Episode 338 - Peter Mladina: Factor Betas and ICAPM in Practice

This is the Rational Reminder Podcast, a weekly reality check on sensible investing and financial decision-making from two Canadians. We are hosted by me, Benjamin Felix, Chief Investment Officer at PWL Capital, and Mark McGrath, Associate Portfolio Manager at PWL Capital. Welcome to episode 338. Today we welcome Peter Mladina for a very interesting and practical but also theoretical conversation about asset allocation and factor models.

Peter is the executive director of portfolio research for Northern Trust Wealth Management. In his job there, he's responsible for the application of research to the wealth management investment process. And that includes research tools and methods that support asset allocation, which is basically what we talked about in our conversation. Now his research is published in journals. He's got a ton of papers in the journal of Portfolio Management, Journal of Wealth Management, Journal of Investing.

So he's doing research that is getting published and then he's also applying that in his professional capacity with Northern Trust, which is pretty cool. He also developed a goals-based asset allocation software that he alluded to during the conversation. Which is also pretty cool. It's not available online, unfortunately, but he's able to speak to how it was constructed and how it works and why it matters to do things the way that they do. Peter's also a professor of practice at UCLA, where he teaches applied financial economics.

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