About NFA

In 1998, Dr. Richard O. Michaud released Efficient Asset Management: A Practical Guide to Stock Portfolio Optimization and Asset Allocation (Boston: Harvard Business School Press).* The book garnered immediate attention. In the following year, Dr. Michaud and his son, Robert, patented the portfolio optimization process presented in the book, called Resampled Efficiency™, and founded New Frontier Advisors with Matthew V. Pierce, CPA. Over time, the NFA business model has evolved to a strategic investment advisory firm offering innovative solutions to institutional investors worldwide.

New Frontier Advisors remains a leader in practical economic research and portfolio optimization. Visit the Research and Investment Services sections to learn more.

*The second version of the book came out in January 2008, published by Oxford University Press.