The March edition of the Journal of Financial Planning had a fascinating article titled, “The Expense-Performance Relationship (or Lack Thereof).” Fascinating for all the wrong reasons.

I read this piece by David Nanigian, written while he was an associate professor of investments at the American College of Financial Services, and was shocked at some of the conclusions. As it turns out, the conclusions were déjà vu, reminiscent of an award-winning article in the JFP a decade ago – one that had to be retracted.

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