Consuelo Mack is a long time fan of Professor Burton Malkiel and Dr. Charles Ellis. In fact, she had both of them on her show several times. So naturally, she was intrigued when Burt and Charley joined the Rebalance team and took a central role leading the firm’s Investment Committee and helping to design and monitor the firm’s retirement portfolios. These two legendary financial thought leaders are very sought after by financial services companies, university endowments, and pension plans.>
What is so special about Rebalance? Ms. Mack decided to dedicate a 30-minute episode to how the firm is part of a new generation of investment advisory companies that leverage technology and innovative business models to provide consumers with fundamentally more attractive and lower-cost retirement investing options.
In this segment, Professor Burton Malkiel discusses what makes Rebalance different:
Consuelo Mack: This week on Wealthtrack, putting your retirement portfolio on autopilot. Financial thought leader Burton Malkiel has teamed up with online investment advisory pioneer Mitch Tuchman to offer retirement portfolios of low-cost index funds that automatically rebalance. Why they believe the combination will lead to smooth retirement landings is next on Consuelo Mack Wealthtrack.
Consuelo Mack: There are other services out there. You were on the board of Vanguard for many years. So, there are other index companies that offer retirement services, so what’s different about Rebalance?
Burt Malkiel: Well, one of the things that Rebalance can do that a Vanguard and a Schwab, which are two other companies that are in the game can’t do, is that we can be completely unconflicted in terms of the ETFs that we put into the portfolio.
Consuelo Mack: So, open architecture. You can use whatever.
Burt Malkiel: So, it’s an open architecture. When you go to Schwab, who is one of the competitors doing this, you’ll notice that in the Schwab composite portfolio there’s nothing but Schwab funds. Vanguard’s a wonderful company, but in the Vanguard portfolio there’s nothing but Vanguard funds. So, I think what is really important about Rebalance is that we are simply looking for the best kind of fund at the lowest cost.
