About the Author

Richard C. Marston is the James R.F. Guy Professor of Finance at the Wharton School of the University of Pennsylvania. He holds a BA from Yale University, a BPhil from Oxford University where he was a Rhodes Scholar, and a PhD from MIT. He has been a research associate of the National Bureau of Economic Research since 1979, a visiting professor at the London Business School, ESSEC in Paris, and the Sasin Institute at Chulalongkorn University in Bangkok, as well as a visiting scholar at the Bank of Japan.

Marston is a long-standing faculty member in the Certified Investment Management Analyst (CIMA) program at Wharton, a program that has trained over 5,000 financial advisors in investment management. He has also taught in many other investment programs at the Wharton School and given investment presentations in over a dozen countries in Europe, Latin America, and Asia.

He has consulted for many of the top firms in the investment industry including Citigroup, Merrill Lynch, Morgan Stanley, Delaware Investments, and Lincoln Financial. He has spoken at numerous industry conferences and has frequently addressed client seminars sponsored by investment firms.

Since 1999, Marston has been the director of a unique program at the Wharton School for ultra-high-net-worth investors, the Private Wealth Management Program. In this program, the investors themselves come to Wharton for a week to learn how to invest their wealth. As of 2013, almost 700 ultra-high-net-worth investors have taken part in this program.

Marston is a member of the board of W. P. Carey Inc. and serves on the investment committees of several ultra-high-net-worth families.

His work has been widely cited in the press, including publications such as Barrons, the Financial Times, Newsweek, and the Wall Street Journal, and he has appeared on television programs such as the Nightly Business Report and CNBC.

Marston has written or coedited five previous books on finance. His latest book, Portfolio Design: A Modern Approach to Asset Allocation, was published by John Wiley & Sons in March 2011.

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