Richard Marston is the James R.F. Guy Professor Emeritus of Finance at the Wharton School of the University of Pennsylvania. A graduate of Yale College and MIT where he received his PhD, Professor Marston was also a Rhodes Scholar at Oxford University. He has taught asset allocation for over twenty years in the CIMA Program sponsored by the Investments & Wealth Institute™, formerly called IMCA. He is a past recipient of the Institute’s Matthew R. McArthur Award for outstanding contributions to investment management. Since 1999, he has been faculty director of Wharton Executive Education’s Private Wealth Management Program, a week-long program for ultra-high net worth investors. Professor Marston has lectured on investments throughout the U.S. and in over a dozen foreign countries. He is the author of numerous articles and books including Portfolio Design: A Modern Approach to Asset Allocation, and Investing for a Lifetime.