Rick Ferri, CFA®
Author, Columnist and Managing Partner, Portfolio Solutions, LLC®
Author of six investment books, Richard (Rick) A. Ferri, CFA is a leading expert on low-cost index fund investing. Through his work as a researcher and investment manager, he continually monitors and evaluates the latest trends related to index funds and exchange-traded funds (ETFs). Rick utilizes his in-depth research about index fund investing strategies to direct the Investment Committee he heads at Portfolio Solutions, the low-fee investment management firm he founded in 1999. In addition, he shares his insights as a frequent news commentator, Forbes columnist, media contributor and public speaker.
Rick has authored six books on low-fee portfolio management, including All About Index Funds, The ETF Book and his most recent book, The Power of Passive Investing. Moreover, he shares his expertise in a variety of media, including many financial and business publications, newspapers, blogs, and radio shows. Most notably, he writes a biweekly column for Forbes as “The Indexer.” He is also a key member of the Bogleheads “brain trust,” a community inspired by the philosophy of John C. Bogle, founder of The Vanguard Group of mutual funds. Rick’s research and insight also appears frequently in such media outlets as the Wall Street Journal, Financial Times, New York Times, Barron’s, Money, Smart Money, Kiplinger’s, The Motley Fool, CNBC, Bloomberg and Fox Business.
Furthermore, Rick is a nationally recognized speaker who speaks extensively at industry and investor conferences. During these speaking engagements he discusses his investment philosophy and shares his “tight-fisted” approach to capturing stock and bond market returns at the lowest possible cost. Additional presentation topics include index funds, ETFs, asset allocation, portfolio management and investment strategy.
With more than 20 years experience in the investment industry, Rick has gained insight from a diverse background that includes ten years as a financial consultant at two major Wall Street firms. During his time at Kidder, Peabody & Co. and SmithBarney, he grew dissatisfied with the firms’ approach to client relationships and high-fee investment management. Seeking an outlet to manage funds in accordance with his investment philosophy, Rick founded Portfolio Solutions in 1999. At the low-fee investment management firm, Rick directs the Investment Committee using his research and investment philosophy to capture market returns at the lowest possible cost.A CFA Charterholder (Chartered Financial Analyst) through the CFA Institute, Rick holds a Master of Science degree in finance from Michigan’s Walsh College, where he has served as an adjunct professor. He earned his Bachelor of Science degree in business administration from the University of Rhode Island. Prior to entering the financial industry, Rick served as a U.S. Marine Corps officer and fighter pilot before retiring from the reserves in 2001 with twenty years of service.
There have always been select actively managed funds that beat the cap-weighted indices market, and there always will be. But trying to find these funds before they outperform is exceedingly difficult, especially across multiple asset classes and styles. In addition, the outperformers may not pay well enough given the risk. Active managers may claim victory…
I’ve been a long-time SPIVA® fan. The first report was published about 13 years ago and it quickly became my go-to active management scorecard. No firm was comparing active manager performance to index benchmarks regularly. Advisers had to crunch data themselves to see the trends. SPIVA came to the rescue by doing the heaving lifting,…