Dimensional Fund Advisors' David Booth replaced by Dave Butler as co-CEO

Dimensional Fund Advisors' David Booth replaced by Dave Butler as co-CEO
Dave Butler was appointed co-CEO at Dimensional Fund Advisors, replacing David Booth, the firm's founder, who will remain executive chairman, the company announced Wednesday.
FEB 22, 2017
Mr. Butler will share the co-CEO title with Eduardo Repetto, who has been co-CEO with Mr. Booth since 2010. Mr. Butler will also join the firm's board of directors. Mr. Repetto is also co-CIO, sharing the title with Gerard O'Reilly. A post on the firm's website said Mr. Booth "will remain closely involved in the firm on strategic initiatives." "We are excited about this announcement and are confident that the co-CEO model, which has worked well for our clients and the management of our firm over the past seven years, remains the best structure going forward," Mr. Booth said in a statement on the website. Mr. Butler, who had served head of global financial adviser services at the Austin, Texas, money management firm, will also continue in that role, the statement said. "I know from my close interactions with both Dave and Eduardo that they have a very clear understanding of the vision for the company," Mr. Booth added in the statement. "I am confident we have the people, the capabilities, the client base and the connections with leading thinkers to continue to make a difference for investors." Dimensional Fund Advisors has $460 billion in assets under management.

Latest News

Why more Americans are raiding their retirement savings for emergencies
Why more Americans are raiding their retirement savings for emergencies

New Vanguard and FINRA data show Americans increasingly vulnerable to financial shocks, with hardship withdrawals and cash-outs reaching a new high.

Retirement plans in flux: Why more Americans are reconsidering their exit timeline
Retirement plans in flux: Why more Americans are reconsidering their exit timeline

Many people have already continued working past their planned retirement date

Married retirees could be in for an $18,100 Social Security cut by 2032, CRFB says
Married retirees could be in for an $18,100 Social Security cut by 2032, CRFB says

A new analysis finds long-running fiscal woes coupled with impacts from the One Big Beautiful Bill Act stand to erode the major pillar for retirement income planning.

SEC bars New Jersey advisor after $9.9M fraud against Gold Star families
SEC bars New Jersey advisor after $9.9M fraud against Gold Star families

Caz Craffy, whom the Department of Justice hit with a 12-year prison term last year for defrauding grieving military families, has been officially exiled from the securities agency.

Navigating the great wealth transfer: Are advisors ready for both waves?
Navigating the great wealth transfer: Are advisors ready for both waves?

After years or decades spent building deep relationships with clients, experienced advisors' attention and intention must turn toward their spouses, children, and future generations.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.