The 70 Year History of Investment Consulting: 1950-2020
Ronald Surz, Target Date Solutions

Investment consulting is 70 years new and still learning. Innovations occur every decade. Some are adopted quickly while others take decades, and some never gain acceptance. Disruptive innovations are both exciting and frightening, so some consultants are early adopters while others prefer to wait. Readers of this article can see and understand the progress of their advisor. For example, the 60/40 stock/bond “solution” remains entrenched but questionable, especially for those near retirement.