Morningstar - Summer 2019 - 94
Investors
On a Mission to Educate
Randy Bruns wants to boost financial
knowledge among average Americans.
USER PROFILE
Charles Keenan
Randy Bruns sees America as needing a lot
more education when it comes to financial literacy.
Bruns, a Certified Financial Planner, notes
how many employees once retired with company
pensions, which were run by professionals.
Yet nowadays, workers increasingly have been left
in charge of their own investment portfolios,
94
a situation fraught with pitfalls, especially
because some providers in the financial industry
prey on ignorance.
"Now, the average American is on the hook
for making that last throughout retirement, having
no clue how long they are going to live,"
Bruns says. "They have no professional training
whatsoever in their life on how to handle
that, in an industry that I don't think has done
great favors helping people in the past."
Bruns, principal and founder of Model Wealth,
his advisory firm based in Naperville, Ill.,
says there is much work to be done to improve the
financial knowledge of Americans. In addition
to serving clients, he volunteers in Chicago to help
educate people who can't afford financial
planning or those who don't have enough assets
to get the average advisor's attention.
He sees plenty of mistakes being made, such
as lack of savings discipline, taking out too many
loans, and straying from asset allocation. That
last shortcoming, such as when people pull their
money out of the market, can be a particularly
insidious threat to wealth-building. "They don't
realize the potential devasting effect of just being
out of the markets for a few weeks, months,
or years can have on the long-term average return
they rely on," he says.
Keeping It Simple
In his practice, Bruns, 40, has sought to eliminate
Morningstar - Summer 2019
Table of Contents for the Digital Edition of Morningstar - Summer 2019
Contents
Morningstar - Summer 2019 - Cover1
Morningstar - Summer 2019 - Cover2
Morningstar - Summer 2019 - 1
Morningstar - Summer 2019 - 2
Morningstar - Summer 2019 - Contents
Morningstar - Summer 2019 - 4
Morningstar - Summer 2019 - 5
Morningstar - Summer 2019 - 6
Morningstar - Summer 2019 - 7
Morningstar - Summer 2019 - 8
Morningstar - Summer 2019 - 9
Morningstar - Summer 2019 - 10
Morningstar - Summer 2019 - 11
Morningstar - Summer 2019 - 12
Morningstar - Summer 2019 - 13
Morningstar - Summer 2019 - 14
Morningstar - Summer 2019 - 15
Morningstar - Summer 2019 - 16
Morningstar - Summer 2019 - 17
Morningstar - Summer 2019 - 18
Morningstar - Summer 2019 - 19
Morningstar - Summer 2019 - 20
Morningstar - Summer 2019 - 21
Morningstar - Summer 2019 - 22
Morningstar - Summer 2019 - 23
Morningstar - Summer 2019 - 24
Morningstar - Summer 2019 - 25
Morningstar - Summer 2019 - 26
Morningstar - Summer 2019 - 27
Morningstar - Summer 2019 - 28
Morningstar - Summer 2019 - 29
Morningstar - Summer 2019 - 30
Morningstar - Summer 2019 - 31
Morningstar - Summer 2019 - 32
Morningstar - Summer 2019 - 33
Morningstar - Summer 2019 - 34
Morningstar - Summer 2019 - 35
Morningstar - Summer 2019 - 36
Morningstar - Summer 2019 - 37
Morningstar - Summer 2019 - 38
Morningstar - Summer 2019 - 39
Morningstar - Summer 2019 - 40
Morningstar - Summer 2019 - 41
Morningstar - Summer 2019 - 42
Morningstar - Summer 2019 - 43
Morningstar - Summer 2019 - 44
Morningstar - Summer 2019 - 45
Morningstar - Summer 2019 - 46
Morningstar - Summer 2019 - 47
Morningstar - Summer 2019 - 48
Morningstar - Summer 2019 - 49
Morningstar - Summer 2019 - 50
Morningstar - Summer 2019 - 51
Morningstar - Summer 2019 - 52
Morningstar - Summer 2019 - 53
Morningstar - Summer 2019 - 54
Morningstar - Summer 2019 - 55
Morningstar - Summer 2019 - 56
Morningstar - Summer 2019 - 57
Morningstar - Summer 2019 - 58
Morningstar - Summer 2019 - 59
Morningstar - Summer 2019 - 60
Morningstar - Summer 2019 - 61
Morningstar - Summer 2019 - 62
Morningstar - Summer 2019 - 63
Morningstar - Summer 2019 - 64
Morningstar - Summer 2019 - 65
Morningstar - Summer 2019 - 66
Morningstar - Summer 2019 - 67
Morningstar - Summer 2019 - 68
Morningstar - Summer 2019 - 69
Morningstar - Summer 2019 - 70
Morningstar - Summer 2019 - 71
Morningstar - Summer 2019 - 72
Morningstar - Summer 2019 - 73
Morningstar - Summer 2019 - 74
Morningstar - Summer 2019 - 75
Morningstar - Summer 2019 - 76
Morningstar - Summer 2019 - 77
Morningstar - Summer 2019 - 78
Morningstar - Summer 2019 - 79
Morningstar - Summer 2019 - 80
Morningstar - Summer 2019 - 81
Morningstar - Summer 2019 - 82
Morningstar - Summer 2019 - 83
Morningstar - Summer 2019 - 84
Morningstar - Summer 2019 - 85
Morningstar - Summer 2019 - 86
Morningstar - Summer 2019 - 87
Morningstar - Summer 2019 - 88
Morningstar - Summer 2019 - 89
Morningstar - Summer 2019 - 90
Morningstar - Summer 2019 - 91
Morningstar - Summer 2019 - 92
Morningstar - Summer 2019 - 93
Morningstar - Summer 2019 - 94
Morningstar - Summer 2019 - 95
Morningstar - Summer 2019 - 96
Morningstar - Summer 2019 - 97
Morningstar - Summer 2019 - 98
Morningstar - Summer 2019 - 99
Morningstar - Summer 2019 - 100
Morningstar - Summer 2019 - 101
Morningstar - Summer 2019 - 102
Morningstar - Summer 2019 - 103
Morningstar - Summer 2019 - 104
Morningstar - Summer 2019 - Cover3
Morningstar - Summer 2019 - Cover4
Morningstar - Summer 2019 - Cover1I
Morningstar - Summer 2019 - Cover2I
Morningstar - Summer 2019 - I3
Morningstar - Summer 2019 - I4
Morningstar - Summer 2019 - I5
Morningstar - Summer 2019 - I6
Morningstar - Summer 2019 - I7
Morningstar - Summer 2019 - I8
Morningstar - Summer 2019 - I9
Morningstar - Summer 2019 - I10
Morningstar - Summer 2019 - I11
Morningstar - Summer 2019 - I12
Morningstar - Summer 2019 - I13
Morningstar - Summer 2019 - I14
Morningstar - Summer 2019 - I15
Morningstar - Summer 2019 - I16
Morningstar - Summer 2019 - I17
Morningstar - Summer 2019 - I18
Morningstar - Summer 2019 - I19
Morningstar - Summer 2019 - I20
Morningstar - Summer 2019 - I21
Morningstar - Summer 2019 - I22
Morningstar - Summer 2019 - I23
Morningstar - Summer 2019 - I24
Morningstar - Summer 2019 - I25
Morningstar - Summer 2019 - I26
Morningstar - Summer 2019 - I27
Morningstar - Summer 2019 - I28
Morningstar - Summer 2019 - I29
Morningstar - Summer 2019 - I30
Morningstar - Summer 2019 - I31
Morningstar - Summer 2019 - Cover4I
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2024q1
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2023q4
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2023q3
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2023q2
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2023q1
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2022q4
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2022q3
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2022q2
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2022q1
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2021q4
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2021q3
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2021q2
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2021q1
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2020q4
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2020q3
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2020q2
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2020q1
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2019winter
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2019fall
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2019summer
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2019spring
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20191201
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20181011
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20180809
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20180607
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20180405
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20180203
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20181201
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20171011
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20170809
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20170607
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20170405
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20170203
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20171201
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20161011
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20160809
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20160607
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20160405
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20160203
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20161201
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20151011
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20150809
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20150607
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20150405
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20150203
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20151201
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20141011
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20140809
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20140607
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20140405
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20140203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20141201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20131011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20130809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20130607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20130405
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20130203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20131201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20121011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20120809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20120607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20120405
https://www.nxtbook.com/nxtbooks/morningstar/investorconference2012
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20120203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20121201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20111011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20110809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20110607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20110405
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20110203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20111201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20101011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100809_lincoln
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100607_lincoln
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100405_lincoln
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100405
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20101201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20091011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20090809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20090607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20090405
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20090203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2008fall
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2008summer
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2007spring
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2007fall
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2007summer
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2008spring
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2008catalog
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2008winter
https://www.nxtbookmedia.com