Discover why investors place their confidence in Garhwal, Chan & Williams Inc. and the core of our portfolio, which uses Dimensional Fund Advisors funds. We invite you to explore the difference that decades of research and state-of-the-art, scientific investment design can make.
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Learn how successful investors have been guided by advisers who draw on information and sound principles, not guesswork.
Nobel Thinkers: Theory, Practice, and Implementation
This short documentary compares the work and ideas of five recipients of the Nobel Prize in Economics. A brief history of their theories and experiences culminates in a host of insights for today’s investors.
More About Dimensional Fund Advisors
Consistent with our beliefin market efficiency and our distrust in market timing as an investment strategy, we avoid stock picking and instead focus our efforts on capturing market returns for selected asset classes across the globe. We have developed a strategic relationship with the Dimensional Fund Advisors (DFA) no-load mutual funds in this effort.
DFA is an institutional investment manager with major corporations, public retirement funds, endowments and foundations as its clients. The DFA family funds were first founded in 1981 and have over $251.6 billion in assets under management as of September 30, 2012. DFA’s directors and board members include some of the world’s most renowned financial theorists, including Nobel Laureates Robert Merton and Myron Scholes.
Dimensional’s structured investment approach is in part based on the famous research of two members of its Investment Policy Committee: Professor Eugene F. Fama of University of Chicago and Professor Kenneth French of Dartmouth College. Widely recognized as the father of modern finance, Professor Fama developed the “efficient market” hypothesis. Professor French chairs Dimensional’s Investment Policy Committee and is well known for his work in the value effect and three-factor model.
All DFA funds have specific investment parameters in order to maintain reliable asset class exposures. Portfolio managers have no financial incentives to deviate from this specific discipline. Dimensional’s scientific investing concentrates on favorable price execution that neutralizes the effects of momentum and index reconstitution. This patient and price-conscious buy-and-hold approach to trading minimizes costs for our clients.
We never have and never will accept any compensation from DFA. DFA funds are available to institutional investors, and to individual investors through a select group of fee-only advisors. We chose DFA because we believe its family of funds, which offers a global solution at a low cost, provides our clients with the best possible value. Our own lifesavings are invested with them.