
A Finnish physicist-in-training followed Paul Samuelson’s advice into economics, then carried the lesson from Harvard, the New York Fed and Goldman Sachs into a different kind of wealth platform. His recurring idea is simple: the portfolio may be mathematical, but the scarce asset is an advisor’s time.
Two ex-Goldman quants built software that automates the boring, expensive part of managing money - and got a $1.3 trillion asset manager to buy the whole thing.
Hartford Funds built a large investment business by deciding it did not need to do every job itself. Now Wellington Management plans to buy the platform it has helped power for four decades.