This news item original appear on WealthManagerWeb.com on 1/7. Dimensional Fund Advisors (DFA), well known in the investment advisory community for its academic research-based investment strategies, is expanding distribution of its asset management capabilities to the independent broker/dealer world. The firm, with $165 billion in AUM, has ties to many prominent thinkers in investment management, including Eugene Fama, Kenneth French, Roger Ibbotson and Nobel Laureate Myron Scholes.
DFA hired John Blood, "to develop strategic relationships," with independent B/Ds. Michael Lane, VP and head of DFA's broker/dealer, bank trust and TAMP (third party asset management provider) programs, said in the January 6 announcement, "We are establishing selling agreements with select independent broker/dealers that will allow their fee-based advisors to provide clients with Dimensional strategies."
Blood had been chief market strategist and vice president of investments at Commonwealth Financial. He holds an MS in finance and an MBA from Boston College.
