the search; research, focus, and interview. Read the highlights of Dave’s article and the full version on CNBC Digital.