Andrew Miller: ‘No Index Is Truly Passive’ – Morningstar

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Our guest this week is Andrew Miller. Andrew is a partner at Creative Planning where he advises clients on financial planning and investment issues. Prior to joining Creative Planning in 2020, Andrew was a partner at Miller Financial Management, where he focused on portfolio construction, financial and tax planning, as well as investment management. He’s active on social media–you can find him on Twitter @millerak42–and has authored research on various financial-planning and investing topics that you can find online. Andrew is a CFA charterholder and also is a certified financial planner. He received his bachelor’s degree in finance from Indiana University.




Alpha, Beta, and Now … Gamma,” by David Blanchett and Paul Kaplan,, Aug. 28, 2013.

Asset Allocation and Portfolio Construction

Alternative Investments–A Field Manual,” by Andrew Miller,, Oct. 3, 2019.

Who’s Afraid of a Big Bad Bear? Many Investors Shouldn’t Be That Concerned,” by Andrew Miller,, March 2, 2018.


What Is Home Country Bias?

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What Is FRED?


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Should Retirees Still Follow the 4% Rule? The Long View podcast,, Dec. 23, 2021.

The State of Retirement Income: Safe Withdrawal Rates,” by Christine Benz, Jeffrey Ptak, and John Rekenthaler,, Nov. 11, 2021.