Unusual index fund company avoids typical tactics


Six years ago, Montreal-based financial adviser Sonny Wadera packed his bags for Texas.

He wasn’t giving up on the investment business for a stake in a Lone Star oil operation.

He was simply going back to school for a couple of days.

His goal was to build better portfolios for clients

Image courtesy of pixabay.com

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Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School and Millionaire Expat: How To Build Wealth Living Overseas. My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions.

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3 Responses

  1. james says:

    good read Andrew. i’ve read as much as i can find about DFA having discovered them about 8 months ago. not a tonne out there but you can find some depth if you dig around.
    my question is, do you feel that these funds, and the DFA strategies, really provide any benefit to any number of other high quality, index/ETF options currently and widely available? that is what seems to be missing and confusing from any analysis i can find.
    cheers, james

    • Hi James,

      I do think they’re very good. But you can only buy them with a DFA approved advisor. Do costs of the advisor outweigh the funds’ benefits? Perhaps. But most people can’t manage a portfolio of ETFs on their own. They usually freak out when markets plunge or they end up trying to speculate.


  2. james brant says:

    thanks for your thoughts Andrew. i should have disclosed in the initial post; i am an IA (and CFP) and even with the package of information available to us, questions always remain. absolute certainties are few and far between. ongoing research, due diligence and seeking the perspective of experts like yourself and others is valuable. as far as what value an IA brings, that also always remains in question and only the individual investor can answer that, and only if they’ve found the advisor they feel provides that value, some of which is tangible, some of which is not. enjoyed your first book, looking forward to the next.

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