Rick Ferri, the tenacious burr under the saddle of asset-based financial planning business models, is at it again. Concurrent with his ongoing battle to push the financial advice industry toward lower and less-conflicted fee models, the feisty owner of Ferri ...

Financial advisers frequently use Monte Carlo analys`is to demonstrate the resiliency of a financial plan. These simulations produce a score that is useful in securing a client’s confidence in their plan. Such analyses do, however, have some inherent limitations. There ...