Vanguard released a paper claiming that advisors following its Alpha Framework can add up to 3% to an investor's long-term returns. Many advisors use this paper to sell their very expensive (1% of AUM or more) services. But is it legit?Here's the paper: https://www.vanguard.com/pdf/ISGQVAA.pdfJoin the newsletter: https://robberger.com/newsletter/?utm...
