Articles authored by Kevin Bruce

The last several years have been unusually favorable for investors. Equities have delivered strong returns, bonds have recovered meaningfully, and credit has remained resilient. For many portfolios, nearly everything has worked. And when everything works, diversification often goes unquestioned. There is an irony in how we respond to diversification, or more precisely, to correlation. When …

Both a McLaren and a minivan are automobiles. Both provide transportation. Both have value. But what they are designed to do, and what they are optimized for, differs dramatically. A McLaren is built for speed, agility, and performance in environments where immediacy, visibility, and optionality matter. A minivan is built for reliability, capacity, and predictability, …

Why long-term investors shouldn’t pay for flexibility they don’t need. By Kevin Bruce, CFA®, CFP, Analyst, Alternative Due Diligence Many advisors share the same core playbook with clients: think long-term, stay invested, diversify, and do not let short-term volatility derail the plan. It is the foundation of wealth creation. We remind clients that cash (the …