Years ago the folks at Morningstar (the giant investment complex best known for their mutual fund research) began popularizing the investor gap – the difference between time-weighted returns (the returns of an investment) and dollar-weighted returns (the returns of an investor owning the investment).  MorningstarAdvisor (a robust offering tailored to professional advisors) recently updated the research by noting some interesting findings and outcomes.

As with any information it is not “two tablets from the mountain” but one piece of a larger puzzle.