DFA hired John Blood, "to develop strategic relationships," with independent B/Ds. Michael Lane, VP and head of DFA's broker/dealer, bank trust and TAMP (third party asset management provider) programs, said in the January 6 announcement, "We are establishing selling agreements with select independent broker/dealers that will allow their fee-based advisors to provide clients with Dimensional strategies."
Blood had been chief market strategist and vice president of investments at Commonwealth Financial. He holds an MS in finance and an MBA from Boston College.
DFA strategies are not available to individual investors directly--they are distributed only through intermediaries.
Comments? Please send them to firstname.lastname@example.org. Kate McBride is editor in chief of Wealth Manager and a member of The Committee for the Fiduciary Standard.