How Targeting Size, Value, and Profitability Can Improve Retirement Outcomes

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Mathieu Pellerin, PhD Senior Researcher and Vice President Dimensional Fund Advisors: Many retirement investors hold equity portfolios that track broad market indices, either directly or through other investments such as target date funds. Despite their widespread popularity, market portfolios may leave money on the table. Core equity portfolios—low-cost, broadly diversified equity portfolios with a moderate emphasis on the size, value, and profitability premiums—can provide higher expected returns while controlling the risk of underperformance relative to the market. In new Dimensional research, we examine the benefits of core equity investing for retirement outcomes. The potential benefits can start building up in the accumulation phase. Consider two investors who contribute to a retirement account from age 25 to 65 and follow a conventional target date glide path, in which assets are heavily invested in equities at younger ages and converge to a 50/50 mix of stocks and bonds by age 65. The equity portion is invested either in a core portfolio or the broad market without...

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Level Moves to East Amherst May 22nd

Picture of new offices in East Amherst for Level Financial Advisors

PRESS RELEASE Level Financial Advisors, Inc. announced today the opening of their new, state-of-the-art headquarters in East Amherst, scheduled for May 22nd.  The new 4,000 square foot facility is located at 9310 Transit Road, Suite 300 inside a new retail plaza constructed by Bevilacqua Development.  Situated at the corner of Casey and Transit, the new office boasts upgraded conference space, technology, security features and employee spaces. Level Financial Advisors opened in 1979 in Amherst after incorporating as Paramount Planning under the late Alan Vogt.  The firm changed its name to Schroeder, Braxton, and Vogt in 1999, and later rebranded as Level Financial in 2016.  For the past 23 years, the company has expanded its foot print at the corner of Sweet Home and Rensch Roads, across from the University at Buffalo. The move to East Amherst comes after years of growth, including the opening of a satellite office in Hamburg, NY on Southwestern...

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Introduction to Avantis Investors

As many of you know, we have long been believers in using investment funds from Dimensional Fund Advisors (DFA) and Vanguard. They have helped us build diversified portfolios in a low cost, tax efficient structure. DFA specifically has helped us tilt our portfolios towards stocks with higher expected returns, such as small stocks, value stocks and high profitability stocks. Now we would like to introduce our clients to a third company that our Investment Committee has authorized our advisors to use to implement our portfolios. Avantis Investors was created in 2019 by Eduardo Repetto, who was the former Chief Investment Officer and co-CEO of DFA. Eduardo built the firm by mostly hiring former DFA portfolio managers, relationship managers and traders. The start of Avantis Investors was financially backed by American Century Investments, which has been in the investment business since 1958 and manages over $247 billion in client assets.* This backing has...

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NEW OFFICE UPDATE: We Are Moving May 22nd

As previously announced, we are moving our headquarters from Sweet Home Road in Amherst, to Transit Road in East Amherst on May 22, 2023!  We are excited for this next chapter in our 43-year history.  Our new offices will include upgraded conference rooms, security features, and technology.  We are excited to share this new space with everyone in the coming months and years.   Here is a link to our new location at the corner of Transit & Casey.   We will continue to operate our southtowns office in Hamburg and clients should see no disruption in service during our move. Our official new address is:  9310 Transit Road, Suite 300, East Amherst, NY  14051.   We can still be reached at 716-634-6113 or at  ...

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