Program Overview
The impact of applying systematic Decision Rules in the management of portfolio distributions has been one of financial planning’s hottest topics since 2004 when our speaker, Jonathan Guyton, CFP® and Principal of Cornerstone Wealth Advisors, Inc. in Minneapolis, published his award-winning research which established higher "safe" initial withdrawal rates than previously published results. In March 2006, along with computer scientist William Klinger, Mr. Guyton published a follow-up work in the Journal of Financial Planning. Testing various balanced portfolios utilizing Monte Carlo analysis, this research validated his original findings and introduced two Decision Rules (the "Capital Preservation Rule" and the "Prosperity Rule") which act as "guardrails" that support higher initial withdrawal rates, introduce flexibility in distribution amounts and allow for purchasing power maintenance and probabilities of success well above 95%. Attendees will Learn:
Featured Speaker: Mr. Guyton is best known as the author of "Decision Rules and Portfolio Management for Retirees: Is the 'Safe' Initial Withdrawal Rate Too Safe?," published in the October 2004 Journal of Financial Planning and a winner of its National Call For Papers competition. He also co-authored "Decision Rules and Maximum Initial Withdrawal Rates" in the March 2006 Journal of Financial Planning. In January 2007, he was named a "Mover and Shaker" by his professional peers in Financial Planning magazine. His comments these topics have appeared as a feature article in the Wall Street Journal as well as in Money, USA Today, Forbes, Business Week, Research, Bloomberg's Wealth Manager and Kiplinger's Personal Finance. More recently, Cornerstone Wealth Advisors has been recognized for its unique approach to providing career paths to young CFP® professionals within the financial planning profession. Graduated Phi Beta Kappa from the College of William and Mary in Virginia in 1983 with a B.A. in Economics, Mr. Guyton began his career as a bank branch manager and spent five years as a financial planner and national training officer for Ameriprise Financial (then IDS) before creating his own firm in 1990. He earned his Certified Financial Planner (CFP®) designation in 1989. Education Level: Intermediate |
Jonathan T. Guyton, CFP® is principal of Cornerstone Wealth Advisors, Inc., a holistic financial planning and wealth management firm in Minneapolis. His specialties include retirement income planning and investment management with an emphasis on asset distribution and income tax reduction techniques.